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MORE AND MORE WALDHOLTZ RED

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Campaign committees for Rep. Enid Greene Waldholtz, R-Utah, are at least $2,767 in the hole, new disclosure forms show.

And the only reason she isn't much, much deeper in the red is that her two committees appear to have received up to $239,405 illegally last year - which is more money than many House candidates spend in their entire campaign.And Waldholtz can't certify that even such embarrassing information is correct and not worse - saying her estranged husband and former treasurer, Joe, left campaign finances in such disarray and used so much deceit that reconstructing them is difficult.

The disclosure forms she filed show the condition of her Enid '96 and Enid '94 committees as of Dec. 31, 1995. Some possibly big bills for work since then by her accounts to help sort out finances will not show up until her next report in April.

The report also finally confirms early allegations reported by the Deseret New on Nov. 9 - the day before Joe disappeared for six days - that Enid's committees were broke at midyear when they reported huge reserves of cash. At that time, Enid refused to release bank accounts that could prove or disprove rumors.

But a letter attached to disclosure forms by Coopers & Lybrand, her accountants, say while midyear reports prepared by Joe said the Enid '94 committee had cash on hand of $182,712.34, "We have found the actual cash in hand in Enid '94 committee bank accounts was $13.69 at June 30, 1995."

The Enid '94 committee now has $29 in cash - and unpaid debts of $2,980. The Enid '96 committee has $6,528 in cash but owes $6,344. All of that added together means the committees have a combined debt of at least $2,767.

It could be worse - but they are in only a relatively shallow hole financially because of large sums that reports acknowledge Enid's committees likely received illegally.

Enid's accountants noted the Enid '96 committee "received over $56,000 in transfers from joint personal checking accounts" by the Waldholtzes during the second half of 1995, which Enid said were controlled by Joe - and occurred without her knowledge.

So accountants said they do not believe those are legal donations. Joe is limited by law to donating no more than $1,000 per convention, primary and general election.

Similarly for the other committee - Enid '94 - during the second half of 1995, it received $12,579 in what Enid's auditors wrote "were transfers made from personal accounts which we understand were controlled by Joseph Waldholtz. These transfers similarly do not appear to be valid campaign contributions."

Also during the second half of 1995, Enid '96 received another $2,500 deposit overseen by Joe supposedly from small donors. But because no documentation can be found for such donors, Enid's auditors question whether it was a legal donation.

So Joe, according to Enid's auditors, appears to be behind at least $71,079 in illegal donations to her committees in the second half of 1995.

It appears many more illegal donations occurred during the first half of the year, too. While disclosure forms filed Wednesday do not detail them - because they cover only the second half of the year - it has spaces for cumulative revenue attributed to income other than donations or loans.

Normally, such "other" income is small and comes from bank interest - but that is where Joe's questionable donations were also lumped. So Enid's reports list a total of $239,405 in such revenue for 1995.

It gets even worse, however.

Waldholtz said Joe may have spent more on behalf of the committees using his personal accounts - which would further increase their illegal revenue - "to which neither the committee or I have access because of bank privacy laws. Therefore, the reports . . . do not and cannot include transactions made in those accounts."

Auditors attached documentation for one $6,200 bill with a computer vendor who Joe paid with a personal credit card - which is illegal. All campaign costs by law are supposed to be paid from campaign accounts.

Forms show that the two committees spent a total of $225,265 in 1995 and had total revenue of $327,820. Enid raised $23,078 in donations from individuals and another $51,950 from political action committees of businesses and special-interest groups.

Of note, $18,200 of those donations - almost all of it from political action committees - came after Joe had disappeared and Enid's financial troubles became public.

Among unpaid debts the committees still owed were $3,969 to lawyers and $2,980 to accountants for work through Dec. 31. Accountants noted they have been working hard to reconstruct campaign accounts by using returned checks and interviewing vendors - which could be time-consuming and expensive.

Enid - who in 1994 had claimed to give her campaign $1.8 million legally but really had $2 million funneled illegally to it from loans from her father arranged by Joe - has given her campaign $4,650 so far this year.

Of that, $2,065 came in the second half of 1995 - and was listed as an "in-kind" contribution of photocopies made by her personal copying machine.

While mounting a political campaign would be difficult while starting out in the red and having clouds over campaign finances, Enid has said she is still considering running.

She said Tuesday after an appearance before a grand jury investigating her financial troubles that she will decide whether to run sometime well in advance of the March 18 filing deadline.