An analysis of Federal Election Commission reports by CD-1 candidates shows some interesting financial trends taking place.
Looking exclusively at the first quarter period of time, we calculated daily earn and burn rates for each of the campaigns effective March 31st. There were 91 days in 1Q.
These rates have been adjusted based on the number of days the campaign has been operating for the 1st quarter period of time. In addition, we calculated the burn rate for each candidate to the Primary Election date. There are 152 days until the Primary Election from March 31st. This is the amount of money the campaign has left to spend on a daily basis to get to August 30th leaving no money left in the bank.
For this assessment, it should be noted that the FEC shows no 1Q report for Shawn Redd. Also, Wendy Rogers has been in the race for 78 days and Carlyle Begay has only been in the race 22 days.
Here are the numbers:
|Campaign||Raised 1Q||Days in 1Q||Earn Rate 1Q||Spent 1Q||Burn Rate 1Q||Earn vs Burn Gap||Cash on Hand 1Q||Days to Primary||Burn Rate to Primary Election|
As a prior post pointed out, Paul Babeu has the highest burn rate followed by Gary Kiehne. Excluding Begay’s campaign due to the short period of time, both Wendy Rogers and Ken Bennett have the lowest burn rates. [pullquote align=”left” cite=”” link=”” color=”” class=”” size=””]For the entire quarter, Wendy Rogers was the most frugal candidate while Paul Babeu was the biggest spender.[/pullquote]
David Gowan topped the list when it comes to daily earn rate followed by Paul Babeu and Wendy Rogers. Again, we excluded Carlyle Begay given the short amount of time he has been in the race.
Finally, Gary Kiehne has the highest rate available of money to spend heading into the August 30th Primary Election. It should be noted that Kiehne has loaned his campaign the most money out of all the campaigns with $50,000 during the 1st quarter and $678,072 election cycle to date.
Candidates with a larger gap between earn and burn rates this early in a campaign are more likely to be in better financial shape heading into an election. Obviously, candidates should be raising more money then they are spending to avoid draining their resources or running a deficit. Here’s a graph of those rates compared against each other for each of the candidates:
In this graph, Gary Kiehne has an inverted burn to earn gap of -$714. Paul Babeu is barely staying ahead of his burn rate at $105. Ken Bennett may have a lower burn rate but his earn rate is also very low giving him a gap of $268. That leaves David Gowan and Wendy Rogers (we are excluding Begay and Redd) with much healthier gaps. Gowan’s gap amounts to $1,081 and Rogers’ gap amounts to $790.
Note: When/if we receive FEC data for Shawn Redd, we will add this to the analysis.