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REPORT DIGEST ILLINOIS MEDICAL DISTRICT AT SPRINGFIELD
COMMISSION COMPLIANCE
EXAMINATION For the Two Years Ended: June 30, 2007 Summary of Findings: Total this report 0 Total last report 0 Repeated from last report 0 Release Date: January 3, 2008
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
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INTRODUCTION The Illinois Medical District at Springfield Commission was created through the authority of the Illinois Medical District at Springfield Act (Act) (70 ILCS 925 et seq.). The purpose of the Commission is to attract and retain academic centers of excellence, viable health care facilities, medical research facilities, emerging high technology enterprises, and other facilities and uses as permitted by the Act. The Commission received no appropriations from the Illinois General Assembly, and funds were not held in the State Treasury. The Commission was financed solely through State grants received in prior years and interest income received from the locally held fund. No grants were received during FY06/07, and the Commission’s local fund balance at June 30, 2007 was zero. There were no material findings of noncompliance disclosed during our tests. AUDITORS’ OPINION We conducted a compliance examination of the Commission as required by the Illinois State Auditing Act. We have not audited any financial statements of the Commission for the purpose of expressing an opinion because the Commission does not, nor is it required to, prepare financial statements. ____________________________________ WILLIAM G. HOLLAND, Auditor General WGH:PH AUDITORS ASSIGNED This examination was performed by the staff of the Office of the Auditor General.
{Expenditures and Activity Measures are summarized on the reverse page.} |
ILLINOIS MEDICAL DISTRICT AT SPRINGFIELD COMMISSION
COMPLIANCE EXAMINATION
For The Two Years Ended June 30, 2007
|
OPERATING FUND FINANCIAL DATA |
2007 |
2006 |
|
|
|
|
|
RECEIPTS |
|
|
|
State
Grants............................................ |
$ 0 |
$ 0 |
|
Interest................................................... |
37 |
4,446 |
|
Total Receipts...................................... |
37 |
4,446 |
|
|
|
|
|
DISBURSEMENTS |
|
|
|
Contractual Services............................... |
0 |
277,300 |
|
Printing.................................................. |
6,800 |
430 |
|
Travel.................................................... |
1,187 |
0 |
|
Bank Service Charges............................ |
55 |
0 |
|
Cash Balance, beginning.................................... |
8,005 |
281,289 |
|
Cash Balance, ending......................................... |
$ 0 |
$ 8,005 |
|
COMMISSION PRESIDENT |
|
During Examination Period:
Mr. Michael Boer |
|
Currently: Mr.
Michael Boer |