REPORT DIGEST

DEPARTMENT OF INSURANCE

FINANCIAL AND COMPLIANCE AUDIT
(In Accordance with the Single Audit Act and OMB Circular A-133
For the Two Years Ended:
June 30, 1999

Summary of Findings:

Total this audit                 0
Total last audit                 2
Repeated from last audit 0

 

Release Date:
February 16, 2000

Logo.gif (1870 bytes)

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. We commend the Department for maintaining an effective system of internal controls.

 

AUDITORS’ OPINION

The auditors state the Department of Insurance’s financial statements for the two years ended June 30, 1999 are fairly presented.

 

___________________________________
WILLIAM G. HOLLAND, Auditor General

 

WGH:JSC:pp

 

SPECIAL ASSISTANT AUDITORS

Clifton Gunderson L.L.C. were our special assistant auditors for this audit.

 

 

 

DEPARTMENT OF INSURANCE
FINANCIAL AND COMPLIANCE AUDIT
For The Two Years Ended June 30, 1999
EXPENDITURE STATISTICS

FY 1999

FY 1998

FY 1997

Total Expenditures (All Funds)

$23,927,328

$23,058,406

$21,694,666

Personal Services
% of Total Expenditures
Average No. of Employees

Other Payroll Costs (FICA,
   Retirement)
% of Total Expenditures

Contractual Services
% of Total Expenditures

All Other Operations Items
% of Total Expenditures

REFUNDS TOTAL
% of Total Expenditures

Cost of Property and Equipment

$14,750,728
61.7%
371


$4,939,710
20.6%

$2,246,116
9.4%

$1,939,868
8.1%

$50,906
.2%

$5,705,000

$14,410,480
62.5%
362


$4,205,961
18.2%

$2,416,186
10.5%

$1,914,071
8.3%

$111,708
.5%

$6,087,000

$13,809,884
63.7%
352


$3,738,549
17.2%

$2,341,130
10.8%

$1,658,243
7.6%

$146,860
.7%

$6,263,000
SELECTED ACTIVITY MEASURES

FY 1999

FY 1998

FY 1997
Financial/Corporate Regulation
Financial Statement Analysis
Field Financial Examinations

Consumer Services
Insurance Agency Examinations
Closed Complaint Files
Market Conduct Examinations

Pension Division
Pension Fund Examinations


572
124


429
14,371
51


28


569
127


1,657
13,675
44


42


607
110


923
13,715
44


80
AGENCY DIRECTOR(S)
During Audit Period:  Mark Boozell (7/1/97 - 2/28/98), Arnold Dutcher (3/1/98 - 1/15/99,
                                 Nathaniel Shapo (1/16/99 - 6/30/99

Currently:  Nathaniel Shapo