State of West Virginia Campaign Financial Statement
(Long Form) in Relation to the 2006 Election Year

Candidate or Committee Name
PAC 51
Candidate or Committee's Treasurer
Patrick Lane
Political Party (for candidates)
Treasurer's Mailing Address (Street, Route, or P.O. Box)
94 Presidio Pointe 
Office Sought (for Candidates)
City, State, Zip Code
Cross Lanes, WV 25313
Daytime Phone #

Election Cycle Reporting Period (check one):

Primary - First Report
Due Mar 25-Mar 31, 2006
Pre-primary Report
Due Apr 22-Apr 29, 2006
Post-primary Report
Due Jun 03-Jun 09, 2006
General - First Report
Due Sep 02-Sep 08, 2006
Pre-general Report
Due Oct 21-Oct 28, 2006
Post-general Report
Due Dec 02-Dec 08, 2006

Check if Applicable:

Amended Report
You must also check box of appropriate reporting period
Final Report
Zero balance required.
PAC must also file Form F-6 Dissolution

Non-Election Cycle Reporting Period:

Annual Report 2006 Calendar Year
Due last Saturday in March or within 6 days thereafter

Report Totals

Fill in totals at the completion of the report.

RECEIPTS OF FUNDS: Totals for this Period
Contributions  $200.00
Monetary Contributions from all Fund-Raising Events +$2,878.00
Receipt of a Transfer of Excess Funds +$100.00
Total Monetary Contributions: =$3,178.00
In-Kind Contributions +$210.34
Total Contributions: =$3,388.34
Other Income  $0.00
Loans Received +$0.00
Total Other Income: =$0.00
Unpaid Bills  $0.00
Outstanding Loans +$0.00
Total Debts: =$0.00
(Add total contributions from all reports)
Beginning Balance
(ending balance from previous report)
Total Monetary Contributions +$3,178.00
Total Other Income +$0.00
Subtotal: a. =$5,787.56
Total Expenditures Paid  $568.44
Total Disbursements of Excess Funds +$0.00
Repayment of Loans +$0.00
Subtotal: b. =$568.44
Ending Balance:
(Subtotal a. - Subtotal b.)

*Cannot be negative balance
(Add total expenditures from all reports)

$250.00 or LESS

8/31/2006Walter E. Duke$200.00
 Subtotal of contributions of $250.00 or less$200.00

More than $250.00

 Subtotal of all contributions of more than $250.00
Subtotal of all contributions of $250 or less
Total Contributions:

Fund-Raising Events

All monetary contributions received at a fundraiser must be reported in the Event Summary below.
If contributor's name and amount are not listed, the contribution must be turned over to the West Virginia General Revenue Fund. The only exception to this rule may apply to political party executive committees. (WV Code 3-8-5a).

PAC51 event honoring Charles S. Trump IV Event Summary

Date of Event: 9/12/2006 Total Monetary Contributions:  $2,878.00
Type of Event: Event to honor retiring Monority Leader Trump Total Expenditures: -$568.44
Name of Place Held: Coonskin Park Clubhouse NET RECEIPTS: =$2,309.56
Address of Place Held: Coonskin Park
Charleston , WV 25304
Total In-Kind Contributions Related to the Fundraiser  $188.51

$250 or Less

9/12/2006Deborah Stevens$50.00
9/12/2006Plants for Senate Comm.$50.00
9/12/2006Mitch Carmichael$50.00
9/12/2006Chuck Carpenter$20.00
9/12/2006Jack Fincham$20.00
9/12/2006Judy Romano$13.00
9/12/2006Nancy M. Kogoy$25.00
9/12/2006Terrishie L. Funk$50.00
9/12/2006R. N. Walters$250.00
9/12/2006Tim Armstead$50.00
9/12/2006James G. Peterson$50.00
9/12/2006Thomas Mike Porter$50.00
9/12/2006John Overington$50.00
10/6/2006Norfolk Southern Good Gov’t. Fund$250.00
 Subtotal of event contributions of less than $250.00 $978.00

More than $250

9/12/2006 Full Name:  Larry Pack
Address:  Resident
2146 Presidential Drive
Charleston , WV 25314

Contributor's Job: (individual contributor only)  Certified Public Accountant
Where Contributor Works: (individual contributor only)  Pack, Lombardi, and Burdette
Affiliation: (political committee only)  businessman
9/12/2006 Full Name:  James Harless
Address:  Resident
P.O. Box 1210
Gilbert, WV 25311

Contributor's Job: (individual contributor only)  businessman
Where Contributor Works: (individual contributor only)  self employed
Affiliation: (political committee only)  coal mine owner
9/12/2006 Full Name:  Cecil Underwood
Address:  Resident
1578 Kanawha Blvd., E.
Apt. 1-C
Charleston, WV 25311

