REPORT DIGEST

CAPITAL DEVELOPMENT BOARD
FINANCIAL AUDIT

For the One Year Ended:
June 30, 2002
And

COMPLIANCE AUDIT

For the Two Years Ended:
June 30, 2002

Summary of Findings:

Total this audit 0
Total last audit 0
Repeated from last audit 0

Release Date:
March 13, 2003

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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
Attn: Records Manager
Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703

(217)782-6046 or TDD (217) 524-4646

This Report Digest is also available on
the worldwide web at
http://www.state.il.us/auditor

  

 

 

INTRODUCTION

 

There were no material findings of noncompliance disclosed by our audit tests. We commend the Board for its efforts in maintaining an effective system of internal controls.

 

AUDITORS' OPINION

Our auditors stated the financial statements of the Capital Development Board for the year ended June 30, 2002 are fairly presented in all material respects.

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

 

WGH:LKW:pp

SPECIAL ASSISTANT AUDITORS

Clifton Gunderson LLP were our special assistant auditors for this engagement.

 

 

{Expenditures and Activity Measures are summarized on the reverse page.}

CAPITAL DEVELOPMENT BOARD
FINANCIAL AND COMPLIANCE AUDIT
For the Period Ended June 30, 2002
EXPENDITURE STATISTICS

FY 2002

FY 2001

FY 2000
Total Expenditures (All Funds)
OPERATIONS TOTAL
% of Total Expenditures
Personal Services
% of Operations Expenditures
Average No. of Employees
Other Payroll Costs (FICA, Retirement)
% of Operations Expenditures
Contractual Services
% of Operations Expenditures
All Other Operations Items
% of Operations Expenditures
CONSTRUCTION TOTAL
% of Total Expenditures
Cost of Property and Equipment (Expressed in Thousands)

$1,153,252,302
$13,935,010
1.21%
$8,296,423
59.54%
187
$2,319,675
16.65%
$693,834
4.98%
$2,625,078
18.83%
$1,139,317,292
98.79%

$186,347

$874,017,340
$13,221,241
1.10%
$8,021,864
60.67%
179
$2,196,209
16.61%
$672,511
5.09%
$2,330,657
17.63%
$860,796,099
98.90%

$216,413

$794,348,983
$11,656,232
1.47%
$7,320,773
62.81%
166
$1,894,743
16.25%
$743,087
6.38%
$1,697,629
14.56%
$782,692,751
98.53%

$164,511
SELECTED ACTIVITY MEASURES

FY 2002

FY 2001

FY 2000
Number of Active Construction Projects*
Number of Design Contracts Processed
Average Construction Time (% of Schedule)
Average Design Time (As a % of Schedule)
Number of Change Orders
Percent of Change Orders to Contract Value
School Construction Grants Awarded

1,003
255
171%
160%
1,900
8.5%
110

1,516
372
196%
128%
2,470
9.1%
70

1,620
274
208%
197%
2,329
8.9%
108

*The number of active projects was calculated in a different way than in previous years, resulting in the drastic differences between years.

AGENCY DIRECTOR(S)
During Audit Period: Kim Robinson, Executive Director
Currently: Dan Egler, Acting Executive Director