REPORT DIGEST

 

OFFICE OF THE COMPTROLLER - FISCAL OFFICER RESPONSIBILITIES

 

 

FINANCIAL AUDIT

For the Year Ended:

June 30, 2007

 

Release Date:

January 3, 2008

 

 

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

Iles Park Plaza

740 E. Ash Street

Springfield, IL 62703

(217) 782-6046 or TTY (888) 261-2887

 

This Report Digest and Full Report are also available on

the worldwide web at

http://www.state.il.us/auditor

 

 

 

 

 

 

 

INTRODUCTION

 

††††† This digest covers our financial audit of the Office of the Comptroller - Fiscal Officer Responsibilities, Illinois Traditional Budgetary Financial Report for the year ended June 30, 2007.A compliance examination covering the year ended June 30, 2007 will be issued separately.

 

 

AUDITORSí OPINION

 

††††† Our auditors stated the fund balances at June 30, 2007, and the receipts and expenditures for the year then ended relating to the State of Illinois, Office of the Comptroller - Fiscal Officer Responsibilitiesí Traditional Budgetary Financial Report, are fairly presented in all material respects.

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:TLD:pp

 

 

 

SPECIAL ASSISTANT AUDITORS

 

††††† Our special assistant auditors were the firm of Sleeper, Disbrow, Morrison, Tarro & Lively, LLC.

 

†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††

 

 


STATE OF ILLINOIS

OFFICE OF THE COMPTROLLER

FISCAL OFFICER RESPONSIBILITIES

FINANCIAL AUDIT

FOR THE YEAR ENDED JUNE 30, 2007

 

 

Fiscal Year 2007

Fiscal Year 2006

 

FUND BALANCE (Amounts in Thousands)

 

Cash

Balance

 

Budgetary

Balances*

 

Cash

Balance

 

Budgetary

Balance*

APPROPRIATED FUNDS

General Funds.....................................

Highway Funds...................................

Special State Funds.............................

Bond Financed Funds.........................

Debt Service Funds.............................

Federal Trust Funds............................

Revolving Funds..................................

State Trust Funds................................

 

$641,789

747,003

2,734,068

202,548

638,378

197,453

63,205

471,738

 

$(134,846)

620,391

2,036,749

179,074

638,378

(269,847)

(13,955)

414,241

 

$590,434

926,105

2,432,690

532,929

626,210

176,142

68,969

436,667

 

$(290,887)

789,008

1,789,168

532,133

626,210

(326,336)

13,621

387,522

 

††††††††††† Sub-total...............................

$5,696,182

 

$3,470,185

$5,790,146

 

$3,520,439

 

NON-APPROPRIATED FUNDS

 

 

 

 

 

Federal Trust Funds............................

State Trust Funds................................

 

$6,318

1,748,438

 

$5,789

1,693,942

 

$2,345

1,507,593

 

$1,556

1,475,453

 

††††† ††††† Sub-total...............................

 

$1,754,756

 

$1,699,731

 

$1,509,938

 

$1,477,009

 

GRAND TOTAL - ALL FUNDS....

 

$7,450,938

 

$5,169,916

 

$7,300,084

 

$4,997,448

 

*†† Budgetary Balances represent the balances remaining after reduction of Cash Balances at June 30 by expenditures made during the lapse period.

 

 

 

FINANCIAL HIGHLIGHTS (Amounts in Thousands)

YEAR ENDED

JUNE 30, 2007

YEAR ENDED

JUNE 30, 2006

Total Receipts - All Funds

$94,421,700

$88,898,110

Total Expenditures - All Funds

$94,249,232

$88,159,735

Net Change In Budgetary Fund Balance - All Funds

$172,468

$738,375

 

STATE COMPTROLLER

During Audit Period:Honorable Daniel W. Hynes

Currently:Honorable Daniel W. Hynes