REPORT DIGEST

CAPITAL DEVELOPMENT BOARD

FINANCIAL AUDIT
For the One Year Ended:
June 30, 1997

Release Date:
March 24, 1998

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

This report covers our examination of the financial statements of the Capital Development Board for the year ended June 30, 1997. A compliance audit covering the two years ending June 30, 1998 will be performed next year.

AUDITORS' OPINION

The auditors' opinion states the Capital Development Board's June 30, 1997 financial statements are fairly presented.

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WILLIAM G. HOLLAND, Auditor General

WGH:JHL:pp

SPECIAL ASSISTANT AUDITORS

Sikich Gardner & Co, LLP were our special assistant auditors for this engagement.

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