REPORT DIGEST
SPECIAL LIMITED COMPLIANCE AUDIT TESTING OF STATE APPROPRIATIONS TO THE PUBLIC SCHOOL TEACHERS’ PENSION AND RETIREMENT FUND OF CHICAGO
For the Two Years Ended:
June 30, 2001
Summary of Findings:
Total this audit 0
Total last audit 0
Repeated from last audit 0
Release Date:
April 10, 2002
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
Attn: Records Manager
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 Public School Teachers’ Pension and Retirement Fund of Chicago (Fund) from the General Revenue Fund for supplemental payments to retired teachers under provisions set forth in Article 17 of the State Pension Code. In addition, the Fund also received appropriations from the Common School Fund for the State’s contribution to the Fund pursuant to Public Act 90-548. For Fiscal Year 2000 and 2001, the appropriations were $50,000 each year from the General Revenue Fund and $65,044,700 each year from the Common School Fund.
Our special compliance testing was limited to these State appropriations made directly to the Fund.
FINDINGS, CONCLUSIONS, AND
RECOMMENDATIONS
There were no material findings of noncompliance for this audit or the prior audit.
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WILLIAM G. HOLLAND, Auditor General
WGH:GR
AUDITORS ASSIGNED
This audit was performed by staff of the Office of the Auditor General.