Public Accountability Report
Illinois State Board of Investment
(Appropriated Spending in Thousands)
| FY |
FY |
|||
|---|---|---|---|---|
| Reporting Programs | Expenditures | Headcount | Expenditures | Headcount |
| Illinois State Board of Investment | $ 0.0 | 14.0 | $ 0.0 | 11.0 |
| Totals | $ 0.0 | 14.0 | $ 0.0 | 11.0 |
Amounts may not sum to total due to rounding.
Agency Narrative
The increase in investments at June 30, 2024 is a result of investment gains of 9.3% for the fiscal year, net of expenses, shown in the Statement of Changes in Net Position. The increase in liabilities and receivables for fiscal year 2024 when compared against 2023 is primarily related to an increase in pending investment purchases and sales at June 30, 2024 compared to the prior year, and is the result of the timing of these transactions.
The Illinois State Board of Investment (ISBI) recorded $2.2 billion in net investment gains in the fiscal year resulting from increased valuations of investments held as of June 30, 2024. Prior year net investment income was $1.4 billion. Additionally, Member Systems withdrawals increased in the current year to $372 million, compared with $252 million in fiscal year 2023. Withdrawals are determined by the Member Systems and Trust Fund based on the State of Illinois’ funding and the Member Systems’ benefit payment needs and Trust Fund requirements.
