REPORT DIGEST ILLINOIS STATE BOARD OF INVESTMENT COMPLIANCE AUDIT For the Year Ended: June 30, 2001 Summary of Findings: Total this audit 0 Release Date: State of Illinois WILLIAM G. HOLLAND AUDITOR GENERAL To obtain a copy of the Report contact: (217)782-6046 or TDD (217) 524-4646 This Report Digest is also available on |
INTRODUCTION This digest covers our compliance audit of the Board for the year ended June 30, 2001. A financial audit covering the year ending June 30, 2001 was 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, 2001
FINANCIAL STATEMENT ANALYSIS | FY 2001 |
FY 2000 |
Revenues: Investment Income - Interest Investment Income - Dividends Investment Income - Securities Lending Total Investment Income Expenses: Operating Expenses Net Investment Income Realized Gain on Investments Unrealized Gain (Loss) on Investments Change in Investments Member Systems Withdrawals Net Assets, at Beginning of Year Net Assets, at End of Year |
$ 191,525,567 52,761,122 3,607,963 $ 247,894,652
20,598,995 $ 227,295,657 297,832,749 $ (879,643,088) (39,900,000) 9,270,329,398 $ 8,578,081,967 |
$ 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 |
INVESTMENT PORTFOLIO ANALYSIS - Fair Value | JUNE 30, 2001 |
JUNE 30, 2000 |
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 |
$1,134,638,341 799,240,560 108,110,344 55,706 3,777,918,575 3,375,353 5,742,468 1,594,371,444 349,790,999 494,792,298 345,601,984 (52,875) $8,613,585,197 |
$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 |
OPERATING EXPENSES | FY 2001 |
FY 2000 |
Salaries Benefits Rent and Utilities Audit Other External Support: Custody Consulting and Professional Investment Advisors/Managers Investment Services and Research Total Operating Expenses |
$ 1,179,201 310,946 141,212 101,600 140,286
356,068 533,682 17,645,753 190,247 $20,598,995 |
$ 990,253 261,764 152,677 101,225 110,779
343,818 350,891 18,267,452 140,822 $20,719,681 |
SUPPLEMENTARY INFORMATION | FY 2001 |
FY 2000 |
Compounded Annual Rate of Return, Since July 1, 1982 Total Time Weighted Return on Investments Average Number of System Employees Total Brokerage Commissions Paid |
12.1% (7.1)% 12 $4,650,839 |
13.2% 11.8% 12 $5,472,382 |
EXECUTIVE DIRECTOR | ||
During Audit Period: Jane R. Patterson Currently: Jane R. Patterson |