Conciliation Agreement
MUR 6466 (Robert Aderholt for Congress)
Page 2
May 25,2006, and June 15,2010,for activity occurring between April 1,2006, and December 31,2009.
3. The Committee's mis-disclosed receipts during this period totaled approximately $58,379 and its mis-disclosed disbursements, including undisclosed disbursements, disclosed disbursements not supported by the Committee's bank records, and disbursements disclosed in the wrong reporting period, totaled $129,681.43.
4. The Comission and Respondents have also identified $272,852 in contirbutions that were disclosed but not deposited within 10 days of receipt as required by 11 C.F.R. § 103.3(a).
5. The Commission made no knowing and willful findings in this matter.
6. The Committee has taken both corrective and precautionary actions since discovering this reporting issue, including: (a) filing a sua sponte submission to notify the Commission of its self-discovered reporting inaccuracies; (b) instituting regular reconciliation of bank statements with FEC reports; (c) filing reports that accurately disclose its cash on hand; (d) and hiring a new staff person to be responsible for FEC reporting, and who has attended an FEC training conference; (e) instituting procedures whereby the Committee's Treasurer is required to review all bank statements; (f) retaining an accountant to independently review the Committee's finances;and (g) implementation of controls consistent with the Commission's internal controls guidance recommended in FEC Notice 2007-9 (April 5,2007).
7. A political committee's disclosure reports must disclose the amount of all of the committee's receipts and disbursements. 2 U.S.C. § 434(b)(2) and (4). A political committee's disclosure reports must also disclose the amount of the committee's cash on hand. 2 U.S.C. § 434(b)(1). Committee treasurers are responsible for the timely and complete filing of
