REPORT DIGEST

 

ILLINOIS MEDICAL DISTRICT AT SPRINGFIELD COMMISSION

 

COMPLIANCE EXAMINATION

For the Two Years Ended:

June 30, 2005

 

 

Summary of Findings:

 

        Total this audit              0

 

 

 

 

 

Release Date:

February 9, 2006 

 

 

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 TTY (888) 261-2887

 

This Report Digest is also available on

the worldwide web at

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

 

 

INTRODUCTION

 

The Illinois Medical District at Springfield Commission was created through the authority of the Illinois Medical District at Springfield Act (Act) (70 ILCS 925 et seq.).  The purpose of the Commission is to attract and retain academic centers of excellence, viable health care facilities, medical research facilities, emerging high technology enterprises, and other facilities and uses as permitted by the Act.  

 

The Commission received no appropriations from the Illinois General Assembly, and funds were not held in the State Treasury.  The Commission was financed solely through contributions from State grants and interest income received from locally held funds. 

 

There were no material findings of noncompliance disclosed during our tests.  We commend the Commission for maintaining an effective system of internal control.

 

AUDITORSí OPINION

 

      We conducted a compliance examination of the Commission as required by the Illinois State Auditing Act.  We have not audited any financial statements of the Commission for the purpose of expressing an opinion because the Commission does not, nor is it required to, prepare financial statements.

 

 

                       ____________________________________

                  WILLIAM G. HOLLAND, Auditor General

 

WGH:TLD

 

AUDITORS ASSIGNED

 

This examination was performed by the staff of the Office of the Auditor General.

 

 

 

 


{Expenditures and Activity Measures are summarized on the reverse page.}

 

 

 

ILLINOIS MEDICAL DISTRICT AT SPRINGFIELD COMMISSION

COMPLIANCE EXAMINATION

For The Two Years Ended June 30, 2005

 

 

 

OPERATING FUND FINANCIAL DATA

 

 

 

      RECEIPTS

 

            State Grants.................................................................

$300,000

            Interest........................................................................

     3,989

               Total Receipts...........................................................

 303,989

 

 

      DISBURSEMENTS

 

            Contractual Services....................................................

   22,700

Cash Balance at July 1, 2003....................................................

            0

Cash Balance at June 30, 2005..................................................

$281,289

 

 

COMMISSION PRESIDENT

      During Examination Period:  Mr. Michael Boer

      Currently:  Mr. Michael Boer