Recently Released Audits

 

August 19, 2021


SUMMARY OF REPORT DIGEST TO STATEWIDE FINANCIAL AUDIT

  • The financial statements of the State of Illinois reflect a continuing financial deficit. At June 30, 2020:

    • The net position of governmental activities continued to deteriorate and the deficit increased by $4.7 billion from June 30, 2019, to June 30, 2020. Overall, the net position of governmental activities is reported as a deficit of $197.8 billion.








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

        • The General Fund deficit decreased by $1.1 billion from June 30, 2019, to June 30, 2020. The General Fund deficit is $6.4 billion.




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