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The political action committee formed by La Jolla mega-millionaire Ted Waitt to back the independent San Diego mayoral candidacy of ex-Republican Assemblyman Nathan Fletcher and a few other self-described independent hopefuls, appears to be down to its last donor: Waitt himself.

That's according to the committee's latest disclosure filing with the Federal Election Commission, covering the month of August and posted online last week.

The PAC raised $32,861 during the month, $25,000 from Waitt personally and the balance from Avalon Capital, Waitt's personal investment operation, along with a refund of $2,165 on advertising time from NBC-owned TV station KNSD.

Through the end of August, Waitt had personally given a total of $425,000 to the PAC, a substantial chunk of the $612,623 raised since the committee was created in May of this year.

At the end of last month, the PAC had $17,666 of cash on hand, having spent $23,203.

On August 13, the same day Waitt made his cash contribution, $12,500 was paid to LJ Strategies, LLC, for consulting work done for the June primary elections, according to the filing.

"icPurple does not represent a political party or special interests, nor does it purport to have third party ambitions," said in the group's news release in May.

"The group’s core values are outlined in the newly authored ‘Declaration of Independents,’ stating, 'I am not a Democrat. I am not a Republican. I am an American.'”

As previously reported, donors have included millionaire biotech industry legend J. Craig Venter, who gave $10,000, and border baron Malin Burnham - a wealthy Republican, investor in Mexico, and yachtsman now backing Democrat Scott Peters over GOP congressional incumbent Brian Bilbray - who kicked in $25,000.

Other icPurple donors, including Dennis Cruzan, onetime real estate sidekick to Padres owner John Moores ($1000), and Ace Parking's Keith Jones ($1000), are backing Republican Carl DeMaio over Democrat Bob Filner for mayor.

According to the PAC's website, its current candidates are Chad Walsh, running for a California state Assembly seat, and Angus King, running for a U.S. Senate seat in Maine.

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