Maine GOP improperly reported its finances

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Maine GOP improperly reported its finances

Post by T on Sun Mar 03, 2013 11:15 am

The Federal Election Commission has determined that the Maine Republican Party misstated its financial activity, improperly disclosed debts and obligations, and failed or improperly disclosed expenditures from 2007 through 2008.

The amount of money involved in the partyís insufficient reporting is more than $700,000.

During the period covered by the audit, from Jan. 1, 2007, through Dec. 31, 2008, Philip Roy served as treasurer of the state GOP. He now serves as an elected commissioner in Somerset County and works in Ellsworth as the chief financial officer for Hancock County.

Roy has come under scrutiny for how he handled the partyís finances while serving as its treasurer, in particular his use of party money to help fund the purchase a camper for himself in August 2009.

Roy has since paid the money back.

According to the FEC audit, the Maine GOP overstated receipts, disbursements and cash-on-hand by more than $138,000 and understated other receipts and disbursements by more than $51,000 during the audit period. The party improperly disclosed debts and obligations of more than $103,000, failed to disclose $19,000 in disbursements, improperly disclosed nearly $532,000 in payments, and improperly disclosed independent expenditures of more than $56,000, the FEC indicated.

The Maine GOP informed the commission that $48,000 had been embezzled from the party from 2005 to 2008 by Constance Wilkins, an Embden woman who worked for a Waterville accounting firm that did the GOPís bookkeeping.

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