May 24th, 2010
01:45 PM ET
13 years ago

RNC document reveals bleak financial standing

[cnn-photo-caption image= caption ="An internal RNC document obtained by CNN reveals the organization has far less cash on hand than it has had in previous election cycles."]Washington (CNN) - An internal Republican National Committee document obtained by CNN paints a damning picture of the committee's financial standing compared to the past five election cycles.

The document, pulled together during a recent review sparked by concerns over RNC spending practices, said the committee had $12.5 million in cash on hand at the end of April.

Read the RNC document here [pdf]

By comparison, the average cash on hand at the end of April from 2002-2009 was $40.4 million. And that average includes the odd numbered years when there are fewer election contests.

Looking only at even-numbered years, this year's $12.5 million end of April COH is less than one-third the amount the RNC had on hand on April 30 for the 2002 ($47 million) and the 2006 ($44.6 million) midterms.

To be fair, there was a Republican president in those years, and the GOP controlled Congress, so fund-raising was less of a challenge. Still, the giant gap in the RNC's financial standing compared to past cycles is a source of considerable grumbling among party leaders and activists who worry the GOP is not fully prepared to take advantage of a campaign year in which most of the fundamentals suggest huge Republican openings.

The internal RNC document also shows how this April was the first month in a year in which RNC disbursements were below $6 million. Average monthly spending by the RNC was $9.3 million, ranging from a high of $16.7 million in October 2009 (the month before governor's races in New Jersey and Virginia) to $5.7 million last month.

The Democratic National Committee says brought in $10.4 million dollars last month. The DNC also reports $15.1 million cash on hand, with $2.7 million in debt.

Filed under: JKUSA • John King USA • Popular Posts • RNC
soundoff (42 Responses)
  1. Bill Briscoe

    They really should keep better track of the money they spend on strippers and sex shows. If they did they wouldn't fall below the level they spent on strippers and sex shows during the Bush administration...sloppy book keeping nothing more.

    May 24, 2010 03:00 pm at 3:00 pm |
  2. Incredulous

    Contribute to the RNC? Just say NO!

    May 24, 2010 03:00 pm at 3:00 pm |
  3. Frank in valparaiso indiana

    Guess the RNC is writing the sequel to The Happy Hooker.

    May 24, 2010 03:05 pm at 3:05 pm |
  4. Larry

    Save your money RNC. No one in their right mind will vote Republican in November anyway.

    May 24, 2010 03:07 pm at 3:07 pm |
  5. T'SAH from Virginia

    Oops, meant to say – "Give another NUDEY party but this time – charge to get in!!!! LOL

    May 24, 2010 03:11 pm at 3:11 pm |
  6. JonDie

    "To be fair, there was a Republican president in those years, and the GOP controlled Congress, so fund-raising was less of a challenge."

    "To be fair?" Now that Democrats are in charge Republicans should be able to raise MORE, not less, cash.

    May 24, 2010 03:11 pm at 3:11 pm |
  7. tweety

    ......Because the Republicanknuckleheads are out numbered.

    This party is doomed. Its like listening to Grandmother rank and rave, while the rest of us are going...okay....grandma....yes grandma....oh you are so right go take a nap.

    Oh, and Grandma is a brown people hater...big surprise there.

    Listening to Republicans is difficult. They should stick to just talking to each other, my ears hurt enough enduring my senoir relatives and their oh so right opinions.

    Is it awful to be grateful that these people and their opinions will soon die off?

    May 24, 2010 03:11 pm at 3:11 pm |
  8. Michael

    BP needs all the money they have for the cleanup.
    Halliburton might be sued too.

    They can ask Rush, Glen and Palin for some money. They made enough.

    May 24, 2010 03:15 pm at 3:15 pm |
  9. Dominican mama 4 Obama

    RNC document reveals bleak financial standing

    Why would anyone be surprised at this 'finding'? They left the ENTIRE country in bleak financial standing, why should their little chump change budget fare any better?

    And there are actually people out there who want the GOP to take "their" country back. Yeah, right back over the edge into TOTAL collapse.

    May 24, 2010 03:26 pm at 3:26 pm |
  10. Gary N

    I am downright disgusted with the way the media reports on political party funds. Why does it matter, is money worth more than message? Is there no decency in the press to put the dollars aside and actually focus on something that is pertinent to the nation? I do not care about party funds, I care about the values and the message. Apparently the press only cares about the dollar sign. I say screw it all and reform elections to the point that it doesn't matter how much is in the "war chest". It should matter what they stand for, not how much they charge for a small dinner and a few minutes walking around and shaking hands.

    May 24, 2010 03:30 pm at 3:30 pm |
  11. Ken in NC

    Way ta go Republicans............Spend Baby Spend and keep those family values in mind while you are down at the Gay and Lesbian Club with your clients.

    May 24, 2010 03:33 pm at 3:33 pm |
  12. Brenda

    As MANY have said many times--each time this issue comes up.........

    The majority of people who are supporting Republican candidates--are donating directly to the campaigns of the candidates--not to the RNC.

    How many times do we need to say this???

    May 24, 2010 03:35 pm at 3:35 pm |
  13. BillE

    How will they ever pay for those bondage club memberships?

    May 24, 2010 03:37 pm at 3:37 pm |
  14. sharon

    did the tea party folks go and get all their $$$$$$$$????????

    May 24, 2010 03:41 pm at 3:41 pm |
  15. Dale

    Too many trips to the strip club, I would guess.

    May 24, 2010 03:42 pm at 3:42 pm |
  16. ATL Guy

    The Republicans can't control their own finances, yet they want to run the country? What a joke!!!!

    May 24, 2010 03:46 pm at 3:46 pm |
  17. GOP = "I hope he fails"

    OH YEAH!! The fiscal responsibility boys strike again. Physician heal thyself.

    May 24, 2010 03:46 pm at 3:46 pm |
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