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.