REPORT DIGEST

ILLINOIS GAMING BOARD

(A Division of the Illinois Department of Revenue)

COMPLIANCE EXAMINATION

For the Year Ended:

June 30, 2004

Summary of Findings:

Total this audit                          0

Total last audit                          0

Repeated from last audit           0

Release Date:

May 4, 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 Gaming Board administers, enforces and regulates the systems of riverboat gambling.  The Board is a Division of the Illinois Department of Revenue.

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

      There were no material findings of noncompliance disclosed during our examination testing.  We commend the Board for maintaining effective fiscal controls.

AUDITOR’S OPINION

      We conducted a compliance examination of the Illinois Gaming Board in conjunction with the Illinois Department of Revenue as required by the Illinois State Auditing Act.  Financial statements for the Board are included in the audit report of the Illinois Department of Revenue.

___________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:TLD:pp

SPECIAL ASSISTANT AUDITORS

      Our special assistant auditors for this audit were McGladrey & Pullen, LLP.

{Expenditures and Activity Measures are summarized on the reverse page.}

EXPENDITURE STATISTICS

FY 2004

FY 2003

·         Total Expenditures and Operating Transfers
(in thousands)............................................

OPERATIONS TOTAL..................................

      % of Total Expenditures............................

      Personal Services.......................................

            % of Operations Expenditures...............

            Average Number of Employees............

      Other Payroll Costs (FICA, Retirement)......

            % of Operations Expenditures...............

      Contractual Services...................................

            % of Operations Expenditures...............

      All Other Operations Items.........................

            % of Operations Expenditures...............

GRANTS TO LOCAL GOVERNMENTS AND REFUNDS TOTAL     

      % of Total Expenditures............................

OPERATING TRANSFERS TO EDUCATION ASSISTANCE FUND TOTAL........................

      % of Total Expenditures............................

·         Total Revenues.......................................

OTHER TAXES..............................................

      % of Total Revenues.................................

LICENSES AND FEES...................................

      % of Total Revenues.................................

(in thousands)

$632,937

$13,685

2.1%

$5,017

36.6%

68

$1,727

12.6%

$6,386

46.7%

$555

4.1%

$98,559

15.6%

$520,693

82.3%

$632,856

$632,019

99.9%

$837

.1%

(in thousands)

$689,834

$14,684

2.2%

$5,613

38.2%

78

$1,742

11.9%

$6,812

46.4%

$517

3.5%

$110,000

15.9%

$565,150

81.9%

$684,430

$683,415

99.8%

$1,015

.2%

SELECTED ACTIVITY MEASURES (unaudited)

Calendar

2003

Calendar

2002

·        Number of Licenses in Operation...............

·        Adjusted Gross Receipts (AGR)................

·        Admissions................................................

·        AGR Per Admission..................................

·        Total Tax...................................................

·        State Share................................................

·        Local Share...............................................

10

$1,709,943,480

16,597,552

$103.02

$719,858,219

$617,797,595

$102,060,624

10

$1,831,550,836

18,821,582

$97.31

$666,101,823

$555,702,432

$110,399,391

BOARD CHAIRMAN

During Audit Period:  Judge Aaron Jaffe

Currently:  Judge Aaron Jaffe