Unfrotunately for Mr. Renfro and PCREC Chairman JJ Beyrouti, the latest fundraising report for the Pinellas GOP clearly shows that the party’s finances are not in sound shape.
According to the latest fundraising reports filed with the Supervisor of Elections, the PCREC raised just $6,946 during the last quarter — the party’s lowest quarterly total in nearly a decade. Despite the paltry fundraising number, the party’s spending actually increased from the last quarter, with expenditures amounting to more than $18,710.
That’s right, the Pinellas GOP spent three times more than what it raised last quarter, almost a year before the elections.
The party’s prolifigate spending under Beyrouti has left the Pinellas GOP with less than $11K in cash-on-hand — a reserve that will, if current spending patterns continue, run dry within two months.
Compare the PCREC’s fundraising and spending with the party’s efforts at this point in the 2008 election cycle.
4Q fundraising:
2007 – $30,375
2009 – $ 6,946
YTD fundraising:
2007 – $238,567
2009 – $132,024
Expenditures:
2007 – $171,455
2009 – $121,941
Cash-on-hand as of 12/31:
2007 – $67,122
2009 – $10,083
Accorind to Beyrouti, “this operation is running perfectly.” Is raising $100K less than the party did two years ago an operation running perfectly? Does having 20% of the cash-on-hand the party had at this point in the 2007 election cycle appear like the operation is running perfectly?
The Pinellas Democratic Party reports raising $2,265 during the 4Q, spent $8,447 and has $4,323 cash-on-hand.
As for other county-wide races:
Calvin Harris raised $5,475 during the 4Q and has $5,275 left-on-hand.
Beverly Biliris raised $7,950 during the 4Q and has $13.800 left-on-hand.
