REPORT DIGEST
SOUTHWESTERN ILLINOIS DEVELOPMENT AUTHORITY
SPECIAL LIMITED COMPLIANCE AUDIT TESTING OF STATE APPROPRIATIONS
For the Two Years Ended:
June 30, 2000
Summary of Findings:
Total this audit 0
Total last audit N/A
Repeated from last audit N/A
Release Date:
May 17, 2001
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
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
The Illinois General Assembly made appropriations to the Southwestern Illinois Development Authority for the payment of principal and interest on bonds issued on behalf of Laclede Steel and for the replenishment of draws on the debt service reserve fund backing those bonds. Expenditures from these appropriations totaled $546,684 in Fiscal Year 1999 and $1,048,047 in Fiscal Year 2000. Our special compliance testing was limited to the receipt of these State appropriations and related payments as authorized by the Illinois State Auditing Act (30 ILCS 5/3-1(a)).
FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS
There were no material findings of noncompliance for this audit.
____________________________________
WILLIAM G. HOLLAND, Auditor General
AUDITORS ASSIGNED
The audit was conducted by staff of the Office of the Auditor General.