Tuesday, July 05, 2011

The Tory Fundraising Juggernaut Rolls On

TheTories raised 7.4 million dollars in the first quarter of 2011. They apparently already had 7.2 million in the bank at the end of last year. I am sure the second quarter will reveal huge results. it will be interesting to see if the Tories can keep this up until the end of the year.


Conservatives have $7.2-million in bank: Elections Canada
The Conservative Party has $7.2-million in the bank, as of Dec. 31, 2010, according to the party’s annual financial transaction return filed with Elections Canada and released yesterday.
By BEA VONGDOUANGCHANH
Published July 5, 2011 11:25 AM


The Hill Times photograph by Jake Wright
Prime Minister Stephen Harper, pictured at the Conservative convention in Ottawa last month.
The Conservative Party has $7.2-million in the bank, as of Dec. 31, 2010, according to the party’s annual financial transaction return filed with Elections Canada and released yesterday.
The return, prepared and audited by Deloitte and Touche, shows that the Conservatives have $7,264,198 in cash and cash equivalents. The party also has $2.8-million in capital assets, including computer equipment, furniture and equipment, leased equipment, leasehold improvements, and assets under development

The statement also shows the party’s revenues and expenses from 2010. Last year, the Conservatives received more than $29-million and spent more than $22-million. The Conservatives received $17,408,565 from donations and contributions, $10,430,835 in per-vote-subsidies from the government, $1,187,967 in membership fees and $194,837 from “other” sources.

Last year, the Conservatives spent only $552,771 on advertising, compared to the $4.7-million in 2009, most of which went to television ads against then Liberal leader Michael Ignatieff.

In addition, the party spent $7.2-million on their donation and contribution activities, and $38,102 on fundraising activities. The party spent $311,623 on polling and $331,511 on research. Travel and hospitality accounted for $532,783. In the “other” category, which includes tour, meetings and conferences and miscellaneous, the party spent $398,014. Salaries and benefits took up 23 per cent of expenses at $5,004,634.


In 2009, the party received a similar amount of money, but spent almost $5-million more.

All returns were supposed to be filed with Elections Canada by June 30. The NDP and seven other smaller parties asked for an extension, which was granted. The Greens and the Bloc Québécois also filed on time. The Liberal Party filed on time, but their return is not yet posted on Elections Canada’s website.

4 comments:

MIkhael said...

If they want to keep it up, they better start acting conservative, not Liberal-lite.

Quit wasting money in Libya. Cut down our government size in a meaningful way, and make damn sure they keep their promises on the Gun Registry without creating new problems with new restrictions.

What about our Stalinist Human Rights Commission - when are those going to be reduced or removed?

The small donors, like me, that have given these millions because we believe that Liberal government is a disaster, and want some rollback of the Liberal legacy, are watching and waiting. I worry that Harper is getting a bit too comfortable and arrogant in power, and forgot why he got there.

Anonymous said...

I agree Mlkhael As of the beginning of June the Conservatives have received the LAST
donation from me . If there are no cuts to CBC, a slow down on BS green projects and quit kissing quebecs a$$ they will not receive my vote in the next election. They are giving credence to the line that "all political parties are basically the same self serving SOB's.

Rob C.

Anonymous said...

I stopped donating right after the election. Time for the CPC start to deliver before they get another dime.

oxygentax said...

While the pet projects of the other three commenters do need to be looked after, the fact is that the government's can't look after everyone's pet projects all at once. Seriously, what are they going to do for their 4th term if they solve all the problems now? Realistically, they are giving more freedom to Western farmers, moving to kill the gun registry and forcing deputy ministers to prepare plans for 5% and 10% cuts to their departments. Funding cuts will be gradual rather than immediate and severe - if they happen at all.

But that's okay - you folks keep your money if you don't like what you see. There're plenty more people that are seeing their pet projects being looked after and will happily contribute in your place.

I Support Lord Black