Brian Davis's nomentum; or, the loan that won't die

In the short pre-primary period, the Brian Davis campaign took in $95,397.50, $88,798.00 of which were from individual contributions. Of the rest, $2350.00 was from party committees, $1500.00 from PACs, and $2749.50 from the candidate himself.

And then there's the matter of the "revolving" loan.

If we're reading the report correctly, on July 15,  the committee paid back the $124,000 that Davis had loaned to himself. Davis once again loaned the committee $124,000 on August 20.  By this fiscal ring-around-the-rosy, Davis took in $219,407.92 in receipts. (See Line 16 in the detailed summary).

To the naive, that might seem like Davis came close to Walz's total receipts of $255,850.27, but that picture is misleading.

What actually happened was that the endorsed candidate set a goal of $250,000 and missed by $150,000. This failure made the re-establishment of the loan imperative.

Another thing: the committee spent $165,542.0, and owes $1576.50 to vendors. Thus, the committee's cash in hand went from $381,218.72 at the beginning of the period to $311,084.63. 

Without the loan that can't really go away--from Davis's personal funds and a line of credit on his house--the campaign would have $187,084.63 cash on hand, compared to the debt-free Walz committee bank account of $1,263,829.22.

Bottomline: Davis took in $88,798.00 from individuals during this reporting period.

By contrast, Congressman Walz took in $157,664.45 in individual contributions.  We hope we hear a lot less about the grassroots support the Davis campaign is gathering and honest appraisals of the figures in the press.

Davis's detailed summary page:

	Column A This Period	Column B Election Cycle-To-Date	Column C Post-Election
I. RECEIPTS
11. Contributions (other than loans) From:
(a) Individuals/Persons Other than Political Committees
(i) Itemized	67039.00
(ii) Unitemized	21759.00
(iii) Total Of Contributions From Individuals	88798.00	489327.05	0.00
(b) Political Party Commitees	2350.00	15000.00	0.00
(c) Other Political Committees (such as PACS)	1500.00	22500.00	0.00
(d) The Candidate	2749.50	63363.76	0.00
(e) Total Contributions (11(a)(iii) + (b) + (c))	95397.50	590190.81	0.00
12. Transfers From Other Authorized Committees	0.00	0.00	0.00
13. Loans
(a) Made Or Guaranteed By The Candidate	124000.00	248000.00	0.00
(b) All Other Loans	0.00	0.00	0.00
(c) Total Loans ((a) + (b))	124000.00	248000.00	0.00
14. Offsets to Operating Expenditures (Refunds, Rebates, etc)	0.00	0.00	0.00
15. Other Receipts	10.42	12.63	0.00
16. Total Receipts (11(e) + 12 + 13(c) + 14 + 15)	219407.92	838203.44	0.00
II. DISBURSEMENTS
17. Operating Expenditures	165542.01	403018.81	0.00
18. Transfers to Other Authorized Committees	0.00	0.00	0.00
19. Loan Repayments:
(a) Of Loans Made or Guaranteed by the Candidate	124000.00	124000.00	0.00
(b) Of All Other Loans	0.00	0.00	0.00
(c) Total Loan Repayments ((a) + (b))	124000.00	124000.00	0.00
20. Refunds of Contributions To:
(a) Individuals/Persons Other Than Political Committees	0.00	0.00	0.00
(b) Political Party Committees	0.00	0.00	0.00
(c) Other Political Committees (such as PACs)	0.00	0.00	0.00
(d) Total Contribution Refunds  (28(a) + (b) + (c))	0.00	0.00	0.00
21. Other Disbursements	0.00	100.00	0.00
22. Total Disbursements (17 + 18 + 19(c) + 20(d) + 21)	289542.01	527118.81	0.00
III. CASH SUMMARY
23. Cash On Hand At Beginning Of Reporting Period	381218.72
24. Total Receipts This Period (line 16)	219407.92	838203.44	0.00
25. Subtotal (23 + 24)	600626.64
26. Total Disbursements This Period (line 22)	289542.01	527118.81	0.00
27. Cash On Hand At Close Of The Reporting Period (25 - 26)	311084.63

And since bedtime is nigh, a  favorite lullaby from Gorillas: