The Illinois State Board of Education (ISBE) respectfully submits this report to the General Assembly in order to fulfill the requirements of 815 ILCS 530/25 which states that any State agency that has submitted a report regarding security breaches must submit an annual report listing all breaches of security of the system data or written materials and corrective measure that have been taken to prevent future breaches.
The ACFR is the States official annual report which provides the readers with the financial position of the State as of June 30, 2021, and results of operations during the fiscal year. The report is intended to provide the States taxpayers, managers, investors, creditors, lawmakers, and other users with information in accordance with generally accepted accounting principles (GAAP). Responsibility for the accuracy of the data as well as the completeness and fairness of presentation of this report rests with my Office and other State agency management.