REPORT DIGEST
UNIVERSITY OF ILLINOIS HMO, INC.
FINANCIAL AUDIT
August 31, 2001
and
COMPLIANCE AUDIT
For the Twenty Months Ended:
August 31, 2001
Summary of Findings:
Total this audit 0
Total last audit 0
Repeated from last audit 0
Release Date:
February 7, 2002
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
This report covers our final audit of the UIHMO, Inc. which was dissolved effective August 31, 2001. At that date, all remaining assets and liabilities were transferred to the University of Illinois Hospital for a net distribution of $1,964,397.
FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS
There were no material findings of noncompliance disclosed during our audit tests. We commend the UIHMO for maintaining an effective system of internal controls.
AUDITORS' OPINION
Our auditors stated the UIHMO, Inc.'s statutory financial statements at August 31, 2001 are presented fairly in all material respects.
____________________________________
WILLIAM G. HOLLAND, Auditor General
WGH:KMA:pp
SPECIAL ASSISTANT AUDITORS
Our special assistant auditors were BKD LLP.
{Expenditures and Activity Measures are summarized on the reverse page.}