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Obama Campaign Still Fundraising in First Quarter

The Obama presidential campaign was still raising funds during the first quarter of 2013 from individuals, sold lists and equipment to the 2013 inaugural committee, and has $3 million in cash on hand and $3.1 million in debts outstanding.

The Obama for America committee reported receipts of $4,371,506 and disbursements of $7,082,645 during the first quarter, leaving $3,101,118 in cash on hand as of March 31, and $3,101,118 in debts. The committee received $1,950,000 from its joint fundraising committee, Obama Victory Fund 2012. The committee received $383,051 from the Presidential Inaugural Committee 2013 for list rental and equipment purchases. The committee received $1,896,503 from refunds, rebates and reimbursements, such as $926,087 from GMMB (DC) and $457,812 from Bully Pulpit Interactive LLC. The committee paid $1 million for media production; $1 million for telephone; $467,534 for insurance; and $428,185 for travel/lodging. The committee has $3,101,118 cash on hand as of March 31.

The Obama Victory Fund 2012, a joint fundraising committee, reported receipts of $3,192,387 during the first quarter. It included $2 million from contributions of $200 or less. The committee transferred $1,950,000 to Obama for America; $195,000 to the DNC, and smaller amounts to state party committees. The committee paid the DNC Travel Offset Account $235,469 for presidential travel. The committee has $463,512 in cash on hand as of March 31.

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