STATE OF NEW JERSEY SMALL EMPLOYER HEALTH BENEFITS PROGRAM Financial Statements as of and for the year ended June 30, 2001 And Independent Auditors’ Report STATE OF NEW JERSEY SMALL EMPLOYER HEALTH BENEFITS PROGRAM Table of Contents Page Independent Auditors’ Report 1 Financial Statements as of and for the Year Ended June 30, 2001: Balance Sheet 2 Statement of Revenues, Expenditures and Changes in Fund Balance 3 Notes to Financial Statements 4-7 Independent Auditors’ Report on Internal Control over Financial Reporting and On Compliance and Other Matter based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 8-9 Certified Public Accountants 293 Eisenhower Parkway, Suite 270 Livingston, New Jersey 07039 (973) 535-2880 ______________________________________________________________________________ McENERNEY, BRADY & COMPANY, LLC INDEPENDENT AUDITORS’ REPORT Board of Directors State of New Jersey Small Employer Health Benefits Program Trenton, New Jersey We have audited the accompanying balance sheet of the State of New Jersey Small Employer Health Benefits Program (the “Program”), as of June 30, 2001 and the related statement of revenues, expenditures and changes in fund balance for the year then ended. Our ...