Senate Democratic hopeful Terry Adams' campaign finances nearly on empty

Senate Democratic hopeful Terry Adams' campaign finances nearly on empty

July 22nd, 2014 by Andy Sher in Local - Breaking News

Democratic U.S. Senate candidate Terry Adams, a Knoxville attorney, introduces himself at a news conference in Nashville on Friday, Jan. 10, 2014.

Democratic U.S. Senate candidate Terry Adams, a Knoxville...

Photo by Associated Press /Times Free Press.

NASHVILLE -- Democrat Terry Adams's U.S. Senate campaign was running on fumes, financially speaking, as of June 30, according to his second-quarter disclosure.

The Knoxville attorney reported having just $10,507 in cash on hand and $4,500 in debt.

Adams faces multimillionaire Gordon Ball, a fellow Knoxville lawyer, in the Aug. 7 Democratic primary.

His disclosure to the Federal Election Commission shows he raised just $19,560 from April 1 through June 30 and spent $31,302. Adams' total money raised since announcing earlier this year was just $80,358.

Adams also made a $3,600 loan to the campaign last quarter, bringing the total amount he has loaned or guaranteed to $8,100 for the campaign cycle.

The disclosure, July 15, was posted on the FEC website today. U.S. Senate candidates only file with the Secretary of the Senate's office. The documents are transferred, often slowly, to the FEC.

Last week, both Adams and Ball refused to provide the Times Free Press copies of the first pages of their disclosures containing summary information on how much they raised and spent in the second quarter. The disclosures are intended to give the public a periodic window into their campaigns.

Ball's disclosure was still unavailable on the FEC website today. Ball has said he expects to spend $300,000 to $400,000 of his own money in the primary. Earlier this month, he spent $64,000 on an initial television advertising buy.

Adams said he would be able to compete.

All three of the major Republican candidates - U.S. Sen. Lamar Alexander, state Rep. Joe Carr and Memphis radiologist and radio-station owner George Flinn - last week provided copies of their bottom line information at the Times Free Press' request.