REPORT DIGEST DEPARTMENT OF CENTRAL MANAGEMENT SERVICES ILLINOIS STATE EMPLOYEES’ DEFERRED COMPENSATION PLAN FINANCIAL AUDIT For the Years Ended December 31, 2008 and 2007 Release Date: July 30, 2009 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, 2008 and 2007 were fairly presented in all material respects. _____________________________________ WILLIAM G. HOLLAND, Auditor General WGH:TLD: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, 2008 and 2007

ADMINISTRATIVE COSTS	2008	2007
Salaries..................................................................... Fringe Benefits.......................................................... Telecommunication services....................................... Statistical services..................................................... Travel....................................................................... Contractual services.................................................. Printing Depreciation............................................................. Equipment................................................................. Other........................................................................ Office supplies.......................................................... Total Administrative Costs....................................	$ 617,046 231,779 7,951 95,927 252 103,538 3,611 16,893 28 3,037 1,967 $1,082,029	$ 669,396 323,824 6,606 78,710 903 129,140 4,422 22,742 3,125 1,750 2,485 $1,243,103
INVESTMENT PORTFOLIO – Fair Value	2008	2007
Stable Return Fund................................................... Mutual Funds............................................................ Equity Trust Funds.................................................... Annuities................................................................... Total Investments..................................................	$ 660,358,022 1,485,570,376 82,850,038 1,498,312 $2,230,276,748	$ 586,464,798 2,415,221,940 0 $1,641,305 $3,003,328,043
SELECTED ACTIVITY MEASURES	2008	2007
Number of Participants..............................................	53,194	53,327
Average Account Value............................................	$41,927	$56,319
ACTING DIVISION MANAGER
During Audit Period: Mr. Jason Musgrave Currently: Mr. Jason Musgrave