REPORT DIGEST

 

SOUTHWESTERN ILLINOIS DEVELOPMENT AUTHORITY

 

SPECIAL LIMITED SCOPE COMPLIANCE EXAMINATION

For the Two Years Ended:

June 30, 2004

 

Summary of Findings:

Total this audit†††††††††††††             0

Total last audit††††††††            ††† 0

Repeated from last audit††† †††††† 0

 

Release Date:

April 13, 2005  

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 General Assembly made appropriations to the Southwestern Illinois Development Authority to replenish draws on the debt service reserve fund backing bonds issued on behalf of Spectrulite Consortium, Inc. and Waste Recovery - Illinois. Expenditures from these appropriations totaled $697,400 in Fiscal Year 2004.No appropriations were made to the Authority in Fiscal Year 2003.Our special limited scope compliance examination 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 disclosed during our examination testing.

 

 

AUDITORSí OPINION

 

††††† We conducted a special limited scope compliance examination of appropriations made by the General Assembly to the Authority and related expenditures as authorized by the Illinois State Auditing Act.

 

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

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AUDITORS ASSIGNED

 

††††† This examination was conducted by staff of the Office of the Auditor General.