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REPORT DIGEST
DEPARTMENT OF HEALTHCARE
AND FAMILY SERVICES - LOCAL GOVERNMENT HEALTH INSURANCE RESERVE FUND
FINANCIAL AUDIT For the Year Ended: June 30, 2007 Summary of Findings: Total this audit 0 Total prior audit N/A Release Date: June 18, 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 available on the worldwide web at
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INTRODUCTION
This digest covers the financial audit of the Department of
Healthcare and Family Services’ Local Government Health Insurance Reserve
Fund for the year ended June 30, 2007.
There were no material findings of noncompliance or internal control
disclosed during our testing.
AUDITORS’ OPINION
Our auditors state the financial statements of the Local
Government Health Insurance Reserve Fund as of June 30, 2007, are fairly
presented in all material respects.
___________________________________
WILLIAM G.
HOLLAND, Auditor General
WGH:TLD:pp
AUDITORS ASSIGNED
This
audit was performed by the staff of the Office of the Auditor General.
{Financial Information and Activity Measures summarized on the reverse page.} |
DEPARTMENT OF HEALTHCARE AND FAMILY SERVICES
LOCAL GOVERNMENT HEALTH INSURANCE RESERVE FUND
FINANCIAL AUDIT
For the Year Ended June 30, 2007
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FINANCIAL OPERATIONS (in thousands) |
FY 2007 |
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OPERATING REVENUES Charges for sales and services................................. Other……............................................................. Total operating revenues.............................. OPERATING EXPENSES Benefit payments and refunds.................................. General and administrative...................................... Total operating expenses.............................. Operating income (loss)........................................... NONOPERATING REVENUES (EXPENSES) Interest and investment income................................ Other revenues....................................................... Income (loss) before contributions and
transfers..................................................... Transfers-out........................................................ Change
in net assets...................................... Net assets, July 1, 2006.......................................... NET
ASSETS, JUNE 30, 2007................................ |
$ 63,792 89 63,881 59,647 869 60,516 3,365 469 185 4,019 (1,000)
3,019 4,355
$ 7,374 |
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SUPPLEMENTARY INFORMATION |
FY 2007 |
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Number
of local governmental entities participating…….................................................. Approximate number of employees covered...…….... Approximate number of dependents covered……...... Approximate
number of retirees covered...................... |
501 6,399 4,156 352 |
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AGENCY DIRECTOR |
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During Audit Period: Mr.
Barry S. Maram Currently: Mr. Barry S. Maram |
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