REPORT DIGEST DEPARTMENT OF CENTRAL MANAGEMENT SERVICES - TEACHER HEALTH INSURANCE SECURITY FUND FINANCIAL AUDIT FOR THE YEAR ENDED JUNE 30, 2016 Release Date: February 23, 2017 FINDINGS THIS AUDIT: 0 FINDINGS LAST AUDIT: 1 State of Illinois, Office of the Auditor General FRANK J. MAUTINO, 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 Teacher Health Insurance Security Fund for the year ended June 30, 2016. At June 30, 2016 the Net Position Held in Trust for Other Postemployment Benefits reflected a deficit of $59,416,000. Further, the Schedule of Funding Progress reflects an Unfunded Actuarial Accrued Liability of $18,847,331,000. There were no material findings disclosed during our examination. AUDITORS' OPINION Our auditors stated the financial statements of the Teacher Health Insurance Security Fund as of June 30, 2016, and for the year then ended, are fairly stated in all material respects. FRANK J. MAUTINO Auditor General FJM:SKM SPECIAL ASSISTANT AUDITORS Our Special Assistant Auditors for this audit were Sikich, LLP.