Summary of finances
for El Dorado Hills cityhood (Measure P) election

All numbers summarized by totaling detail entries in campaign funding disclosure forms.
Also see:    Scans of opponents' forms    Scans of proponents' forms
Total expenditures were $57,294.23 for proponents (Yes on P)
$192,972.59 (approximately) for opponents (No on P),

No on P's accounting is not totally clear, some of the subtotals on its Form 460 campaign disclosure filings differed substantially from the sum of the corresponding detail entries. The number cited here is derived by summing detail listings for each expenditure in Form 460 Schedule E, summed over all of the four separate Form 460 filings made by the No on P Committee. When a final donation to a local charity organization is included No on P total expenditures were $195,524.19.

In the table below use of the same precedure to sum contributions produced a total of $174,110.20. This produces what appears to be an imbalance of $21,414 between donations and expenditures.  Instead of making assumptions or doing potentially arduous audit-like research to reconcile this imbalance, table entries below use the data most directly derived from summing detail accounting numbers. This is the bottom line total of $174,110.20 for income and $192,972.59 for expenditures.

In addition to the derived statistics in the table below, the disclosure reports show this comparison:
  • Yes on P contributions from real estate and construction interests came from 12% of the committee's donors and provided 29% of the total amount donated.
  • No on P contributions from real estate and construction interests constituted about 55% of the committee's donors and provided 98% of the total amount donated.
Contributions Proponents (Yes on P) Opponents (No on P)
Amount % of  Total Amount % of Total
Cash Contributions from known real estate and construction interests $16,800.00 29.3% $170,499.98 97.9%
Known members of Ballot Measure Committees (Yes/No on P) $22,072.41 38.5% $1,800.00 1.0%
Other private individuals $1,150.00 2.0% $650.00 0.4%
Other $15477.86 27.0% $0 0%
Nonmonetary contributions (all by known members of BMCs) $11,074.87 23.4% $967.50 0.5%
Total $57,294.23 100% $174,110.20 100%
Loans repaid: All from real estate and construction interests $0 -- $62,500.00 100%
Loans forgiven: 1 from real estate, 1 from a BMC member $20,000 100% $0 --

Total number of cash contributors:
42 for Yes on P
20 for No on P

All numbers cited on this web page are either quoted directly from campaign disclosure forms or derived from information on those forms. Reasonable effort has been expended to assure accury in derived values such as subtotals, but it is likely that an audit would refine some of the results.

There are also very large apparent issues in the opponents' year-to-date information as supplied on the disclosure forms that introduce uncertainty up to several tens of thousands of dollars in some of the results. The level of confusion in the opponents' forms is so high that it is quite possible for parts of this page's attempts to clarify them to be very substantially mistaken.


Index to subsections on this page


El Dorado Hills Citizens Against Fiscal Risk No on "P"
Measure P Opponents' finances

Scans of opponents' Form 460 and 497 disclosures:

Period Covered Filing Date
first campaign disclosure form (Form 460) 01/01/05 - 09/24/05 09/28/05
second campaign disclosure form (Form 460) 09/25/05 - 10/22/05 10/27/05
first late contribution report (Form 497) 10/31/05
second late contribution report (Form 497)
third campaign disclosure form (Form 460) 10/23/05 - 12/31/05 01/25/06
fourth (final) campaign disclosure form (Form 460) 1/1/06 - 4/30/06 5/2/06

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Yes on Measure P/Yes on Cityhood Committee
Measure P Proponents' finances

 Scans of proponents' Form 460 and 497 disclosures:

Period Covered Filing Date
first campaign disclosure form (Form 460) 01/01/05 - 09/24/05 09/28/05
second campaign disclosure form (Form 460) 09/25/05 - 10/22/05 10/26/05
late contribution report (Form 497) 10/31/05
third campaign disclosure form (Form 460) 10/23/05 - 12/31/05 01/25/06
Committee terminated 12/31/05


