REPORT DIGEST

PUBLIC SCHOOL TEACHERS’
PENSION AND RETIREMENT FUND OF CHICAGO

Special Limited Compliance Examination
Testing of State Appropriations
For the Two Years Ended June 30, 2015

Release Date:  March 3, 2016

State of Illinois, Office of the Auditor
General
FRANK J. MAUTINO, 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

The Illinois General Assembly makes direct
appropriations annually to the Public School
Teachers’ Pension and Retirement Fund of
Chicago (Fund). The appropriations and
expenditures from the General Revenue Fund
totaled $11,903,000 in Fiscal Year 2014 and
$62,145,000 in Fiscal Year 2015.  Our
special compliance testing was limited to
these State appropriated expenditures made
directly to the Public School Teachers’
Pension and Retirement Fund of Chicago.

There were no material findings of
noncompliance disclosed during our
examination.

ACCOUNTANT’S OPINION

We conducted a compliance examination of the
Public School Teachers’ Pension and
Retirement Fund of Chicago for the two years
ended June 30, 2015 as required by the
Illinois State Auditing Act.  The
accountants stated the Public School
Teachers’ Pension and Retirement Fund of
Chicago complied, in all material respects,
with the requirements described in the
report.

FRANK J. MAUTINO
Auditor General

FJM:JGR

AUDITORS ASSIGNED

This examination was performed by the Office
of the Auditor General’s staff.