REPORT DIGEST DEPARTMENT OF CENTRAL MANAGEMENT SERVICES – COMMUNITY COLLEGE HEALTH INSURANCE SECURITY FUND FINANCIAL AUDIT For the Year Ended June 30, 2014 Release Date: February 19, 2015 FINDINGS THIS AUDIT: 0 FINDINGS LAST AUDIT: 1 State of Illinois, Office of the Auditor General WILLIAM G. HOLLAND, AUDITOR GENERAL To obtain a copy of the Report contact: Office of the Auditor General, Iles Park Plaza, 740 E. Ash Street, Springfield, IL 62703 (217) 782-6046 or TTY (888) 261-2887 This Report Digest and Full Report are also available on the worldwide web at www.auditor.illinois.gov INTRODUCTION This report covers our financial audit of the Community College Health Insurance Security Fund for the year ended June 30, 2014. At June 30, 2014 the Net Position Held in Trust for Other Postemployment Benefits reflected a deficit of $18,613,000. Further, the Schedule of Funding Progress reflects an Unfunded Actuarial Accrued Liability of $2,395,434,000. There were no material findings of noncompliance disclosed during our examination. AUDITORS' OPINION Our auditors state the financial statements of the Community College Health Insurance Security Fund as of June 30, 2014, are fairly presented in all material respects. WILLIAM G. HOLLAND Auditor General WGH:skm SPECIAL ASSISTANT AUDITORS Our Special Assistant Auditors for this audit were Sikich LLP.