REPORT DIGEST

OFFICE OF THE COMPTROLLER
FISCAL OFFICER RESPONSIBILITIES
FINANCIAL AND COMPLIANCE AUDIT

For the Year Ended:
June 30, 2002

Summary of Findings:

Total this audit 0
Total last audit 1
Repeated from last audit 0

Release Date:
June 19, 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 2002 audit of the Comptroller's Fiscal Officer Responsibilities is presented in two parts. The compliance part is presented in one report and the financial part is presented in the State Comptroller's "Traditional Budgetary Financial Report." Our opinion on the Statewide basic financial statements prepared in accordance with generally accepted accounting principles is contained in the separately issued Comprehensive Annual Financial Report.

FINDING, CONCLUSION, AND RECOMMENDATION

There were no material findings of noncompliance disclosed during our audit tests. We commend the Office of the Comptroller Fiscal Officer Responsibilities for maintaining effective internal controls.

AUDITORS’ OPINIONS

Our auditors state the Statement of Fund Balances – Budgetary Basis and Statement of Receipts and Expenditures – Budgetary Basis as of and for the year ended June 30, 2002 were fairly presented in all material respects.
In addition, the Comptroller has issued a separate Comprehensive Annual Financial Report that has additional details on the financial activities of State agencies and funds. Our auditors report the basic financial statements in the Comprehensive Annual Financial Report as of and for the year ended June 30, 2002 are fairly presented in all material respects.

_____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:RPU:pp

SPECIAL ASSISTANT AUDITORS

The firm of Sleeper, Disbrow, Morrison, Tarro & Lively, LLC were our special assistant auditors.
{Financial Information and Activity Measures are summarized on the next page.}

OFFICE OF THE COMPTROLLER - STATE OF ILLINOIS
FISCAL OFFICER RESPONSIBILITIES
FINANCIAL AND COMPLIANCE AUDIT
FOR THE YEAR ENDED JUNE 30, 2002
 

Fiscal Year 2002

Fiscal Year 2001
FUND BALANCE (Amounts in Thousands)

Cash Balance

Budgetary Balances*

Cash Balance

Budgetary Balance*
APPROPRIATED FUNDS
General Funds
Highway Funds
Special State Funds
Bond Financed Funds
Debt Service Funds
Federal Trust Funds
Revolving Funds
State Trust Funds


$256,219
1,198,335
2,179,801
269,427
487,351
216,624
46,912
287,653


$(1,220,060)
1,071,383
1,715,661
265,375
487,351
(38,974)
18,547
228,785


$1,125,673
1,310,499
2,153,067
494,065
436,280
225,357
42,760
179,960


$ 300,145
1,188,397
1,727,594
492,858
436,280
15,258
6,904
110,101
Sub-total

$4,942,322

$2,528,068

$5,967,661

$4,277,537
NON-APPROPRIATED FUNDS
Federal Trust Funds
State Trust Funds

$ 3,644
1,047,405

$ 3,316
1,007,196

$ 7,891
1,163,894

$ 7,358
1,140,129
Sub-total

$1,051,049

$1,010,512

$1,171,785

$1,147,487
GRAND TOTAL - ALL FUNDS

$5,993,371

$3,538,580

$7,139,446

$5,425,024
* Budgetary Balances represent the balances remaining after reduction of Cash Balances at June 30 by expenditures made during the lapse period.
FINANCIAL HIGHLIGHTS (Amounts in Thousands)

YEAR ENDED JUNE 30, 2002

YEAR ENDED JUNE 30, 2001
Total Receipts - All Funds

$69,506,864

$67,281,732
Total Expenditures - All Funds

$71,393,308

$67,742,406
Net Change In Budgetary Fund Balance - All Funds

$(1,886,444)

$ (460,674)

STATE COMPTROLLER
During Audit Period: Honorable Daniel Hynes
Currently: Honorable Daniel Hynes