REPORT DIGEST

ILLINOIS HEALTH FACILITIES AUTHORITY

FINANCIAL AND COMPLIANCE AUDIT
For the Year Ended:
June 30, 1998

Summary of Findings:

Total this audit 0

Total last audit 0

Repeated from last audit 0

Release Date:
April 27, 1999

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, 1998 financial statements of the Authority are fairly presented.

____________________________________
WILLIAM G. HOLLAND, Auditor General

WGH:KMM: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, 1998

REVENUES AND EXPENSES	FY 1998	FY 1997
Total Revenues Application Fee % of Revenues Annual Fees % of Revenues Other Income % of Revenues Total Expenses Salaries and Benefits % of Expenses Average No. of Employees Contractual Services % of Expenses Other Items % of Expenses Net Income Cost of Property and Equipment	$2,502,242 $1,339,193 54% $712,447 28% $450,602 18% $2,161,724 $382,189 18% 6 $1,448,781 67% $330,754 15% $340,518 $242,930	$1,859,420 $772,270 39% $725,450 39% $411,700 22% $1,645,152 $350,416 21% 6 $1,076,587 65% $218,149 14% $214,268 $239,302
SELECTED ACTIVITY MEASURES	FY 1998	FY 1997
Total Number of Bond Issues Total Number of New Bond Issues Total Bond Issue Value Outstanding (in millions)	294 36 $8,630	300 25 $7,271

AGENCY DIRECTOR

During Audit Period: Mary McInerney
Currently: Mary McInerney