REPORT DIGEST
ILLINOIS PETROLEUM RESOURCES BOARD
COMPLIANCE AUDIT
For the Year Ended:
June 30, 2003
Summary of Findings:
Total this audit 0
Total last audit 0
Repeated from last audit 0
Release Date:
April 15, 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
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INTRODUCTION
The Illinois Petroleum Resources Board was created July 10, 1998 by the Illinois Petroleum Education and Marketing Act. Its mission is to coordinate a program designed to demonstrate to the general public the importance of the Illinois oil exploration and production industry; to encourage the wise and efficient use of energy; to promote environmentally sound production methods and technologies; to develop existing supplies of State oil resources; and, to support research and education activities concerning the oil exploration and production industry.
This digest covers the compliance audit of the Board for the year ended June 30, 2003. The Board received an appropriation from the Illinois General Assembly through the Department of Natural Resources.
There were no material findings of noncompliance disclosed during our audit tests. We commend the Board for maintaining an effective system of internal control.
AUDITORS’ OPINION
We conducted a compliance audit of the Board as required by the Illinois State Auditing Act. We have not audited any financial statements of the Board for the purpose of expressing an opinion because the Board does not, nor is it required to, prepare financial statements.
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WILLIAM G. HOLLAND, Auditor General
WGH:JAW
AUDITORS ASSIGNED
This audit was performed by the staff of the Office of the Auditor General.
{Expenditures and Activity Measures are summarized on the reverse page.}