REPORT DIGEST
IMSA FUND FOR THE ADVANCEMENT OF EDUCATION
FINANCIAL AND COMPLIANCE AUDIT
For The TwoYears Ended:
June 30, 2003
Summary of Findings:
Total this audit 0
Total last audit 1
Repeated from last audit 0
Release Date:
February 26, 2004
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 TDD (217) 524-4646
This Report Digest is also available on
the worldwide web at
FINDINGS, CONCLUSIONS, AND RECOMMENTATIONS
There were no material findings of noncompliance disclosed during our audit testing. We commend the IMSA Fund for the Advancement of Education for maintaining effective systems of internal control.
AUDITORS’ OPINION
Our auditors stated that the financial statements present fairly, in all material respects, the respective financial position of the governmental activities and fund information of the IMSA Fund for Advancement of Education, as of June 30, 2003 and 2002, and the respective changes in financial position thereof for the years then ended.
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WILLIAM G. HOLLAND, Auditor General
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SPECIAL ASSISTANT AUDITORS
Our special assistant auditors for this audit were
De Raimo Hillger & Ripp.