REPORT DIGEST

SOUTHWESTERN ILLINOIS DEVELOPMENT AUTHORITY

SPECIAL LIMITED COMPLIANCE AUDIT TESTING OF STATE APPROPRIATIONS

For the Two Years Ended:
June 30, 2002

Summary of Findings:

Total this audit 0
Total last audit 0
Repeated from last audit N/A

Release Date:
April 23, 2003

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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 made appropriations to the Southwestern Illinois Development Authority for the payment of principal and interest on bonds issued on behalf of Laclede Steel and for the replenishment of draws on the debt service reserve fund backing those bonds. Expenditures from these appropriations totaled $1,697,594 in Fiscal Year 2001 and $1,696,164 in Fiscal Year 2002. Our special compliance testing was limited to these State appropriations and related payments as authorized by the Illinois State Auditing Act (30 ILCS 5/3-1(a)).

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

There were no material findings of noncompliance for this audit.

 

 

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WILLIAM G. HOLLAND, Auditor General

 

 

AUDITORS ASSIGNED

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