REPORT DIGEST ILLINOIS STATE BOARD OF INVESTMENT COMPLIANCE AUDIT For the Year Ended: Summary of Findings: Total this audit 0 Release Date: State of Illinois WILLIAM G. HOLLAND AUDITOR GENERAL To obtain a copy of the Report contact: (217)782-6046 or TDD (217) 524-4646 This Report Digest is also available on |
INTRODUCTION This digest covers our compliance audit of the Board for the year ended June 30, 2000. A financial audit covering the year ending June 30, 2000 is being issued separately. There were no material findings of noncompliance disclosed during our audit tests. We commend the Board for maintaining effective fiscal controls.
____________________________________ WILLIAM G. HOLLAND, Auditor General WGH:RPU:pp SPECIAL ASSISTANT AUDITORS KPMG, LLP were our special assistant auditors for this audit.
{Financial Information is summarized on the reverse page.} |
ILLINOIS STATE BOARD OF INVESTMENT
INFORMATION FROM FINANCIAL AND COMPLIANCE AUDITS
YEAR ENDED JUNE 30, 2000
FINANCIAL STATEMENT ANALYSIS | FY 2000 |
FY 1999 |
Revenues: Expenses: Net Investment Income Net Assets, at End of Year |
$ 172,452,202 55,256,052 3,658,079 $ 231,366,333 20,719,681 $ 210,646,652 |
$ 174,325,319 53,130,599 2,602,987 $ 230,058,905 15,912,548 $ 214,146,357 $8,308,960,066 |
INVESTMENT PORTFOLIO ANALYSIS - Fair Value | JUNE 30, 2000 |
JUNE 30, 1999 |
Total Government Obligations Total Corporate Obligations Foreign Obligations Convertible Bonds Common Stock & Equities Convertible Preferred Stock Preferred Stock Foreign Equity Securities Real Estate Investments Alternative Investments Money Market Investments Forward Foreign Currency Contracts Total Investment Portfolio |
$1,154,131,028 543,874,357 68,212,655 10,928,836 3,957,626,585 38,141,900 6,764,833 2,086,712,466 284,414,376 535,793,992 606,334,768 341,876 $9,293,277,672 |
$1,081,840,850 476,507,428 43,324,091 10,802,791 3,946,786,728 34,850,689 25,085,532 1,714,207,025 216,350,722 355,128,394 421,186,286
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OPERATING EXPENSES | FY 2000 |
FY 1999 |
Personal Services Rent and Utilities Audit Other External Support: Custody Consulting and Professional Investment Advisors/Managers Investment Services and Research Total Operating Expenses |
$ 1,252,017 152,677 101,225 110,779 343,818 |
$ 1,139,998 78,483 76,637 125,207 300,000 |
SUPPLEMENTARY INFORMATION | FY 2000 |
FY 1999 |
Compounded Annual Rate of Return, Since July 1, 1982 Total Time Weighted Return on Investments, FY00 Average Number of System Employees |
13.2% 11.8%
12 |
13.3% 12.9%
11 |
EXECUTIVE DIRECTOR | ||
During Audit Period: Jane R. Patterson |