SOUTHWESTERN ILLINOIS DEVELOPMENT AUTHORITY
SPECIAL LIMITED COMPLIANCE AUDIT TESTING OF STATE APPROPRIATIONS
For the Two Years Ended:
Summary of Findings:
Total this audit 0
State of Illinois
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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 $1,697,594 in Fiscal Year 2001 and $1,696,164 in Fiscal Year 2002. Our special compliance testing was limited to 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
The audit was conducted by staff of the Office of the Auditor General.