REPORT DIGEST

 

SPECIAL LIMITED COMPLIANCE AUDIT TESTING OF STATE APPROPRIATIONS

TO

THE PUBLIC SCHOOL TEACHERS’ PENSION AND RETIREMENT FUND OF CHICAGO

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 13, 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

http://www.state.il.us/auditor

 

 

 

INTRODUCTION

The Illinois General Assembly makes direct appropriations annually to the Public School Teachers’ Pension and Retirement Fund of Chicago (Fund) for payments to retired teachers. For Fiscal Year 2002, the appropriations were $50,000 from the General Revenue Fund and $65,044,700 from the Common School Fund. For Fiscal Year 2003, the appropriations were $65,094,700 from the General Revenue Fund.

Our special compliance testing was limited to these State appropriations made directly to the Fund.

 

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

There were no material findings of noncompliance for this audit or the prior audit.

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:GR

 

AUDITORS ASSIGNED

This audit testing was performed by staff of the Office of the Auditor General.