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Measure P Proponents & Opponents
Final summary comparison from all Form 460 reports
1/1/05 through 4/30/06
(See notes at end of page about opponents' summary) Proponents
Yes on P		 Opponents, No on P
Reported
in summary data		 Derived
from detail data
Total Contributions Received,
cumulative total as of final report		 $57,294.23 $137,787.53 $174,110.20
Total Expenditures Made,
cumulative total as of final report		 $57,294.23 $190,292.15
total from period reports
$137,787.48
total from YTD summaries 		$192,972.59

$195,524.19 grand total*
* The grand total amount includes a final donation to the EDH Senior Citizens Commissee.
This appears to be a donation of a residual cash balance to close out the No on P Committee's business with a $0 account balance.

See note at end of page about reporting uncertainties.
Final payment of almost all expenses was from contributions received after the election, early finincing was mainly from loans.
2005 reports were difficult to interpret due to their high level of accrued expenses (debts)
Total Contributions Received by 12/31/05 $57,294.23 $65,654 .88 $138,027.60
Total Expenditures Made + Accrued Expenses (Debts)
as of 12/31/05		 $57,294.23 $157,774.52
total from all periods		 $168,928.02
minimum		 $237,739.52
maximum
     Details
Subtotal Proponents
Yes on P		 Opponents, No on P
Reported
in summary data		 Derived
from detail data
Loans received and repaid in full (Schedule B) $0 $52,500 $62,500
Payments made (Schedule E)     through 12/31/05 $57,294.23 $96,192.89 $107,313.81
Accrued expenses (debts) (Schedule F)  12/31/05 $0 $61,614.21 $61,614.21
Payments made by contractors (Schedule G) $0 -- $68,811.50
Outstanding Debts at end of 2005 $0 ($9,114.21) ($61,614.21)
Debts paid, mainly in 2006, as listed in 5/2/06 disclosure - $94,094.34 $94,705.29

Notes on opponents' summary:

It doesn't appear possible to reconstruct the reported Year To Date totals from detail entries in the Form 460 and Form 497 submissions. The largest discrepancy ($72,372.72) appears to be in the YTD contribution total.
In other words, there's a fair bit of confusing stuff in the opponents' Form 460 data. An audit might be of value to clarify the report.


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Opponents' detail data

RECON stands for "Real Estate and CONstruction".