Contributor's Job: (individual contributor only)  retired
Where Contributor Works: (individual contributor only)  retired
Affiliation: (political committee only)  former governor
 Event contributions of $250 or more: 
Event contributions of less than $250: 
Total Contributions: 

Other Income: Interest, Refunds, Miscellaneous Receipts

DateSource of IncomeType of ReceiptAmount
  Total Other Income: $0.00

In-Kind Contributions

DateName and Contributor InformationDescription of ContributionValue
9/12/2006Larry Borderfood, soft drinks, paper products, etc.$138.26
9/12/2006Allen Evansfood$50.25
8/30/2006Walter E. Dukeovernight charges for sending forms to Sec. of State’s office$21.83
  Total In-Kind Contributions: $210.34


West Virginia Code: §3-8-5f. Loans to candidates, organizations or persons for election purposes.

"Every candidate, financial agent, person or association of persons or organization advocating or opposing the nomination or election of any candidate or the passage or defeat of any issue or item to be voted upon may not receive any money or any other thing of value toward election expenses except from the candidate, his or her spouse or a lending institution. All loans shall be evidenced by a written agreement executed by the lender, whether the candidate, his or her spouse, or the lending institution. Such agreement shall state the date and amount of the loan, the terms, including interest and repayment schedule, and a description of the collateral, if any, and the full names and addresses of all parties to the agreement. A copy of the agreement shall be filed with the financial statement next required after the loan is executed."

The loan agreement must include all items asked for in the statute. (See above.) The loan agreement does not have to follow a certain format; generally, if all the required information is listed, any format is acceptable. Candidates or political committees that take out a loan for the campaign through a bank or other commercial lending institution must include a copy of the loan agreement executed with that bank or institution. Candidates should not take out loans which are partially for personal use and partially for the campaign. It is almost impossible to keep reporting straight in this case. Any money a candidate contributes to his or her campaign committee with the hope of repayment must be treated as a loan and reported in this section. When a candidate determines that no further repayment can be expected, the loan can be reported as repaid in this section by entering the amount left to repay in the repayments column and reporting the same amount as a contribution from the candidate on Page 2. These loans must be executed in writing. Caution: Candidates may not carry outstanding loans from one campaign to the next. Each campaign is separate. Funds from a current campaign cannot be used to repay a loan from a previous campaign.

How To Report Loans

  1. Each loan for your campaign should be listed on a separate line. (Each time you loan money to the campaign or get a loan, it is considered to be a separate loan.) Include the following information ont he form below.
    1. loans(s) from prior reporting periods and the balance of each loan (Col A.) If a payment was made on the loan, list that in Col. C. Any loan that was repaid in previous reporting periods does not need to be listed.
    2. new loans, the amount (Col. B), any repayments (Col. C), and the balance (Col. D.)
  2. Attach a copy of the loan agreement for each loan received during the reporting period.

Loans (Continued)

Bank Loans: List name & address or financial institution
Candidate or Candidate's Spouse Loans: List name, residence and mailing address of person(s) making or cosigning loan
Column A
Balance of previous loan at end of period
Column B
Amount of new loan received during period
Column C
Repayments during period
Column D
Balance outstanding at end of period
Amount Date Amount Date Amount Amount
Loans Received Repayment of Loans Outstanding Loans
Totals: $0.00 $0.00 $0.00

Itemized Expenditures

DateName of Person or Vendor And AddressPurposeAmount
9/29/2006 Kanawha Parks and Recreation Commission
2000 Coonskin Drive
Charleston, WV 25301
Rent/Decorate hall (public meeting/fundraiser)$265.00
10/1/2006 Craig Blair
167 Wasser Drive
Martinsburg, WV 25401
Reimbursement for lawful expenditures$108.44
10/1/2006 Craig Blair
167 Wasser Drive
Martinsburg, WV 25401
Postage for political purposes$195.00
  Total Expenditures: $568.44

Receipt of a Transfer of Excess Funds

DateCandidate Committee Name and YearAmount
9/12/2006Tim Armstead (2004)$100.00
 Total Receipts of Transfer of Excess Funds: $100.00

Disbursement of Excess Funds

DateName of candidate committee and election year disbursing excess fundsPurpose of DisbursementAmount
  Total Disbursement of Excess Funds: $0

Unpaid Bills

DateGroup or Firm AffiliationPurposeAmount
  Total Unpaid Bills: $0.00

Office Use Only
Filed With West Virginia Secretary of State
Saturday, October 28, 2006 9:49:49 PM