The purpose of this amendment is to adjust the amount of unexpended funds that the Committee must return to the Election Campaign Fund.[1] The audit report dated August 12, 2003 stated that the Committee must return $29.54 to the Election Campaign Fund. It has since been determined that the Committee must return $17.54. This amendment also corrects the date on which the Committee terminated. The audit report indicated that the Committee terminated on July 31, 2003. The Committee in fact terminated on June 11, 2003.
[1] Unexpended funds are calculated by subtracting unpaid bills, forfeitures and bank maintenance fees from the amount of cash that the Committee had on hand on the 30th day following the election in which the candidate was elected or defeated.