REPORT DIGEST CHICAGO TECHNOLOGY PARK CORPORATION FINANCIAL AUDIT AND COMPLIANCE
EXAMINATION For the Year Ended: June 30, 2005 Summary of Findings: Total this audit 0 Total last audit n/a Repeated from last audit n/a Release Date: March 8, 2006
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 Attn: Records Manager 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.state.il.us/auditor
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FINDINGS,
CONCLUSIONS, AND RECOMMENDATIONS
This is the first report on the Chicago Technology Park Corporation. There were no material findings of noncompliance disclosed during our testing. We commend the Corporation for maintaining effective systems of internal control. AUDITORS’ OPINION
Our auditors stated that the financial
statements present fairly, in all material respects, the financial position
of the governmental activities and each major fund of the Chicago Technology
Park Corporation as of June 30, 2005, and the respective changes in financial
position thereof for the year then ended.
____________________________________ WILLIAM G. HOLLAND, Auditor General WGH:KMC:drh
SPECIAL ASSISTANT AUDITORS Our special assistant auditors on this audit were Nykiel, Carlin & Co., LTD.
{Expenditures and Activity Measures are summarized
on the reverse page.} |
CHICAGO TECHNOLOGY PARK CORPORATION
FINANCIAL AUDIT AND COMPLIANCE EXAMINATION
For the Year Ended June 30, 2005
STATEMENT OF ACTIVITIES |
FY 2005 |
REVENUES Program Revenues:.............................................. Grants .............................................................. General Revenues:................................................ EXPENDITURES Program Expenses..............................................
Change in Net Assets......................................... |
3,651 2,782 $ 219,981 $ 461,237 $ (241,256) |
STATEMENT OF NET ASSETS |
FY
2005 |
Assets: Cash
and cash equivalents................................... |
|
Accounts Receivable......................................... Due from other State Agencies........................... Other Assets..................................................... Total Assets............................................................. |
42,893 78,317 1,138 $ 204,367 |
Liabilities: Wages and benefits payable.............................. Total Liabilities:......................................................... Fund balances/Net Assets, End of Year.................... |
$ 47,395 2,700 2,523 $ 52,618
$ 151,749 |
EXECUTIVE DIRECTOR |
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During Audit Period: Samuel Pruett Currently: Samuel Pruett |