REPORT DIGEST

ILLINOIS HEALTH FACILITIES AUTHORITY 

FINANCIAL AND COMPLIANCE AUDIT
For the Year Ended:
June 30, 1998

Summary of Findings:

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


Release Date:
April 27, 1999


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

Our report disclosed no material compliance findings. The Authority is commended for maintaining effective fiscal controls.

 

AUDITORS' OPINION

Our auditors state the June 30, 1998 financial statements of the Authority are fairly presented.

 

____________________________________
WILLIAM G. HOLLAND, Auditor General

WGH:KMM:pp

 

SPECIAL ASSISTANT AUDITORS

Arthur Andersen LLP were our special assistant auditors on this audit.

 

 

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


ILLINOIS HEALTH FACILITIES AUTHORITY
FINANCIAL AND COMPLIANCE AUDIT
For The Year Ended June 30, 1998

REVENUES AND EXPENSES

FY 1998

FY 1997

Total Revenues
Application Fee
% of Revenues
Annual Fees
% of Revenues 
Other Income
% of Revenues

Total Expenses
Salaries and Benefits
% of Expenses
Average No. of Employees
Contractual Services
% of Expenses
Other Items
% of Expenses

Net Income

Cost of Property and Equipment

$2,502,242
$1,339,193
54%
$712,447
28%
$450,602
18%

$2,161,724
$382,189
18%
6
$1,448,781
67%
$330,754
15%

$340,518

$242,930

$1,859,420
$772,270
39%
$725,450
39%
$411,700
22%

$1,645,152
$350,416
21%
6
$1,076,587
65%
$218,149
14%

$214,268

$239,302

SELECTED ACTIVITY MEASURES

FY 1998

FY 1997

Total Number of Bond Issues
Total Number of New Bond Issues
Total Bond Issue Value Outstanding (in millions)

294
36
$8,630

300
25
$7,271

AGENCY DIRECTOR
During Audit Period: Mary McInerney
Currently: Mary McInerney