Monetary Contributions
(Schedule A)		 $500 09/07/05 RECON relative Beth Ferry
$1,000 09/07/05 RECON Spence Enterprises
$500 09/07/05 RECON Cemo Commercial, Inc.
$500 09/07/05 RECON Sammy Cemo
$500 09/07/05 RECON Steve Westly Enterprises
$750 09/06/05 RECON All Pro Building Services
$100 09/06/05 Retired,  Check Marvin Smith
$500 09/07/05 Retired,  Check Jay Dennis
$100 09/22/05 Retired, probable RECON Bob Dorr
$1,000 09/26/05 Retired, Check Robert DeRoss
$100 09/28/05 Retired Fred St Jean
$250 10/17/05 Retired, Check Gary Applegarth
$100 10/22/05 Retired, Check Mary Ann Webb
$100 10/15/05 Retired, Check Del Gunter
$20,000 10/31/05 RECON California Alliance for Jobs / Rebuild California Committee
$500 11/03/05 RECON Mark Ferry, Folsom Lake Realty
$150 11/03/05 RECON Folsom Lake Fundring, real estate investment
$100 11/23/05 RECON Jim Miner, Folsom Lake Realty
$100 12/10/05 Retired, check Carol Hodgson
$5,856.02 12/15/05 RECON AKT-Kloss Regas Ranch Investors
    700 College Town Dr, Sacramento
$7,957.54 12/15/05 RECON Valley View Investors
    700 College Town Dr, Sacramento
$3,239.50 12/13/05 RECON Russell-Promontory LLC
    700 College Town Dr, Sacramento
$5,856.02 12/13/05 RECON Regas-Dalton Ranch Prop.
    700 College Town Dr, Sacramento
$431.93 12/03/05 RECON EDH 52
    700 College Town Dr, Sacramento
$17,576.37 12/01/05 RECON Angelo Tsakepoulos Investments
    700 College Town Dr, Sacramento
$100 12/10/05 Retired, check Carol Hodgson
$49,000 12/27/05 RECON Home Ownership Issues Fund of BIA
(Building Industries Association of Superior California)
$20,000 1/17/06 RECON Brookfield Bay Area Holding LLC
(Brookfield Homes)
$153.58 3/10/06 RECON EDH 52
    700 College Town Dr, Sacramento
$1,151.82 3/10/06 RECON Russell Promontory LLC
    700 College Town Dr, Sacramento
$1,597.78 3/10/06 RECON McCarthy Property, real estate investments
    700 College Town Dr, Sacramento
$2,829.36 3/10/06 RECON Valley View Investors LLC
    700 College Town Dr, Sacramento
$2,082.14 3/10/06 RECON AKT Kloss Regas Ranch Invest.
    700 College Town Dr, Sacramento
$2,082.14 3/10/06 RECON Regas Dalton Ranch Prop.
    700 College Town Dr, Sacramento
$2,855.93 3/10/06 RECON Dunlap Property
  700 College Town Dr, Sacramento
$5,534.19 3/10/06 RECON AKT West Valley Investors
  700 College Town Dr, Sacramento
$1,795.66 3/10/06 RECON Deer Creek 608
  700 College Town Dr, Sacramento
$16,000 3/15/06 RECON Lennar Communities Inc.
    1075 Creekside Ridge Dr. #110
 Roseville
$172,949.98 Total
Loans, all repaid 12/05
(Schedule B)		 $20,000 10/1/05 RECON Bob Spence
$20,000 10/1/05 RECON Sammy Cemo
$10,000 10/1/05 RECON Windplay Business Center, contractor
$2,500 10/15/05 RECON Committee To Elect Joe Harn
$10,000 10/28/05 RECON Sammy Cemo
$62,500 Total
Nonmonetary Contributions
(Schedule C)		 $37.75 08/22/05 Retired, probable RECON Bob Dorr
$58.98 08/22/05 Retired, probable RECON Bob Dorr
$95.99 08/26/05 Retired, probable RECON Bob Dorr
$967.50 10/26/05 Retired, check Jay Dennis
$1,160.22 Total
Payments
(Schedule E)
    or (Schedule F where
    background is shaded)		 $321.75 before 9/24/05 Resco Printing, Placerville
$22,190 9/25/05 <> 10/22/05 Palisades Media Group Inc. (television)
$650.00 9/25/05 <> 10/22/05 Novi Dot Com (web hosting)
$10,331.06 9/25/05 <> 10/22/05 Joaquim Ross Media (television)
$30,000.00 10/23/05 <> 12/31/05 Palisades Media Group (television)
$20,000.00 10/23/05 <> 12/31/05 Palisades Media Group (television)
$12,700.00+1 10/23/05 <> 12/31/05 David Binder Research (polling)
$1,995.53 10/23/05 <> 12/31/05 Urban Art Lithograph (literature)
$9,125.47 10/23/05 <> 12/31/05 Mailrite Printing & Mail Inc.
$465.00 1/1/06 <> 4/30/06 Pac Sat (print ads)
$2,031.09 1/1/06 <> 4/30/06 Urban Art Lithography (print ads)
$9,089.71 1/1/06 <> 4/30/06 Mailrite (print ads)
$5,667.60 1/1/06 <> 4/30/06 Urban Art Lithograph (literature)
$3,099.90 1/1/06 <> 4/30/06 Urban Art Lithograph (literature)
$254.20 1/1/06 <> 4/30/06 Digital Tractor (literature)
$15,000.00 1/1/06 <> 4/30/06 Ross Communications (literature)
$4,214.40 1/1/06 <> 4/30/06 Mailrite (literature)
$1,318.20 1/1/06 <> 4/30/06 Digital Tractor (literature)
$5,771.09 1/1/06 <> 4/30/06 Urban Art Lithography (literature)
$15,887.90 1/1/06 <> 4/30/06 Mailrite Print (literature)
$686.37 1/1/06 <> 4/30/06 Digital Tractor (literature)
$3,552.30 1/1/06 <> 4/30/06 Mailrite (literature)
$7,500.00 1/1/06 <> 4/30/06 Urban Art Lithography (literature)
$4,873.04 1/1/06 <> 4/30/06 Mailrite (literature)
$1,995.50 1/1/06 <> 4/30/06 Urban Art Lithography (literature)
$4,252.48 1/1/06 <> 4/30/06 Mailrite (literature)
$2,551.60 1/1/06 <> 4/30/06 EDH Senior Citizens Committee (donation)
[Not a debt, presumably donation of cash in excess of debts due to close out the No on P Committee's business.]
 $192,972.59 Total for purposes of analyzing campaign expenditures
$195,524.19 Grand Total including the closeout donation
Accrued Expenses (debts)
Schedule F,
as of 12/31/2005
 Initial balance Outstanding balance
on 12/31/05
$12,700 accrued < 9/24/05
paid after 10/22, before 12/31		 David Binder Research
$15,000 $15,000 Ross Communications (campaign consultants)
$465.50 $465.50 PACSAT (literature)
$1,956.74 $1,956.74
accrued 9/25/05 <> 10/22/05
 Digital Tractor, (literature)
$18,529.78

