Gotham Gazette City Council Members Question Campaign Finance Board Audit Process by Samar Khurshid
At a City Council hearing on Friday, representatives of the city’s Campaign Finance Board expected to answer questions about their proposed budget for the next fiscal year but instead found themselves defending their processes for post-election auditing of campaigns.
One of the Campaign Finance Board’s prime functions is to perform detailed examinations of how candidate campaigns utilize funds and whether they adhere to the strict requirements of campaign finance law. These post-election audits sometimes take years to complete and can involve hefty fines, in the range of thousands of dollars, for campaigns that are found to have committed campaign violations. They can also involve repayment obligations for candidates who receive public matching funds from the CFB.