Public Accountability Report Public Accountability Report

Illinois State Board of Investment
(Appropriated Spending in Thousands)
  FY 2018 FY 2017
Reporting Programs Expenditures Headcount Expenditures Headcount
Illinois State Board of Investment $ 0.0 11.0 $ 0.0 9.0
Totals $ 0.0 11.0 $ 0.0 9.0

Totals may not add due to rounding.

Agency Narrative
The net investment income for the year ended June 30, 2018 was the result of upward movement in the securities markets. There was also an increase in member system withdrawals. Fiscal year 2018 withdrawals were $313.6 million compared with $232.6 million in fiscal year 2017. Withdrawals are determined by member retirement systems based on the State of Illinois funding and member systems’ benefit payment needs. The decrease in administrative expenses for fiscal year 2018 compared to fiscal year 2017 is primarily due to a reduction in investment management fees.