REPORT DIGEST
METROPOLITAN PIER AND EXPOSITION AUTHORITY
SPECIAL LIMITED COMPLIANCE AUDIT TESTING OF STATE APPROPRIATIONS
For the Two Years Ended:
June 30, 2003
Summary of Findings:
Total this audit 0
Total last audit 0
Repeated from last audit 0
Release Date:
April 27, 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
INTRODUCTION
The Illinois General Assembly makes direct appropriations annually to the Metropolitan Pier and Exposition Authority (Authority) from the McCormick Place Expansion Project Fund and the Metropolitan Fair and Exposition Authority Improvement Bond Fund for debt service expenditures. Expenditures from these appropriations totaled $114,097,412 in Fiscal Year 2002 and $119,941,987 in Fiscal Year 2003. Our special compliance testing was limited to these State appropriations and related payments.
The General Assembly also appropriated $4,800,000 in Fiscal Year 2002 to the Metropolitan Fair and Exposition Authority Reconstruction Fund for the Authority’s corporate purposes. The Office of the Auditor General has no authority to audit these appropriations under the Illinois State Auditing Act (30 ILCS 5/3-1(a)).
FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS
There were no findings of noncompliance for this audit.
____________________________________
WILLIAM G. HOLLAND, Auditor General
WGH:LW:pp
AUDITORS ASSIGNED
The audit was conducted by staff of the Office of the Auditor General.