REPORT DIGEST

ILLINOIS HEALTH FACILITIES AUTHORITY

FINANCIAL AND COMPLIANCE AUDIT

For the Year Ended:

June 30, 2000

Summary of Findings:

Total this audit 0

Total last audit 0

Repeated from last audit 0

Release Date:
March 22, 2001

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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

Our report disclosed no material compliance findings. The Authority is commended for maintaining effective fiscal controls.

 

AUDITORS’ OPINION

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

 

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:KMA:pp

 

 

SPECIAL ASSISTANT AUDITORS

Arthur Andersen LLP were our special assistant auditors on this audit.

 

 

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

 

ILLINOIS HEALTH FACILITIES AUTHORITY
FINANCIAL AND COMPLIANCE AUDIT
For The Year Ended June 30, 2000

REVENUES AND EXPENSES

FY 2000

FY 1999
Total Revenues

$1,857,606

$1,599,533
Application Fee
% of Revenues

$725,924
39%

$546,090
34%
Annual Fees
% of Revenues

$765,871
41%

$759,493
48%
Other Income
% of Revenues

$365,811
20%

$293,950
18%
Total Expenses

$1,621,538

$1,455,056
Salaries and Benefits.............................
% of Expenses................

$441,485
27%

$437,353
30%
Average No. of Employees

6

6
Contractual Services
% of Expenses

$886,075
55%

$663,315
46%
Other Items
% of Expenses

$293,978
18%

$354,388
24%
Net Income

$236,068

$144,477
Cost of Property and Equipment

$232,066

$222,405
SELECTED ACTIVITY MEASURES

FY 2000

FY 1999
Total Number of Bond Issues

277

293
Total Number of New Bond Issues

20

14
Total Bond Issue Value Outstanding (in millions)

$9,336

$9,004
AGENCY DIRECTOR
During Audit Period: Mary McInerney
Currently: Mary McInerney