The Illinois Comprehensive Financial Report (CFR) is an annual financial statement of the State of Illinois that is prepared by the Office of the Comptroller in accordance with the provisions of the Illinois State Auditing Act and other applicable laws. It includes all funds, accounts, and activities of the state government, including information from the state’s General Funds, Special Funds, Federal Funds, Trust Funds, and Agency Funds. The report also includes information on the state’s fiduciary activities and the activities of its pension funds. The CFR is an important tool for state government leaders and citizens in understanding the financial condition of the state. There are five types of Illinois Comprehensive Financial Statements: the Basic Financial Statements, the Combined Financial Statements, the Single Audit Report, the Management’s Discussion and Analysis, and the Notes to the Financial Statements. The Basic Financial Statements provide an overview of the state’s financial position and activities. The Combined Financial Statements combine the financial statements of the general fund, special funds, trust funds, and agency funds. The Single Audit Report provides an independent audit of the state’s internal control systems. The Management’s Discussion and Analysis provide a narrative description of the financial statements and the state’s operations. Finally, the Notes to the Financial Statements provide additional information about the state’s financial activities.
Illinois Comprehensive Financial Statement
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