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REPORT DIGEST DEPARTMENT OF CENTRAL MANAGEMENT SERVICES ILLINOIS STATE EMPLOYEES’ DEFERRED COMPENSATION
PLAN FINANCIAL
AUDIT For the Years Ended December 31, 2006 and 2005 Release Date: July 31, 2007
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 and Full
Report are also available on the worldwide web at http://www.auditor.illinois.gov |
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, 2006 and 2005 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, 2006 and 2005
ADMINISTRATIVE COSTS |
2006 |
2005 |
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Salaries...................................................... Fringe Benefits............................................ Telecommunication services............................ Statistical services......................................... Travel.......................................................
Printing Commodities............................................... Depreciation............................................. Office supplies..................................... Total Administrative Costs..................... |
$633,291
293,308
10,073
64,786
2,910
245,405
5,867
182
22,211
1,141
2,814
$1,281,988 |
$ 636,650
324,636
9,716
66,470
1,950
128,695
6,331
468
26,018
986
2,588
$1,204,508 |
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INVESTMENT PORTFOLIO – Fair Value |
2006 |
2005 |
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Stable
Return Fund................................................... Mutual
Funds............................................................ Annuities................................................................... Total Investments.................................................. |
$572,808,887
2,272,762,571
1,844,076
$2,847,415,534 |
$ 540,743,183
1,997,085,631
2,070,903
$2,539,899,717 |
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SELECTED
ACTIVITY MEASURES
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Number of
Participants......................................................... |
52,553 $54,182 |
51,651 $ 49,174 |
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ACTING DIVISION MANAGER
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During Audit Period:
Mr. Jason Musgrave Currently: Mr.
Jason Musgrave |
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