REPORT DIGEST

CHICAGO TRANSIT AUTHORITY

COMPLIANCE EXAMINATION

For the Year Ended:

December 31, 2005

Summary of Findings:

Total this audit                            0

Total last audit                       N/A

Repeated from last audit        N/A

Release Date:

March 15, 2007 

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 and Full Report are also available on

the worldwide web at

http://www.auditor.illinois.gov

INTRODUCTION

      The Illinois House of Representatives adopted Resolutions Number 479 and 650 in 2005 which directed the Office of the Auditor General to conduct financial, compliance, and performance audits of the four transit agencies in the Chicago area:  the Regional Transportation Authority (RTA), the Chicago Transit Authority (CTA), the Commuter Rail Division (Metra), and the Suburban Bus Division (Pace).  This report digest covers our compliance examination of the CTA for the year ended December 31, 2005.  The financial audit has already been released and a separate performance audit is being issued with this report.

FINDINGS, CONCLUSIONS, AND

                       RECOMMENDATIONS

           There were no material findings of noncompliance disclosed during our testing.

AUDITORS’ REPORT

      We conducted a compliance examination of the CTA as directed by House Resolution Number 479.  The financial audit covering the CTA has been released under a separate cover.

                    _____________________________________

                     WILLIAM G. HOLLAND, Auditor General

WGH:JMO

SPECIAL ASSISTANT AUDITORS

Our Special Assistant Auditors were Wolf & Company LLP.