REPORT DIGEST

ILLINOIS STATE BOARD OF INVESTMENT

COMPLIANCE AUDIT

For the Year Ended:
June 30, 2000

Summary of Findings:

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

Release Date:
March 27, 2001

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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

This digest covers our compliance audit of the Board for the year ended June 30, 2000. A financial audit covering the year ending June 30, 2000 is being issued separately. There were no material findings of noncompliance disclosed during our audit tests. We commend the Board for maintaining effective fiscal controls.

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:RPU:pp

SPECIAL ASSISTANT AUDITORS

KPMG, LLP were our special assistant auditors for this audit.

 

{Financial Information is summarized on the reverse page.}

 

 

 

 

ILLINOIS STATE BOARD OF INVESTMENT
INFORMATION FROM FINANCIAL AND COMPLIANCE AUDITS
YEAR ENDED JUNE 30, 2000

FINANCIAL STATEMENT ANALYSIS

FY 2000

FY 1999

Revenues:
Investment Income - Interest
Investment Income - Dividends
Investment Income - Securities Lending
Total Investment Income

Expenses:
Operating Expenses

Net Investment Income
Net Realized Gain on Investments
Net Change in Unrealized Gain on Investments
Change in Investments
Member Systems’ Withdrawals
Net Assets, at Beginning of Year

Net Assets, at End of Year


$ 172,452,202
55,256,052
3,658,079
$ 231,366,333

20,719,681

$ 210,646,652
981,404,165
(214,981,485)
$ 977,069,332
(15,700,000)
8,308,960,066

$9,270,329,398


$ 174,325,319
53,130,599
2,602,987
$ 230,058,905

15,912,548

$ 214,146,357
590,931,959
150,072,323
$ 955,150,639
(26,100,000)
7,379,909,427

$8,308,960,066

INVESTMENT PORTFOLIO ANALYSIS - Fair Value

JUNE 30, 2000

JUNE 30, 1999

Total Government Obligations
Total Corporate Obligations
Foreign Obligations
Convertible Bonds
Common Stock & Equities
Convertible Preferred Stock
Preferred Stock
Foreign Equity Securities
Real Estate Investments
Alternative Investments
Money Market Investments

Forward Foreign Currency Contracts

Total Investment Portfolio

$1,154,131,028
543,874,357
68,212,655
10,928,836
3,957,626,585
38,141,900
6,764,833
2,086,712,466
284,414,376
535,793,992
606,334,768

341,876

$9,293,277,672

$1,081,840,850
476,507,428
43,324,091
10,802,791
3,946,786,728
34,850,689
25,085,532
1,714,207,025 216,350,722
355,128,394
421,186,286


442,111


$8,326,512,647

OPERATING EXPENSES

FY 2000

FY 1999

Personal Services
Rent and Utilities
Audit
Other
External Support:
Custody
Consulting and Professional
Investment Advisors/Managers
Investment Services and Research
Total Operating Expenses
$ 1,252,017
152,677
101,225
110,779

343,818
350,891
18,267,452
140,822
$20,719,681

$ 1,139,998
78,483
76,637
125,207

300,000
314,565
13,768,836
108,822
$15,912,548

SUPPLEMENTARY INFORMATION

FY 2000

FY 1999

Compounded Annual Rate of Return, Since July 1, 1982

Total Time Weighted Return on Investments, FY00

Average Number of System Employees
Total Brokerage Commissions Paid

13.2%

11.8%

 

12
$5,472,382

13.3%

12.9%

 

11
$5,587,069

EXECUTIVE DIRECTOR

During Audit Period: Jane R. Patterson
Currently: Jane R. Patterson