REPORT DIGEST

ILLINOIS HEALTH FACILITIES AUTHORITY

FINANCIAL AND COMPLIANCE AUDIT

For the Year 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

  

 

 

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, 2001 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, 2001

REVENUES AND EXPENSES

FY 2001

FY 2000
Total Revenues

$1,933,183

$1,857,606
Application Fees
% of Revenues

$390,647
20%

$725,924
39%
Annual Fees
% of Revenues

$777,991
40%

$765,871
41%
Investment Income
% of Revenues

$659,048
34%

$365,811
20%
Other Income
% of Revenues

$105,497
6%

-
-
Total Expenses

$1,715,229

$1,621,538
Salaries and Benefits.............................
% of Expenses................

$802,516
47%

$441,485
27%
Average No. of Employees

5

6
Contractual Services
% of Expenses

$535,888
31%

$886,075
55%
Other Items
% of Expenses

$376,825
22%

$293,978
18%
Net Income

$217,954

$236,068
Cost of Property and Equipment

$232,827

$232,066
SELECTED ACTIVITY MEASURES

FY 2001

FY 2000
Total Number of Bond Issues

275

277
Total Number of New Bond Issues

12

20
Total Bond Issue Value Outstanding (in millions)

$9,251

$9,336
AGENCY DIRECTOR
During Audit Period: Mary McInerney
Currently: Mary McInerney