University of Illinois Auxiliary Facilities System Report required under Government Auditing Standards for the year ended June 30, 2009

              REPORT DIGEST
UNIVERSITY
OF ILLINOIS
FINANCIAL AUDIT
For the Year Ended:
June 30, 2009
Release Date:
March 25, 2010
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 the Full Report
are available on
the worldwide web at
http://www.auditor.illinois.gov
INTRODUCTION
The financial audit report contains three sets of financial
statements in the Annual Financial Report the financial
statements of the University; and the revenue bond financial
statements of the Auxiliary Facilities System and the Health
Services Facilities System.
This report contains only findings pertaining to the Financial
Statement audit.
The State Compliance Examination and Federal Single
Audit reports will be issued at a later date.
SYNOPSIS
(of Financial Statement Audit Findings)
 The University has not established adequate internal
controls over access to the information systems used
in its financial reporting process.
 The University has not established adequate internal
controls over procurement card transactions.
 The University has not established adequate internal
controls over identifying and recording period end
accounts payable for financial reporting purposes.
{Financial Information and Activity Measures are summarized on the next page.}