REPORT DIGEST

ILLINOIS STATE BOARD OF INVESTMENT

FINANCIAL AUDIT
For the Year Ended: June 30, 2013


Release Date:   December 19, 2013

Summary of Findings:
Total this audit: 0
Total last audit:  0
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 digest covers our financial audit of the
Illinois State Board of Investment financial
statements for the year ended June 30, 2013.  A
report on the results of our compliance
attestation examination for the year ended June
30, 2013 is being issued separately.

Pursuant to the Illinois Pension Code, the
Illinois State Board of Investment (Board)
manages the investments of the State Employees’
Retirement System, General Assembly Retirement
System and the Judges’ Retirement System.

MEMBER SYSTEMS’ WITHDRAWALS

During fiscal year 2013 the member systems’
withdrawals from the Board decreased $219
million from $248.7 million during fiscal year
2012 to $29.7 million during fiscal year 2013.
Withdrawals are determined by the member
retirement systems based on the State’s funding
and the systems’ benefit payment needs.  Total
member systems’ net withdrawals since inception
of the Illinois State Board of Investment total
approximately $2.027 billion.

AUDITORS’ OPINION

Our auditors state the June 30, 2013 financial
statements of the Illinois State Board of
Investment are fairly presented.

WILLIAM G. HOLLAND
Auditor General

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SPECIAL ASSISTANT AUDITORS

McGladrey LLP was our Special Assistant Auditors
for this engagement.