Congressman Obey did not run for reelection in 2010 and left office on January 3, 2011. Since then, he has been in the process of winding down his campaign account, A Lot of People for Dave Obey (FEC # C00017830) (the 'Committee'). As part of that process, it was determined that the Committee's actual checking account balance was less than the cash-on-hand that had been reported to the FEC on its report. As indicated on the enclosed report, the actual cash-on-hand is $12,612.29 - a difference of $57,347.91 from the amount that had been reported to the FEC. In an effort to determine what occurred and confirm these different amounts, the Committee hired an accounting firm to perform an audit and investigation into the matter. Based on that review, it appears that the error occurred somewhere between 2002-2007. While it is possible that the error occurred prior to 2002, the accounting firm observed that the differences between the reported cash-on-hand to the FEC and the checking account balance fluctuated greatly - roughly from $20,000 to $150,000-during this time period. Then, in 2008, the amount of the difference appears to have stabilized. However, the accounting firm was not able to identify exactly when the error occurred or exactly how it occurred. Instead, the accounting firm can only speculate as to what may have happened (e.g, double counting of deposits). Prior to 2008, the Committee's accounting was done manually (no accounting system or software). As a result, there are no financial reports that can be produced regarding the Committee's bank activity or detailed revenue or expenses prior to 2008. Also, beginning in 2008 a professional familiar with FEC reporting requirements was hired to manage the Committee's reports. Not having access to better records prior to 2008, the accounting firm does not believe it will be possible to make a precise determination as to what occurred. Moreover, it is made even more difficult given that two of the people during that time period have since died. The accounting firm did not notice anything that would indicate that funds had been transferred to an unknown account or certificate of deposit. Moreover, the accounting firm did not note any checks written to the person handling the funds (other than normal payroll checks) or any other inappropriate checks or transfers. The Committee would like to transfer out the remaining balance the checking account and terminate its existence. However, before doing so, the Committee would like to resolve this matter with the FEC and confirm that no additional actions need to be taken.