REPORT DIGEST

UNIVERSITY OF ILLINOIS

RESEARCH PARK, LLC

FINANCIAL AUDIT

For the Year Ended:

June 30, 2006

Release Date:

February 8, 2007 

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 TTY (888) 261-2887

This Report Digest and Full Report are also available on

the worldwide web at

http://www.state.il.us/auditor

AUDITORS’ OPINION

      Our auditors stated the Company’s June 30, 2006 financial statements are fairly presented in all material respects.

____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:TLK:pp

SPECIAL ASSISTANT AUDITORS

      Our special assistant auditors were Clifton Gunderson LLP.

{Expenditures and Activity Measures are summarized on the reverse page.}

FINANCIAL OPERATIONS

FY 2006

FY 2005

OPERATING REVENUES

      Budget Allocation University of Illinois.......................

      Service Income.........................................................

      Rental Income..........................................................

            Total..................................................................

OPERATING EXPENSES

      Budget Allocation University of Illinois........................

      Salaries                                                                     

      Support for Enterprise Works....................................

      Professional Fees.......................................................

      Support for Office of Vice Chancellor Research.........

      Depreciation..............................................................

      Other........................................................................

            Total...................................................................

OPERATING INCOME.............................................

NONOPERATING REVENUE (Loss).......................

INCREASE IN NET ASSETS.......................................

NET ASSETS - Beginning of Year..................................

NET ASSETS - End of Year..........................................

$158,332

103,165

106,313

$367,810

$158,332

0

30,000

54,822

71,014

29,270

19,423

$362,861

$4,949

$19

$4,968

$456,555

$461,523

$0

251,544

59,236

$310,780

$0

300

1,387

32,851

60,578

19,964

20,202

$135,282

$175,498

$(67,355)

$108,143

$348,412

$456,555

SELECTED ACCOUNT BALANCES

AT JUNE 30,

2006

AT JUNE 30,

2005

Cash..............................................................................

Accounts Receivable......................................................

Capital Assets................................................................

Lease Receivable............................................................

Accounts Payable...........................................................

$3,156

$20,000

$669,567

$121,347

$352,547

$3,141

$20,000

$726,650

$86,048

$379,284

DIRECTOR

During Audit Period:  Mr. David Chicoine

Currently:  Mr. David Chicoine