Recently Released Audits



March 7, 2017


  • SUMMARY OF REPORT DIGEST TO STATEWIDE FINANCIAL AUDIT

    • The financial statements of the State of Illinois at June 30, 2016 reflect the following:

        • The net position of governmental activities continued to deteriorate and the deficit increased by $6.3 billion from FY15 to FY16. Overall, the net position of governmental activities is reported as a deficit of $131.6 billion.

         

        Exhibit 1 image




    • Over time, increases and decreases in net position measure whether the State's financial position is improving or deteriorating.

      • The General Fund deficit increased by $2.7 billion from FY15 to FY16. The June 30, 2016 deficit was $9.6 billion.

      Exhibit 2 image

     

To view additional information, please click HERE to read the FULL Report Digest - PDF (best version for printing)

Comprehensive Annual Financial Report (CAFR) and Related Report on Internal Control and Compliance for the Period Ending June 30, 2016

Summary Report Digest - PDF
Summary Report Digest*

Full CAFR Report for 2016
Note: The link above redirects to the State Comptroller's web site.


Full Report – Internal Control and Compliance