REPORT DIGEST RAILSPLITTER TOBACCO SETTLEMENT AUTHORITY FINANCIAL AUDIT AND COMPLIANCE EXAMINATION For the Two Years Ended: June 30, 2012 Release Date: April 11, 2013 Summary of Findings: Total this audit: 0 Total last audit: N/A Repeated from last audit: N/A 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 www.auditor.illinois.gov INTRODUCTION We performed a financial audit and compliance examination of the Railsplitter Tobacco Settlement Authority (Authority) for the two years ended June 30, 2012. This is our first audit of the Authority since its legal establishment on July 1, 2010. The Authority received no appropriations from the Illinois General Assembly and funds were not held in the State Treasury. The audit was performed by staff of the Office of the Auditor General. AUDITORS’ OPINION We conducted a financial audit and compliance examination of the Authority for the two years ended June 30, 2012. Our auditors stated that the Authority’s financial statements as of and for the years ended June 30, 2011 and June 30, 2012 are fairly stated in all material respects. WILLIAM G. HOLLAND Auditor General WGH:cmd:rt