REPORT DIGEST

ILLINOIS EDUCATIONAL FACILITIES AUTHORITY

FINANCIAL AND COMPLIANCE AUDIT

For the Two Years Ended:

June 30, 2001

Summary of Findings:

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

Release Date:
April 3, 2002

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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

  

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

There were no material findings of noncompliance disclosed during our audit tests.

 

AUDITORS' OPINION

Our auditors state the June 30, 2001 and 2000 financial statements of the Illinois Educational Facilities Authority are fairly presented in all material respects.

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:JAF:pp

 

SPECIAL ASSISTANT AUDITORS

E.C. Ortiz & Co. were our special assistant auditors for this audit.

 

 

 

 

 

{Financial Information and Activity Measures are summarized on the next page.}

 

 

ILLINOIS EDUCATIONAL FACILITIES AUTHORITY
FINANCIAL AND COMPLIANCE AUDIT
For the Two Years Ended June 30, 2001

REVENUE AND EXPENSES STATISTICS

FY 2001

FY 2000

FY 1999
  • REVENUE - Total

Annual Service Fees
% of Total Revenue

Administration, Organization and Other Service Fees
% of Total Revenue

Investment Income
% of Total Revenue

  • EXPENSES - Total

Administrative and Legal
% of Total Expenses

Accounting and Technical
% of Total Expenses

All Other Items
% of Total Expenses

$371,477

$246,345
66%

$76,041
21%

$49,091
13%

$361,696

$213,872
59%

$112,178
31%

$35,646
10%

$403,760

$221,986
55%

$145,408
36%

$36,366
9%

$382,327

$202,381
53%

$106,740
28%

$73,206
19%

$409,311

$274,349
67%

$99,015
24%

$35,947
9%

$335,321

$193,131
57%

$113,047
34%

$29,143
9%
SELECTED ACTIVITY MEASURES

FY 2001

FY 2000

FY 1999
  • Total Number of New Bond Issues

8

7

9
  • Bonds Outstanding as of June 30 (in millions)

$2,325

$2,206

$1,912
AGENCY DIRECTOR(S)
During Audit Period: Thomas P. Conley
Currently: Thomas P. Conley