Since the November election, Tom Luna has loaned his campaign $27,000, and has spent some $22,000, mostly to Veritas Advisors for “Media.” Per a campaign expenditure report filed 7 Feb 07 for the period 11/18/06 – 12/31/06, Luna’s campaign carries $34,500 in debt, including the post-election $27,000. It also has cash on hand of around $22,000.
Luna’s campaign has incurred substantial post-election expense, but instead of using up its cash on hand, it has received loans from Luna and maintains a decent cash balance.
Luna’s campaign shows a $10,000 loan from Luna on 1 April 06, and another of $2,500 on 27 May 06. The loan balance seems to fluctuate, but it’s hard to tell why or to track. Various reports list the debt as $12,500 or $7,500, but mostly don’t show payments or new loans. It looks like Luna’s campaign finance person might be struggling.
Update: Mountain Goat reported here on similar, uh, inaccuracies.
1 comment:
I would agree that Luna's campaign finance records leave much to be desired. Don't know if you happend to catch any of it but I followed one frustrating example for several weeks early this year.
Find my summary post here.
My opinion is it's incompetence.
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