No report except via Sch. F summary:
[+ $4,026.75]		 $20,560.98

original amount accrued 9/25/05 <> 10/22/05

 No report except in Sch. F summary for 2nd accrual;10/23/05 <> 12/31/05  period shows initial balance $22,556.51
No report in Schedule E of payment shown in Schedule F for 10/23/05 <> 12/31/05, $1,995.53		 Urban Art Lithograph (literature)
$32,756.46 $23,630.99

No report of original accrual
Balance shown as $32,756.46
at start of 10/23/05 <> 12/31/05 period
One payment  10/23/05 <> 12/31/05 of
$9,125.47		 Mailrite Printing & Mail Inc.
$83,478.49  $61,614.21   Total
Payments by agent or independent contractor
(Schedule G)		 $18,861.5 9/25/05 <> 10/22/05 Comcast (television)
$34,000 10/23/05 <> 12/31/05 Comcast (television)
$1,400 10/23/05 <> 12/31/05 KMAX-TV (television)
$7,050 10/23/05 <> 12/31/05 KOVR-TV (television)
$7,500 10/23/05 <> 12/31/05 KXTV-TV (television)
$68,811.50 Total
Net results reported as of 12/31/05
Payments by Committee
                 +
 Payments by contractors		 $176,125.31 Total through 12/31/05
Monetary donations
                 +
Nonmonetary donations		 $138,027.60 Total through 12/31/05
Net deficit ($38,097.71)

Final net results, from report in May, 2006
Total payments $192,972.59 See note below on accuracy of results.
Total donations $174,110.20
Net balance ($18,862.39)

Note on uncertainties in opponents' reports:

Final results for the No on P Committee have a discrepancy of nearly $20,000. This at least reduces themuch  larger degree of uncertainty apparent in inconsistencies within their 2005 filings.

When the No on P Committee shut down at the end of April, 2006 its accounts necessarily would have been balanced. The numbers immediately above are derived from manually totalling amounts in detail reports, which are essentially general ledger entries. My own calculations could have clerical errors or misinterpretations of Form 460 and Form 497 contents that appeared to be self-inconsistent in 2005. Calculation was difficult in 2005 due to the early financing being mainly in loans, so that substantial amounts were booked as accrued expenses until the committee shut down at the end of April, 2006.

In this table several numbers in the expenditure detail listing were rounded down to the nearest dime. This is because the copy of the final Form 460 made by the Elections Department was slightly off register and did not reproduce the final digit.

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