REPORT DIGEST JUDGES RETIREMENT SYSTEM OF ILLINOIS COMPLIANCE AUDIT For the Year Ended: June 30, 2000 Summary of Findings: Total this audit 0 Release Date: State of Illinois WILLIAM G. HOLLAND Iles Park Plaza To obtain a copy of the Report contact: (217)782-6046 or TDD (217) 524-4646 This Report Digest is also available on |
INTRODUCTION This digest covers our compliance audit of the System for the year ended June 30, 2000. A financial audit covering the year ending June 30, 2000 is being issued separately. It should be noted that, pursuant to the Illinois Pension Code, investments of the System are managed by the Illinois State Board of Investment. There were no material findings of noncompliance disclosed during our audit tests. We commend the System for maintaining effective fiscal controls.
_____________________________________ WILLIAM G. HOLLAND, Auditor General WGH:RPU:pp SPECIAL ASSISTANT AUDITORS Thomas Havey LLP were our special assistant auditors for this audit.
{Financial Information and Activity Measures are summarized on the reverse page.} |
JUDGES' RETIREMENT SYSTEM OF ILLINOIS
INFORMATION FROM FINANCIAL AND COMPLIANCE AUDITS
TWO YEARS ENDED JUNE 30, 2000
FINANCIAL OPERATIONS | FY 2000 |
FY 1999 |
REVENUES Contributions: Participants Net investment income Total Revenue EXPENSES Benefits: Retirement annuities Refunds Total Expenses |
$12,005,415 9,543,171 $78,265,441
$34,078,117 498,183 $45,093,644 |
$ 11,270,131 9,979,034 $ 74,572,271
$ 31,553,425 296,143 $ 41,503,284 |
SELECTED ACCOUNT BALANCES | JUNE 30, 2000 |
JUNE 30, 1999 |
Cash Receivables Investments, at fair value Property and equipment, net of accumulated depreciation Liabilities Net Assets Held in Trust for Benefits Actuarial Accrued Liability Unfunded Liability |
$7,752,714 |
$7,279,856 |
SUPPLEMENTARY INFORMATION | FY 2000 |
FY 1999 |
Number of System employees (shared with
General Assembly Retirement System) Number of retirees and beneficiaries currently receiving benefits Inactive members not yet receiving benefits Current Members: Vested |
607 |
772
615 |
EXECUTIVE SECRETARY |
During Audit Period: Michael L. Mory Currently: Michael L. Mory |