REPORT DIGEST

 

METROPOLITAN PIER AND EXPOSITION AUTHORITY

 

SPECIAL LIMITED COMPLIANCE AUDIT TESTING OF STATE APPROPRIATIONS

For the Two Years Ended:

June 30, 2003

 

Summary of Findings:

 

Total this audit                      0

Total last audit                      0

Repeated from last audit       0

 

Release Date:

April 27, 2004

 

 

 

 

State of Illinois

Office of the Auditor General

WILLIAM G. HOLLAND

AUDITOR GENERAL

 

 

 

 

To obtain a copy of the Report contact:

Office of the Auditor General

Iles Park Plaza

740 E. Ash Street

Springfield, IL 62703

(217) 782-6046 or TDD (217) 524-4646

 

 

This Report Digest is also available on

the worldwide web at

http://www.state.il.us/auditor

 

 

 

INTRODUCTION

The Illinois General Assembly makes direct appropriations annually to the Metropolitan Pier and Exposition Authority (Authority) from the McCormick Place Expansion Project Fund and the Metropolitan Fair and Exposition Authority Improvement Bond Fund for debt service expenditures. Expenditures from these appropriations totaled $114,097,412 in Fiscal Year 2002 and $119,941,987 in Fiscal Year 2003. Our special compliance testing was limited to these State appropriations and related payments.

The General Assembly also appropriated $4,800,000 in Fiscal Year 2002 to the Metropolitan Fair and Exposition Authority Reconstruction Fund for the Authority’s corporate purposes. The Office of the Auditor General has no authority to audit these appropriations under the Illinois State Auditing Act (30 ILCS 5/3-1(a)).

 

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

There were no findings of noncompliance for this audit.

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:LW:pp

AUDITORS ASSIGNED

The audit was conducted by staff of the Office of the Auditor General.