Illinois Auditor General William G. Holland

WELCOME TO THE
ILLINOIS AUDITOR GENERAL'S HOMEPAGE

The Auditor General is a constitutional officer of the State of Illinois charged with reviewing the obligation, expenditure, receipt and use of public funds. The office issues approximately 150 post-audits of State agencies each year, reviewing an agency's financial records, compliance with State and federal laws and regulations, and program performance after the close of its fiscal year.

Report digests (summaries) and full audit reports of released audits are available on-line. The full text of an older audit not available on-line can be obtained by contacting our Office.

Taxpayer Accountability Report #11 –

Released February 21, 2012

Report Pursuant to the Taxpayer Accountability and Budget Stabilization Act
(P.A. 96-1496)

Report #11, posted February 21, 2012 - PDF (best version for printing)

Report #11, posted February 21, 2012*

Earlier reports available here.

RECENTLY RELEASED AUDITS

February 21, 2012

SUPPLEMENTAL DIGEST TO RETIREMENT SYSTEMS' AUDITS

According to figures provided by the retirement systems, the cumulative unfunded actuarial accrued liability for the five State financed retirement systems as of June 30, 2011 was $82.9 billion when using the “smoothed” valuation of assets. The unfunded actuarial accrued liability increased $7.2 billion (9.5%) during FY2011 when using this method. Pursuant to Public Act 96-0043, during FY2009 the State changed from valuing retirement system assets for actuarial purposes from fair value for the calculation of annual required contributions to a methodology which “smoothes” gains or losses incurred during a fiscal year in equal amounts over a five year period, beginning with the year the gains or losses were first incurred. When using the fair value of assets, the unfunded accrued liability decreased $2.5 billion (2.9%) during FY2011.

To view additional information, please click HERE to read the FULL Supplemental Digest
State Employees Retirement System of Illinois – Financial Audit
Summary Report Digest - PDF (best version for printing)
Summary Report Digest*
Full Report
Judges' Retirement System of Illinois – Financial Audit
Summary Report Digest - PDF
Summary Report Digest*
Full Report
General Assembly Retirement System of Illinois – Financial Audit
Summary Report Digest - PDF
Summary Report Digest*
Full Report
Western Illinois University – Financial Audit
Summary Report Digest - PDF
Summary Report Digest*
Full Report
Regional Office of Education #03: Bond, Effingham and Fayette Counties – Financial Audit
Summary Report Digest - PDF
Summary Report Digest*
Full Report
Regional Office of Education #12: Clay, Crawford, Jasper, Lawrence and Richland Counties – Financial Audit
Summary Report Digest - PDF
Summary Report Digest*
Full Report
Regional Office of Education #21: Franklin and Williamson Counties – Financial Audit
Summary Report Digest - PDF
Summary Report Digest*
Full Report
Regional Office of Education #24: Grundy and Kendall Counties – Financial Audit
Summary Report Digest - PDF
Summary Report Digest*
Full Report