REPORT DIGEST

ILLINOIS MATHEMATICS AND SCIENCE ACADEMY

FINANCIAL AUDIT
FOR THE YEAR ENDED JUNE 30, 2020

Release Date:  January 20, 2021

FINDINGS THIS AUDIT:  0
FINDINGS LAST AUDIT: 0

State of Illinois, Office of the Auditor
General
FRANK J. MAUTINO, 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
www.auditor.illinois.gov

INTRODUCTION

The Illinois Mathematics and Science
Academy (Academy) develops creative,
ethical leaders in science, technology,
engineering and mathematics.  As a
teaching and learning laboratory created
by the State of Illinois, the Academy
enrolls academically talented Illinois
students (grades 10-12) in its advanced,
residential college preparatory program,
and it serves thousands of educators and
students in Illinois and beyond through
innovative instructional programs that
foster imagination and inquiry.

AUDITOR’S OPINION

The auditors stated the financial
statements of the General Fund, the IMSA
Special Purposes Trust Fund, the IMSA
Income Fund, the IMSA Operating Fund, and
the IMSA Student Activities Fund as of
and for the year ended June 30, 2020, are
fairly stated in all material respects.

This financial audit was conducted by
Washington, Pittman & McKeever, LLC.

JANE CLARK
Division Director

This report is transmitted in accordance
with Section 3-14 of the Illinois State
Auditing Act.

FRANK J. MAUTINO
Auditor General

FJM:JGR