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REPORT DIGEST OFFICE OF THE COMPTROLLER - FISCAL
OFFICER RESPONSIBILITIES FINANCIAL AUDIT For the Year Ended: June 30, 2007 Release Date: January 3, 2008
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 Iles Park Plaza 740 E. Ash Street Springfield, IL 62703 (217) 782-6046 or TTY (888) 261-2887 This Report Digest and Full
Report are also available on the worldwide web at |
INTRODUCTION This
digest covers our financial audit of the Office of the Comptroller - Fiscal
Officer Responsibilities, Illinois Traditional Budgetary Financial Report for
the year ended June 30, 2007. A
compliance examination covering the year ended June 30, 2007 will be issued
separately. AUDITORS’ OPINION
Our
auditors stated the fund balances at June 30, 2007, and the receipts and
expenditures for the year then ended relating to the State of Illinois,
Office of the Comptroller - Fiscal Officer Responsibilities’ Traditional
Budgetary Financial Report, are fairly presented in all material respects. _____________________________________ WILLIAM
G. HOLLAND, Auditor General WGH:TLD:pp SPECIAL ASSISTANT AUDITORS Our special assistant auditors were the
firm of Sleeper, Disbrow, Morrison, Tarro & Lively, LLC. |
STATE
OF ILLINOIS
OFFICE
OF THE COMPTROLLER
FISCAL
OFFICER RESPONSIBILITIES
FINANCIAL
AUDIT
FOR
THE YEAR ENDED JUNE 30, 2007
|
|
Fiscal Year 2007 |
Fiscal Year 2006 |
||
|
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................................ |
$641,789 747,003 2,734,068 202,548 638,378 197,453 63,205 471,738 |
$(134,846) 620,391 2,036,749 179,074 638,378 (269,847) (13,955) 414,241 |
$590,434 926,105 2,432,690 532,929 626,210 176,142 68,969 436,667 |
$(290,887) 789,008 1,789,168 532,133 626,210 (326,336) 13,621 387,522 |
|
Sub-total............................... |
$5,696,182 |
$3,470,185 |
$5,790,146 |
$3,520,439 |
|
NON-APPROPRIATED
FUNDS |
|
|
|
|
|
Federal Trust Funds............................ State Trust Funds................................ |
$6,318 1,748,438 |
$5,789 1,693,942 |
$2,345 1,507,593 |
$1,556 1,475,453 |
|
Sub-total............................... |
$1,754,756 |
$1,699,731 |
$1,509,938 |
$1,477,009 |
|
GRAND TOTAL - ALL FUNDS.... |
$7,450,938 |
$5,169,916 |
$7,300,084 |
$4,997,448 |
|
* 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, 2007 |
YEAR
ENDED JUNE
30, 2006 |
|
Total Receipts - All Funds |
$94,421,700 |
$88,898,110 |
|
Total Expenditures
- All Funds |
$94,249,232 |
$88,159,735 |
|
Net Change In
Budgetary Fund Balance - All Funds |
$172,468 |
$738,375 |
|
STATE COMPTROLLER |
|
During Audit
Period: Honorable Daniel W. Hynes Currently: Honorable Daniel W. Hynes |