REPORT DIGEST




DEPARTMENT OF CENTRAL MANAGEMENT SERVICES
ILLINOIS STATE EMPLOYEES' DEFERRED COMPENSATION PLAN




FINANCIAL AUDIT
For the Year Ended:
December 31, 1997




Release Date:
July 22, 1998





State of Illinois
Office of the Auditor General


WILLIAM G. HOLLAND
AUDITOR GENERAL


Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703
(217) 782-6046











INTRODUCTION

Our audit was limited to examining and giving an opinion on the Deferred Compensation Plan's financial statements. A compliance audit of the Plan will be conducted as a part of our next compliance audit of the Department of Central Management Services, the Plan's administering agency.

AUDITORS' OPINION

Our auditors state that the Illinois State Employees' Deferred Compensation Plan financial statements at December 31, 1997 are fairly presented.

_____________________________________
WILLIAM G. HOLLAND, Auditor General

WGH:KMA:pp

SPECIAL ASSISTANT AUDITORS

Clifton Gunderson L.L.C. were our special assistant auditors for this audit.




{Expenditures and Activity Measures are summarized on the reverse page.}


ILLINOIS STATE EMPLOYEES' DEFERRED
COMPENSATION PLAN
FINANCIAL AUDIT
For The Two Years Ended December 31, 1997




FINANCIAL STATISTICS (ALL FUNDS)

1997

1996

Cash and Equivalents
Accounts Receivable
Investments
Other Assets
Total

Current Liabilities
Due to Participants
Retained Earnings
% of Operations Expenditures
Total

$4,687,731
117,322
1,085,896,976
29,105
$1,090,731,134

$258,778
1,087,922,334
2,550,022
$1,090,731,134

 

$2,782,600
85,571
850,200,624
49,990
$853,118,785

$241,701
851,006,088
1,870,996
$853,118,785

 

SELECTED ACTIVITY MEASURES

1997

1996

  • Participant Deferrals
  • Number of Participants
  • Administrative Costs

$105,294,956
39,601
$1,413,393

$89,619,660
36,099
$1,410,990

DIVISION MANAGER
During Audit Period: Don Templeman
Currently: Don Templeman