PRESIDENT
George W. Bush

Total Receipts: $193,088,650
Total Spent: $185,921,855
Cash on Hand: $7,201,734

All the data on this page is based on Federal Election Commission data released on January 3, 2002, except for "Quality of Disclosure," which is based on data released on October 1, 2001. Totals include all committees, both for the primaries and the general election.

Source: opensecrets

WHO OWNS YA BABY?

Compliance Funds
A little-known but lucrative loophole in the presidential funding system is the use of what is called General Election Legal and Accounting Compliance funds (GELAC). Under FEC regulations, campaigns may raise money through these "compliance funds" to pay for lawyers and accountants hired to comply with federal campaign finance reporting requirements. The money also can be used to pay for a variety of fund-raising, payroll and overhead, and computer expenses related to fulfilling these requirements.
Major party nominees who accept public funds cannot accept private contributions for their general election campaigns (except to compensate for a shortage of public funds). Compliance expenses are exempt from all expenditure limits. Practically speaking, establishing a compliance fund allows the campaign to collect an extra $1,000 from donors who have already given the maximum $1,000 to the main campaign committee for the primary election. The money may not legally be used until after the parties' nominating conventions, although in certain circumstances, candidates may borrow from their compliance fund to defray general election expenses incurred before the nomination. If the candidate does borrow from the compliance fund, he or she must reimburse that account upon receipt of public funds for the general election. If the candidate fails to win the party's nomination, the money must be returned to the donors.