|
REPORT DIGEST DEPARTMENT OF CENTRAL MANAGEMENT SERVICES ILLINOIS STATE EMPLOYEES’ DEFERRED COMPENSATION
PLAN FINANCIAL
AUDIT For the Years Ended December 31, 2005 and 2004 Release Date:
June 22, 2006
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 Attn: Records Manager Iles Park Plaza 740 E. Ash Street Springfield, IL 62703 (217) 782-6046 or TTY (888) 261-2887 This Report Digest is also
available on the worldwide web at http://www.state.il.us/auditor |
INTRODUCTION Our audit was limited to examining and
giving an opinion on the Deferred Compensation Plan's financial
statements. A compliance examination
of the Plan will be conducted as a part of our next compliance examination of
the Department of Central Management Services, the Plan's administering
agency.
AUDITORS'
OPINION
Our auditors stated the Illinois State
Employees' Deferred Compensation Plan’s financial statements as of and for
the years ended December 31, 2005 and 2004 were fairly presented in all
material respects.
_____________________________________ WILLIAM G. HOLLAND, Auditor General WGH:KAL:pp SPECIAL ASSISTANT AUDITORS
Sikich, LLP were our special assistant
auditors.
{Financial Data and
Activity Measures are summarized on the reverse page.} |
ILLINOIS STATE EMPLOYEES'
DEFERRED
COMPENSATION
PLAN
FINANCIAL
AUDIT
For
The Years Ended December 31, 2005 and 2004
ADMINISTRATIVE COSTS |
2005 |
2004 |
||||||||
|
Salaries.................................................................... Fringe Benefits..........................................................
Telecommunication
services.......................................
Statistical services..................................................... Travel.......................................................................
Printing
Commodities.............................................................
Depreciation.............................................................
Office supplies.......................................................... Total Administrative Costs....................................
|
$ 636,650
324,636
9,716
66,470
1,950
128,695
6,331
468
26,018
986
2,588
$1,204,508 |
$ 646,233
340,001
21,246
24,223
4,059
146,552
6,089
0
23,172
0
4,187
$1,215,762 |
||||||||
|
INVESTMENT PORTFOLIO – Fair Value |
2005 |
2004 |
||||||||
|
Stable
Return Fund................................................... Mutual
Funds............................................................ Annuities................................................................... Total Investments.................................................. |
$ 540,743,183
1,997,085,631
2,070,903
$2,539,899,717 |
$ 513,449,903
1,823,666,543
2,310,987
$2,339,427,433 |
||||||||
|
SELECTED
ACTIVITY MEASURES |
2005 |
2004 |
||||||||
|
Number of Participants.............................................. |
51,651 |
51,781 |
||||||||
|
Average Account Value............................................ |
$49,174 |
$45,179 |
||||||||
ACTING DIVISION
MANAGER
|
|
|
||||||||
|
During Audit Period:
Mr. Jason Musgrave Currently: Mr.
Jason Musgrave |
|
|
||||||||