Financial Reporting Overview
Welcome to the Financial Reporting Department. This department is responsible for the preparation of the Annual Comprehensive Financial Report (ACFR), the Annual Bond Indebtedness and Long-Term Obligations Report, and well as various other monthly, quarterly, and annual financial reports.
This section contains links to various financial reporting applications, training materials, and contact information.
Contact Us:
Financial Reporting Department: (217) 782-2052
Tools & Applications
WEDGE
The WEDGE application is to be used by state agencies to prepare and submit year end GAAP basis financial information for use in the compilation of the ACFR.
SCO563 Grants/Contracts
The SCO563 application is to be used by state agencies on an annual basis to provide detailed information related to grants/contracts in effect as of year end.
Locally Held Funds
The Locally Held Funds application is to be used by state agencies to submit the quarterly C-17 reports for funds held outside of the State Treasury.
Bond Tracking System (BITS)
The BITS application is to be used by state agencies to notify the Comptroller of new bond issuances and payments made on outstanding issuances for all general obligation, special obligation, and revenue bonds.
Training Courses
GAAP Reporting & GASB Update
Annual training meeting to discuss the general GAAP package processes, due dates, and current and future GASB implementations.
Training Videos:
- opens in a new window FY 26 GAAP Reporting and GASB Update Training Video
- opens in a new window FY 25 GAAP Reporting and GASB Update Training Video
Training Resources:
- (opens in a new window) FY 26 GAAP Reporting and GASB Update Training Power Point
- (opens in a new window) FY 25 GAAP Reporting and GASB Update Training Power Point
WEDGE & SCO563
Training for users of the WEDGE and SCO563 Applications, including specific trainings for shared funds, non-shared funds, interfund transfers and grants/contracts.
Training Videos:
- WEDGE Shared Fund Training Video
- WEDGE Non-Shared Fund Training Video
- opens in a new window WEDGE Interfund Transfers Training Video
- opens in a new window SCO563 Training Video
Training Resources:
- opens in a new window WEDGE Application - GAAP Package Training Power Point
- opens in a new window WEDGE Application - GAAP Package Training Manual
- opens in a new window WEDGE Application - Interfund Transfers Power Point
- opens in a new window WEDGE Application - Interfund Transfers Training Manual
- opens in a new window SCO563 Application Training Power Point
- opens in a new window SCO563 Application Training Manual
Locally Held Funds
Training for users of the Locally Held Funds Application, which is used to prepare and submit the quarterly C-17 locally held fund reports.
Training Resources:
Bond Tracking System (BITS)
Training for users of the BITS Application, which is used to enter information on bond issuances and payments.
Training Resources:
Resources
Below is a listing of state agency contacts (GAAP coordinator) for the annual GAAP reporting process.
Illinois' Bond Debt provides information and detail about portions of Illinois’ bonded indebtedness, as well as a look at the state’s bond ratings.
opens in a new window Click Here to ViewThe Comptroller's Office is required by statute to list the agencies that are delinquent in their reporting responsibilities to the Illinois Office of Comptroller. Agencies are required by statute to provide their financial data by October 31st of every year so that the Comptroller's Office may complete its reporting responsibilities in a timely manner.
Below is a list of agencies that have received a Delinquency Notification Letter from the Comptroller's Office. Click on the agency to view the notification letter and the agency's action plan, if provided.
There were no agencies delinquent for this fiscal year.
- Illinois Department of Employment Security
- Department of Human Services
There were no agencies delinquent for this fiscal year.
There were no agencies delinquent for this fiscal year.
- Illinois Department of Employment Security
There were no agencies delinquent for this fiscal year.
There were no agencies delinquent for this fiscal year.
There were no agencies delinquent for this fiscal year.
There were no agencies delinquent for this fiscal year.
- Illinois State Board of Investments
There were no agencies delinquent for this fiscal year.
There were no agencies delinquent for this fiscal year.
- Department of Central Management Services
- Will Kankakee Regional Development Authority
- Western Illinois Economic Development Authority
- Upper Illinois River Valley Development Authority
- Quad Cities Regional Economic Development Authority
- Illinois Housing Development Authority
- Illinois Conservation Foundation
- Governors State University
- Department of Human Services