REPORT DIGEST

FINANCIAL AUDIT
For the Year Ended:
June 30, 1998

Release Date:
February 11, 1999

State of Illinois
Office of the Auditor General

WILLIAM G. HOLLAND
AUDITOR GENERAL

Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703
(217) 782-6046

To obtain a copy of the Report contact:
Office of the Auditor General
Attn: Records Manager
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

This digest covers our financial audit of University Park for the year ended June 30, 1998.  Comparative financial statements for the year ended June 30, 1997 are also presented.  A compliance audit covering the two years ended June 30, 1999 will be issued at a later date.

AUDITORS' OPINION

Our auditors stated the June 30, 1998 and June 30, 1997 financial statements of the Park are fairly presented.

_____________________________________
WILLIAM G. HOLLAND, Auditor General

WGH:KMM:pp

SPECIAL ASSISTANT AUDITORS

PricewaterhouseCoopers L.L.P. were our special assistant auditors for this audit.