DEPARTMENT OF HEALTHCARE AND FAMILY SERVICES -
LOCAL GOVERNMENT HEALTH INSURANCE RESERVE FUND
For the Year Ended: June 30, 2009
Summary of Findings:
Total this audit:† 1
Total last audit:† 1
Release Date: May 11, 2010
State of Illinois
Office of the Auditor General
WILLIAM G. HOLLAND
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.auditor.illinois.gov
This digest covers the financial audit of the Local Government Health Insurance Reserve Fund for the year ended June 30, 2009.† The financial audit report includes one significant deficiency in internal control finding.
FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS
FINANCIAL STATEMENT PREPARATION
The Departmentís year-end financial reporting in accordance with generally accepted accounting principles (GAAP) to the Illinois Office of the Comptroller (Comptroller) was not completed timely for the Local Government Health Insurance Reserve Fund (Fund).
During our audit of the June 30, 2009 Fundís GAAP Reporting Package, we noted the GAAP Reporting Package was not submitted to the Comptroller in a timely manner.† The GAAP Reporting Package was submitted to the Comptroller 12 days late.† In addition, the Comptroller submitted to the Department review comments for the GAAP Reporting Package on September 28, 2009; however, the Department did not provide a response to those review comments until October 23, 2009.† Further, the Fundís financial statements were not provided to the auditors until December 8, 2009, five months after the year end.† (Finding 1, pages 19-20)
We recommended the Department implement additional internal control procedures to ensure GAAP Reporting Packages are prepared in a timely manner.
Department officials concurred with our recommendation and stated that they are continually assessing the financial reporting process and implementing procedures to improve upon timeliness and accuracy.† As an ongoing effort the Department continues to strive to meet the mandated deadlines, which resulted in the GAAP Reporting Package being submitted in a more timely manner than in prior years.†
Our auditors state the financial statements of the Local Government Health Insurance Reserve Fund as of June 30, 2009, are fairly presented in all material respects.
WILLIAM G. HOLLAND, Auditor General
This audit was performed by the staff of the Office of the Auditor General.