Paul Tonko

campaign-finance · 2009-01-01 · The FEC Audit Division conducted a routine-risk-factor audit of Paul Tonko for Congress (TFC), the candidate's principal campaign committee, covering January 1, 2009 through December 31, 2010. The audit produced two Commission-approved findings. First, a sample review of contributions from individuals found checks drawn on accounts imprinted with 'Inc,' 'LLC,' or 'PC,' indicating apparent prohibited corporate/LLC-source contributions; the projected amount totaled $6,705. In response to the Interim Audit Report, the committee refunded 14 impermissible contributions totaling $5,450 and disgorged the remaining balance of $1,255 to the U.S. Treasury. Second, a reconciliation of reported financial activity against bank records for 2009 found the committee had understated disbursements by $9,286 and overstated its year-end cash-on-hand by $10,259; the committee filed amended FEC disclosure reports to correct the misstatement. TFC declined the opportunity for an audit hearing before the Commission, which formally approved both findings on September 11, 2012. · Committee refunded/disgorged the prohibited contributions to the U.S. Treasury and filed amended disclosure reports; the Commission approved findings that the committee received prohibited contributions and misstated its financial activity. The audit report noted the Commission could still initiate a further enforcement action but no subsequent MUR or penalty has been identified.

Sources: Federal Election Commission