REPORT DIGEST ILLINOIS MATHEMATICS AND SCIENCE ACADEMY COMPLIANCE EXAMINATION For the Year Ended: June 30, 2013 Release Date: January 29, 2014 Summary of Findings: Total this audit: 0 Total last audit: 1 Repeated from last audit: 0 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 The Illinois Mathematics and Science Academy (Academy) was established in 1985 as a result of action by the State Legislature (105 ILCS 305). The internationally recognized Academy develops creative, ethical leaders in science, technology, engineering and mathematics. As a teaching and learning laboratory created by the State of Illinois, the Academy enrolls academically talented Illinois students (grades 10-12) in its advanced, residential college preparatory program, and it serves thousands of educators and students in Illinois and beyond through innovative instructional programs that foster imagination and inquiry. The Academy also advances education through research, groundbreaking ventures and strategic partnerships. AUDITORS’ OPINION We conducted a compliance examination of the Academy as required by the Illinois State Auditing Act. We have not audited any financial statements of the Academy for the purpose of expressing an opinion because the Academy does not, nor is it required to, prepare financial statements. WILLIAM G. HOLLAND Auditor General WGH:JC SPECIAL ASSISTANT AUDITORS Borschnack, Pelletier & Co were our Special Assistant Auditors for this engagement.