REPORT DIGEST

 

ILLINOIS MEDICAL DISTRICT AT SPRINGFIELD COMMISSION

 

COMPLIANCE EXAMINATION

For the Two Years Ended:

June 30, 2007

 

 

Summary of Findings:

Total this report†††††††††††††††††††††0

Total last report††††††††††† †††††††††0

Repeated from last report††† ††0

 

 

 

 

Release Date:

January 3, 2008

 

 

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 and Full Report

are also available on

the worldwide web at

http://www.auditor.illinois.gov

 

 

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 State grants received in prior years and interest income received from the locally held fund.No grants were received during FY06/07, and the Commissionís local fund balance at June 30, 2007 was zero.

 

There were no material findings of noncompliance disclosed during our tests.

 

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:PH

 

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, 2007

 

 

 

OPERATING FUND FINANCIAL DATA

2007

2006

 

 

 

††††† RECEIPTS

 

 

††††††††††† State Grants............................................

$††††††††† 0

$††††††††† 0

††††††††††† Interest...................................................

††††††††† 37

†††† 4,446

†††††††††††††† Total Receipts......................................

††††††††† 37

†††† 4,446

 

 

 

††††† DISBURSEMENTS

 

 

†††††††††††† Contractual Services...............................

0

277,300

†††††††††††† Printing..................................................

6,800

430

†††††††††††† Travel....................................................

1,187

0

††††††††††† Bank Service Charges............................

†††††††† 55

††††††††††† 0

Cash Balance, beginning....................................

††† 8,005

281,289

Cash Balance, ending.........................................

$††††††††† 0

$†† 8,005

 

 

COMMISSION PRESIDENT

††††† During Examination Period:Mr. Michael Boer

††††† Currently:Mr. Michael Boer