For the Year Ended:
State of Illinois
WILLIAM G. HOLLAND
To obtain a copy of the Report contact:
(217)782-6046 or TDD (217) 524-4646
This Report Digest is also available on
This digest covers our financial audit of the Board for the year ended June 30, 2002. A compliance audit covering the year ending June 30, 2002 is being issued separately.
MARKET VALUE DECLINE
The Board had a decline in its investment portfolio subsequent to June 30, 2002. As of September 30, 2002 the Board had incurred an approximate $880 million (11.1%) decrease in its investment portfolio since June 30, 2002 due to declines in the domestic and international equity markets.
Our auditors state the June 30, 2002 financial statements of the Board are fairly presented.
WILLIAM G. HOLLAND, Auditor General
SPECIAL ASSISTANT AUDITORS
Our special assistant auditors for this audit were KPMG, LLP.