REPORT DIGEST
DEPARTMENT OF HUMAN SERVICES
CENTRAL OFFICE
FINANCIAL AUDIT
For the Year Ended:
June 30, 2002
Release Date:
April 3, 2003
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
This digest covers our financial audit of the Department of Human Services for the year ended June 30, 2002. A two year compliance audit and a one year financial audit will be performed for the period ended June 30, 2003.
NEW ACCOUNTING PRONOUNCEMENTS
Effective July 1, 2001, the Department adopted the provisions of Governmental Accounting Standards Board (GASB) Statement No. 34, Basic Financial Statements – and Management’s Discussion and Analysis – for State and Local Governments and Statement No. 37, Basic Financial Statements and Management’s Discussion and Analysis for State and Local Governments: Omnibus. These Statements established new financial reporting requirements and significantly changes the format and content of the Department’s financial statements. They require new information and restructure much of the information that the Department has presented in the past.
Effective July 1, 2001, the Department adopted the provisions of GASB Statement No. 38, Certain Financial Statement Note Disclosures. This Statement modifies, establishes, and rescinds certain financial statement note disclosures.
AUDITORS' OPINION
Our auditors stated the Department's financial statements at June 30, 2002 are fairly presented in all material respects.
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WILLIAM G. HOLLAND, Auditor General
WGH:RPU:pp
SPECIAL ASSISTANT AUDITORS
Sikich Gardner & Co, LLP were our special assistant auditors for this audit.
{Selected financial information is summarized on the next page.}