REPORT
DIGEST

ILLINOIS BOARD OF HIGHER EDUCATION



FINANCIAL AND COMPLIANCE AUDIT
(In Accordance with the Single Audit Act and OMB Circular A-133)
For the Two Years Ended:
June 30, 1999


Summary of Findings:

Total this audit                 0
Total last audit                 1
Repeated from last audit  0



Release Date:
March 2, 2000

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State of Illinois
Office of the Auditor General
WILLIAM G. HOLLAND
AUDITOR GENERAL

To obtain a copy of the Report contact:
Office of the Auditor General
Attn: Records Manager
Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703
(217) 782-6046 or TDD (217) 524-4646

This Report Digest is also available on
the worldwide web at
http://www.state.il.us/auditor









FINDINGS, CONCLUSIONS AND RECOMMENDATIONS

There were no material findings of noncompliance disclosed during our audit. We commend the agency for maintaining an effective system of internal controls.



AUDITORS' OPINION

Our auditors state that the Illinois Board of Higher Education's financial statements as of and for the years ended June 30, 1998 and 1999 are fairly presented in all material respects.

____________________________________
WILLIAM G. HOLLAND, Auditor General

WGH:JHL:pp

SPECIAL ASSISTANT AUDITORS

Our special assistant auditors on this engagement were Striegel Knobloch & Company, L.L.C.

 

 

 

 

 

 

 

{Expenditures and Activity Measures are summarized on the reverse page.}



ILLINOIS BOARD OF HIGHER EDUCATION
FINANCIAL AND COMPLIANCE AUDIT
For The Two Years Ended June 30, 1999
EXPENDITURE STATISTICS

FY 1999

FY 1998

FY 1997

Total Expenditures (All Funds)

$95,073,550

$81,563,680

$61,718,853

OPERATIONS TOTAL
% of Total Expenditures
Personal Services
% of Operations Expenditures
Average No. of Employees
Other Payroll Costs (FICA,
    Retirement)
% of Operations Expenditures
Contractual Services
% of Operations Expenditures
All Other Operations Items
% of Operations Expenditures
Permanent Improvements
% of Total Expenditures

GRANTS TOTAL
% of Total Expenditures
Total State-Funded Grants
% of Total Grants
Total Federally-Funded, Title II Grants
% of Total Grants
Return of Unused Federal Title II Funds
% of Total Grants

Cost of Property and Equipment

$2,825,729
4%
$2,059,321
73%
29

$21,945
1%
$491,187
17%
$253,276
9%
$0
0%

$92,247,821
96%
$90,037,821
98%
$2,210,000
2%
$0


$427,558

$2,523,988
3%
$1,825,902
72%
30

$17,041
1%
$426,949
17%
$254,096
10%
$1,955,958
2%

$77,020,334
95%
$74,830,334
97%
$2,190,000
3%
$63,400
0%

$521,788

$2,364,431
4%
$1,734,239
73%
32

$13,403
1%
$434,519
18%
$182,270
8%
$0
0%

$59,354,422
96%
$57,424,422
97%
$1,930,000
3%
$0
0%

$431,824
CASH RECEIPTS FY 1999 FY 1998 FY 1997
General Revenue Fund
Higher Ed Title II Fund - 983
Total

$117
2,153,442
$2,153,559

$ 0
2,186,225
$2,186,225

$0
1,907,953
$1,907,953
EXECUTIVE DIRECTOR

During Audit Period and Currently: Dr. Keith R. Sanders