REPORT DIGEST
KANKAKEE RIVER VALLEY AREA AIRPORT AUTHORITY
FINANCIAL AND COMPLIANCE AUDIT
For the Year Ended:
June 30, 1996
Summary of Findings:
| This Audit | Prior Audit | |
| Total | 0 | 0 |
| Repeated | 0 | 0 |
| Not repeated | 0 | 1 |
Release Date:
July 16, 1997
State of Illinois
Office of the Auditor General
WILLIAM G. HOLLAND
AUDITOR GENERAL
Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703
(217) 782-6046
INTRODUCTION
- The Kankakee River Valley Area Airport Authority
was created September 10, 1990 as a result of
Public Act 86-1400, the Kankakee River Valley
Area Airport Authority Act. Its mission is to
facilitate safe and convenient air travel and
transportation to and from the Kankakee River
Valley, by acquisition or construction and
operation of one or more airports. The Authority
consists of eight members. Four members are
appointed by the Kankakee County Board, and the
remaining four are appointed by the Will County
Board.
This digest covers the financial and compliance audit of the Authority for the year ended June 30, 1996. The Authority received no appropriations from the Illinois General Assembly, and funds were not held in the State Treasury. The Authority was financed solely through contributions received from private sources and interest income received from locally held funds.
FINDINGS, CONCLUSIONS, AND
RECOMMENDATIONS
- There were no material findings disclosed during our audit tests.
AUDITORS' OPINION
- Our auditors stated the June 30, 1996 financial
statements of the Authority's Operating Fund are
fairly presented.
___________________________________
WILLIAM G. HOLLAND, Auditor GeneralWGH:NLA:ak
AUDITORS ASSIGNED
- This audit was performed by the staff of the
Office of the Auditor General.
{Financial Information is summarized on the reverse page.}