This has taken longer to write than I had anticipated, and is less interesting than I had hoped. I will do my best to keep my opinions to myself, and just report the facts as taken from the candidates reports.
Lets start with Front runner
David Vitter, an incumbent United States Senator. Due to restrictions on use of funds raised for Federal office, he starts 2014 with a zero balance. You can see from the summary page that his annual report shows $4,107,597.72 total receipts and $600,212.83 total disbursements. Taking out $3,210.75 worth of in-kind contributions, he closes 2014 with $3,504,174.14. In addition to the in-kinds, we need to take out $391.13 in "Other Receipts" (apparently refunds in this case) to arrive at the $4,103,995.84 figure for "Contributions" reported on line 1 of his summary page.
The Summary Page also shows that $80,000.00 came from Political Action Committees and $708,600.00 from the sale of tickets to fundraising events. Things of value received by the Campaign are reported on three schedules. Schedule A-1 is for Contributions, A-2 is for In-Kind Contributions and A-3 is for Other Receipts. The $3,210.75 reported on Schedule A-2 (page 949 of his report) appears to indicate supporters paying portions of the fundraising expenses. (I have complained about this method of reporting because it does not indicate who was paid, but Ethics has accepted this as an in-kind contribution for years.)
The spreadsheet includes in-kind contributions and other receipts and I have not removed them for the following calculations. Of his $4,107,597.72 total receipts $3,543,940.42 come from Louisiana and $563,657.30 come from out of state. His two largest, at $10,000.00 each, appear at first glance to exceed the $5000 limit, however his "Other Disbursements" indicate the excess was refunded.
He also reports 24 "ANONYMOUS CONTRIBUTION"s (using a PO box in DC) totalling $2,845.00. The dates range from 9/10 through 12/30, and all but one (on 10/10/2014 for $2,600.00) $100 or less, most in the single digit range. Candidates are required to turn funds from anonymous sources over to the State Treasurer. The Candidates Report Form provides Schedule F for Anonymous Contributions. The Candidate reports the amount, date received, and date transmitted to the state treasurer. Reporting on Schedule A-1 indicates that the Campaign still has the funds. I could find no expenditure to the State Treasurer. A cursory search of the Campaign Finance Disclosure Act did not yield a deadline for doing so, and I can't see a $3000 mistake in a $4 million campaign causing a lot of trouble.
So that's where the money came from. Where did it go? Well, $268,588.69 of it stayed in Louisiana, the rest went out of state. What was it used for? Fundraising costs, including consulting and catering, account for $161,565.88. There is also $4,067.35 for Food & Beverage, $37,560.69 for Travel and $298.30 for Parking, most (if not all) of which appears to be related to fundraising, which would give us $203,492.22 (or almost 34% of his total disbursements) going to fundraising. He also reports "DIRECT MAIL COST" of $141,610.79 and "POSTAGE" of $18,627.82 for a total of $160,238.61 mailing stuff, much of which we can assume was related to fundraising, bringing that total to $301,849.40. We are now at over half of his disbursements for fundraising. He also reports "COMPUTER EXPENSE" of $7,200.00, "ELECTRONIC MEDIA EXPENSE" of $59,561.85 and "WEBSITE COST" of $21,747.25 or $88,509.10 for running a 21st Century campaign.
So far we have accounted for $390,358.50 of his $553,437.83 general expenditures. MEDIA EXPENSE of $6,544.77, $27,000.00 for "CAMPAIGN STRATEGY," $9924.88 for OFFICE EXPENSE & RENT and $489.43 TELEPHONE bring us to $434,317.58. The remaining $119,120.25 is reported in categories like "ACCOUNTING SERVICES," "BANK CHARGES," "BANNERS," "COLLATERAL," "CREDIT CARD PROCESSING FEES," "LEGAL FEES," "LUNCH REIMBURSEMENT," "MEMBERSHIP DUES," "SPONSORSHIP," and "T-SHIRTS."
That leaves us with $46,775 Other Disbursements on Schedule E-2, all of which are described as "REFUND OF CONTRIBUTION." I already mentioned two $10,000 contributions, and there was another for $5200. The excess of those were refunded. There were four contributors who did not exceed the limit, but had their entire contribution refunded. The remaining refunds were to contributors who made multiple contributions and exceeded their limits along the way. The excess was refunded.
Next we will look at State Representative
John Bel Edwards, the only Democrat in the race (so far.)