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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 |
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. AUDITORS’ 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 |
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|
|
|
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RECEIPTS |
|
|
State
Grants.................................................................
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$300,000 |
|
Interest........................................................................
|
3,989 |
|
Total Receipts...........................................................
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303,989 |
|
|
|
|
DISBURSEMENTS |
|
|
Contractual
Services....................................................
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22,700 |
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Cash Balance at July
1, 2003....................................................
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0 |
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Cash Balance at June
30, 2005..................................................
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$281,289 |
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COMMISSION PRESIDENT |
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During
Examination Period: Mr.
Michael Boer |
|
Currently: Mr. Michael
Boer |