REPORT DIGEST
PRAIRIELAND ENERGY, INC.
FINANCIAL AND COMPLIANCE AUDIT
For the Year Ended:
June 30, 2000
Summary of Findings:
Total this audit 0
Total last audit 0
Repeated from last audit 0
Release Date:
March 20, 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
Prairieland Energy, Inc. is an Illinois corporation formed and wholly owned by the Board of Trustees of the University of Illinois. Prairieland was formed November 19, 1996 for the purpose of producing, acquiring and selling various forms of energy for the University and other customers.
FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS
There were no material findings of noncompliance disclosed during our audit tests. We commend the Corporation for maintaining an effective system of internal controls.
AUDITORS’ OPINION
Our auditors stated the Corporation’s June 30, 2000 financial statements are fairly presented in all material respects.
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WILLIAM G. HOLLAND, Auditor General
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SPECIAL ASSISTANT AUDITORS
Our special assistant auditors were Olive LLP.