REPORT DIGEST ILLINOIS STATE BOARD OF INVESTMENT For the Year Ended: Summary of Findings: Total this audit 0 Release Date: State of Illinois Office of the Auditor General 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, 2002. A financial audit covering the year ending June 30, 2002 was 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:TLK: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, 2002
FINANCIAL STATEMENT ANALYSIS | FY 2002 |
FY 2001 |
Revenues: Investment Income - Interest Investment Income - Dividends Investment Income - Securities Lending Total Investment Income Expenses: Operating Expenses Net Investment Income Realized Gain (Loss) on Investments Unrealized (Loss) on Investments Change in Investments Member Systems Withdrawals Net Assets, at Beginning of Year Net Assets, at End of Year |
$ 197,123,916 |
$ 227,295,657 |
INVESTMENT PORTFOLIO ANALYSIS Fair Value | JUNE 30, 2002 |
JUNE 30, 2001 |
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 |
$1,057,628,472 |
$1,134,638,341 |
OPERATING EXPENSES | FY 2002 |
FY 2001 |
Salaries Benefits Rent and Utilities Audit Other External Support: Custody Consulting and Professional Investment Advisors/Managers Investment Services and Research Total Operating Expenses |
$1,162,229 358,068 |
$1,179,201 356,068 |
SUPPLEMENTARY INFORMATION | FY 2002 |
FY 2001 |
Compounded Annual Rate of Return, Since July 1, 1982 Total Time Weighted Return on Investments Average Number of System Employees Total Brokerage Commissions Paid |
11.1% |
12.1% |
EXECUTIVE DIRECTOR | ||
During Audit Period: Jane R.
Patterson Currently: Jane R. Patterson |