REPORT DIGEST

ILLINOIS HEALTH FACILITIES AUTHORITY

FINANCIAL AND COMPLIANCE AUDIT

For the Year Ended:
June 30, 1999

Summary of Findings:

Total this audit 0

Total last audit 0

Repeated from last audit 0

 

Release Date:
March 21, 2000

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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, 1999 financial statements of the Authority are fairly presented.

 

 

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:SES: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, 1999

REVENUES AND EXPENSES

FY 1999

FY 1998
Total Revenues

$1,599,533

$2,502,242
Application Fee
% of Revenues

$546,090
34%

$1,339,193
54%
Annual Fees
% of Revenues

$759,493
48%

$712,447
28%
Other Income
% of Revenues

$293,950
18%

$450,602
18%
Total Expenses

$1,455,056

$2,161,724
Salaries and Benefits.............................
% of Expenses................

$437,353
30%

$382,189
18%
Average No. of Employees

6

6
Contractual Services
% of Expenses

$663,315
46%

$1,448,781
67%
Other Items
% of Expenses

$354,388
24%

$330,754
15%
Net Income

$144,477

$340,518
Cost of Property and Equipment

$222,405

$242,930
SELECTED ACTIVITY MEASURES

FY 1999

FY 1998
Total Number of Bond Issues

293

294
Total Number of New Bond Issues

14

36
Total Bond Issue Value Outstanding (in millions)

$9,004

$8,630
AGENCY DIRECTOR
During Audit Period: Mary McInerney
Currently: Mary McInerney