This Audit Report summarizes the audit results of the committee, Sanchez '08, Identification Number 1302117 ("the Committee"), for the period from January 1, 2007 through December 31, 2008. The audit was conducted to determine whether the Committee materially complied with the requirements of the Political Reform Act ("the Act") (California Government Code section 81000, et seq.) and San Francisco's Campaign Finance Reform Ordinance ("CFRO") (San Francisco Campaign and Governmental Conduct Code section 1.100, et seq).
II. Audit Authority
San Francisco Charter section C3.699-11 authorizes the Ethics Commission to audit campaign statements that are filed with the Commission along with other relevant documents to determine whether a committee complied with applicable requirements of State and local laws. Section 1.150(a) of the CFRO requires the Commission to audit all candidates who receive public financing.
III. Audit Scope and Procedures
This audit was performed in accordance with generally accepted auditing standards. The audit involved a review of the Committee's records for the period covered by the audit. This review was conducted to determine:
- Compliance with all disclosure requirements pertaining to contributions, expenditures, accrued expenditures, and loans, including itemization when required;
- Compliance with applicable filing deadlines;
- Compliance with restrictions on contributions, loans, and expenditures;
- Accuracy of total reported receipts, disbursements, and cash balances as compared to bank records; and
- Compliance with all record-keeping requirements.
- Compliance with all provisions related to the Commission's public financing program; and
- Determination of any unexpended public funds that must be returned to the Election Campaign Fund up to the amount of public funds received by the candidate.
The Commission posts audit reports to its web site and, in cases of apparent violations of law, forwards them to the appropriate enforcement agency.
IV. Committee Information
The Committee was formed in November 2007 to support the election of Mark Sanchez to the office of Board of Supervisors in District 9 in the November 4, 2008 general election. Matt Gonzalez served as the treasurer. The Committee was active as of December 31, 2008.
V. Audit Findings
For the period covered by the audit, the Committee received $41,865 in contributions,1 $2,075 in non-monetary contributions, and $64,519 in public funds. The Committee incurred $125,233 of qualified campaign expenditures.2 The Committee did not have any unexpended funds.3
The Commission determined that there was one material finding with respect to the audit of the Committee. The Committee did not pay the remaining balance of $12,095 for one invoice within 180 days in violation of San Francisco Campaign & Government Conduct Code section 1.118.
VI. Committee's Response to Findings
The Committee was provided with an opportunity to comment on this audit report.
The candidate, Mark Sanchez, informed the Commission that a payment plan for the outstanding balance of $12,095 was arranged between the candidate Mark Sanchez and the vendor Left Coast Communications. The candidate stated that he has already paid $10,000 to Left Coast Communications.
3 Unexpended funds are calculated by subtracting any unpaid bills, on-going qualified campaign expenditures, and forfeitures from the amount of cash that the Committee had on the 30th day following the date of the election.