At the time of this case in July 2017, the Illinois State legislature had just passed its first budget in two years. The lack of a budget for the past two years has created a great deal of fiscal stress in the state. For this case, obtain the most recent copy of the State of Illinois CAFR.**

Required
a. Using the information in the MD&A and the statistical trend information, answer the following questions:
1. What has been the trend in governmental fund revenues?
2. Have governmental expenditures been increasing faster than revenues?
3. What has been the trend in the General Fund unassigned fund balance?
4. What has been the trend in the governmental activities unrestricted net position?
5. What is the trend in governmental fund intergovernmental (federal) revenues as a portion of total revenues?
6. What has been the trend in pension and other post employment benefits?
b. Based on your findings, provide an opinion on the financial condition of the State of Illinois. Explain how you arrived at your opinion.