REPORT DIGEST

ILLINOIS HEALTH FACILITIES AUTHORITY

FINANCIAL AND COMPLIANCE AUDIT

For the Year Ended:
June 30, 2002

Summary of Findings:

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

Release Date:
February 25, 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

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

 

 

AUDITORS’ OPINION

Our auditors state the June 30, 2002 financial statements of the Authority are fairly presented in all material respects.

 

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:TLK:pp

 

SPECIAL ASSISTANT AUDITORS

Nykiel Carlin & Co. 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, 2002

REVENUES AND EXPENSES

FY 2002

FY 2001
Total Revenues

$2,090,116

$1,933,183
Application Fees
% of Revenues

$873,898
42%

$390,647
20%
Annual Fees
% of Revenues

$822,079
39%

$777,991
40%
Investment Income
% of Revenues

$392,894
19%

$659,048
34%
Other Income
% of Revenues

$1,245
0%

$105,497
6%
Total Expenses

$1,874,576

$1,715,229
Salaries and Benefits.............................
% of Expenses................

$432,385
23%

$802,516
47%
Average No. of Employees

5

5
Contractual Services
% of Expenses

$1,213,221
65%

$535,888
31%
Other Items
% of Expenses

$228,970
12%

$376,825
22%
Change in Net Assets

$215,540

$217,954
Cost of Property and Equipment

$14,949

$232,827
SELECTED ACTIVITY MEASURES

FY 2002

FY 2001
Total Number of Bond Issues

266

275
Total Number of New Bond Issues

32

12
Total Bond Issue Value Outstanding (in millions)

$9,416

$9,251
AGENCY DIRECTOR
During Audit Period: Mary McInerney
Currently: Mary McInerney