| | | | Title: | | | | | Volume/Number: | | | | | Issuing Agency: | | | | | Description: | This report covers our financial audit for the year ended June 30, 2011 and compliance examination for the two years ended June 30, 2011 of the Department of Healthcare and Family Services. At June 30, 2011, the Health Insurance Reserve Fund was owed $1,275,439,000 from other State funds and component units to fund current costs for State employees health insurance. As of June 30, 2011, the Other Postemployment Benefit Plan has a financial liability of $5,716,357,000. The Actuarys Report estimated the liability for Other Postemployment Benefits as of June 30, 2011. The Unfunded Actuarial Accrued Liability was estimated to be $33,295,354,000. Current financial reporting standards do not require the entire actuarial liability amount be reported on the face of the financial statements; however, the information is disclosed in Note 9 of the financial statements. | | | | Date Created: | 04 12 2012 | | | | Agency ID: | | | | | ISL ID: | 000000041840 Original UID: 21603 FIRST WORD: Department | |
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