REPORT DIGEST UNIVERSITY OF ILLINOIS HMO, INC. FINANCIAL AUDIT For the Year Ended: December 31, 2000 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 report is limited to our financial audit of the University of Illinois HMO, Inc. for the year ended December 31, 2000. On September 20, 2000, the UIHMO Board of Directors approved the dissolution of the UIHMO to become effective August 31, 2001. All remaining assets and liabilities will be assumed by the University of Illinois Hospital. We will perform a final audit of the UIHMO as of August 31, 2001. AUDITORS' OPINION Our auditors stated the UIHMO, Inc.'s statutory financial statements at December 31, 2000 are presented fairly in all material respects.
____________________________________ WILLIAM G. HOLLAND, Auditor General
WGH:KMA:pp SPECIAL ASSISTANT AUDITORS Olive LLP were our special assistant auditors for this audit. |
UNIVERSITY OF ILLINOIS HMO, INC.
FINANCIAL AUDIT
For The Years Ended December 31, 2000
OPERATIONS | 2000 |
1999 |
Revenues - Premiums Expenses - Health care |
$8,839,126
$7,174,137 |
$14,948,380
$12,520,023 |
BALANCE SHEET ACCOUNTS | AT 12-31-00 | AT 12-31-99 |
Assets - Cash and Short Term Investments Liabilities - Accounts and Claims Payable Net Worth |
$3,238,186
$ 1,477 2,927,858 |
$2,993,006
$ 21,235 |
HMO PRESIDENT | ||
During Audit Period: Diane Eng Currently: Diane Eng |