REPORT DIGEST

ILLINOIS EDUCATIONAL FACILITIES AUTHORITY

 

FINANCIAL AND COMPLIANCE AUDIT

For the Two Years Ended:
June 30, 1999

Summary of Findings:

Total this audit 0

Total last audit 0

Repeated from last audit 0

Release Date:
March 21, 2000

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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

 

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

There were no material findings of noncompliance disclosed during our audit tests.

 

AUDITORS' OPINION

Our auditors state the June 30, 1999 and 1998 financial statements of the Illinois Educational Facilities Authority are fairly presented in all material respects.

 

 

_______________________________

WILLIAM G. HOLLAND, Auditor General

WGH:JAW:ak

 

SPECIAL ASSISTANT AUDITORS

Berg, DeMarco, Lewis, Sawatski & Co. were our special assistant auditors for this audit.

 

 

 

 

 

 

{Financial Information and Activity Measures are summarized on the next page.}

 

 

ILLINOIS EDUCATIONAL FACILITIES AUTHORITY

FINANCIAL AND COMPLIANCE AUDIT

For the Two Years Ended June 30, 1999

REVENUE AND EXPENSES STATISTICS

FY 1999

FY 1998

  • REVENUE

OPERATIONS TOTAL
Application and Administrative Fees
% of Total Revenue
Annual Service Fees
% of Total Revenue
Other Income
% of Total Revenue

  • EXPENSES

OPERATIONS TOTAL
Administrative and Legal
% of Operation Expenses
Accounting and Technical
% of Operation Expenses
All Other Operations Items
% of Operation Expenses

 

$409,311
$99,000
24%
$274,349
67%
$35,962
9%

 

$335,321
$193,131
57%
$113,047
34%
$29,143
9%

 

$379,052
$109,785
29%
$232,723
61%
$36,544
10%

 

$392,135
$199,638
51%
$137,682
35%
$54,915
14%

SELECTED ACTIVITY MEASURES

FY 1999

FY 1998

  • Total Number of Bond Issues

71

72

  • Total Number of New Bond Issues

9

11

  • Bonds Outstanding as of June 30 (in millions)

$1,912

$1,647

AGENCY DIRECTOR(S)
During Audit Period: Thomas P. Conley
Currently: Thomas P. Conley