REPORT DIGEST DEPARTMENT OF HEALTHCARE AND FAMILY SERVICES - COMMUNITY COLLEGE HEALTH INSURANCE SECURITY FUND FINANCIAL AUDIT For the Year Ended: June 30, 2012 Release Date: April 25, 2013 Summary of Findings: Total this audit: 0 Total last audit: 1 Repeated from last audit: 0 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, 2012. At June 30, 2012 the Net Assets Held in Trust for Other Postemployment Benefits reflected a deficit of $37,986,000. Further, the Schedule of Funding Progress reflects an Unfunded Actuarial Accrued Liability of $2,072,790,000. There were no material findings disclosed during our examination. Per the Governor’s Executive Order 12-01, the Department’s respective powers, duties, rights and responsibilities related to the Community College Health Insurance program were transferred to the Department of Central Management Services as of July 1, 2012. AUDITORS’ OPINION Our auditors state the financial statements of the Community College Health Insurance Security Fund as of June 30, 2012, are fairly presented in all material respects. WILLIAM G. HOLLAND Auditor General WGH:tld AUDITORS ASSIGNED: This examination was performed by the Office of the Auditor General’s staff.