Recently Released Audits

June 21, 2012

• SUMMARY OF REPORT DIGEST TO STATEWIDE FINANCIAL AUDIT
  
  

  • The financial statements of the State of Illinois reflect a continuing financial deficit. At June 30, 2011:
    
    
    • The net assets of governmental activities continued to deteriorate and the deficit increased by $6.3 billion from FY10 to FY11. Overall, net assets of governmental activities are reported as a deficit of $43.8 billion.

    
    
    
    
    
    
    

• Over time, increases and decreases in net assets measure whether the State's financial position is improving or deteriorating.
  
  
• The General Revenue Fund deficit decreased by $738 million from FY10 to FY11. The June 30, 2011 deficit was $8.1 billion.
  
  
  
  
  
  To view additional information, please click HERE to read the full Report Digest - PDF (best version for printing)
  
  Comprehensive Annual Financial Report (CAFR) and Related Report on Internal Control and Compliance for the Period Ending June 30, 2011
  Summary Report Digest - PDF (best version for printing)
  Summary Report Digest*
  Full CAFR Report for 2011
  Note: The link above redirects to the State Comptroller's web site.
  Full Report – Internal Control and Compliance

 

*Accessible text format for those with visual impairments. Document may lack formatting and graphics.