REPORT DIGEST

UPPER ILLINOIS RIVER VALLEY DEVELOPMENT AUTHORITY

SPECIAL LIMITED SCOPE COMPLIANCE EXAMINATION

For the Two Years Ended:

June 30, 2007

Summary of Findings:

Total this report                      0

Total last report                      0

Repeated from last report       0

Release Date:

January 3, 2008

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

www.auditor.illinois.gov

INTRODUCTION

      The Illinois General Assembly made appropriations to the Upper Illinois River Valley Development Authority to replenish draws on the debt service reserve fund backing bonds issued on behalf of Waste Recovery - Illinois. Expenditures from these appropriations totaled $512,123 in Fiscal Year 2006 and $274,698 in Fiscal Year 2007.  Our special limited scope compliance examination was limited to these State appropriations and related payments as authorized by the Illinois State Auditing Act (30 ILCS 5). 

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

      There were no material findings of noncompliance disclosed during our examination.

AUDITORS’ OPINION

      We conducted a special limited scope compliance examination of appropriations made by the General Assembly to the Authority and related expenditures as authorized by the Illinois State Auditing Act.  

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WILLIAM G. HOLLAND, Auditor General

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AUDITORS ASSIGNED

      This examination was conducted by staff of the Office of the Auditor General.