REPORT DIGEST

PROCUREMENT POLICY BOARD

COMPLIANCE EXAMINATION
FOR THE TWO YEARS ENDED JUNE 30, 2018

Release Date:  July 18, 2019

FINDINGS THIS AUDIT:  1

CATEGORY:  NEW -- REPEAT -- TOTAL
Category 1:  0 -- 0 -- 0
Category 2:  1 -- 0 -- 1
Category 3:  0 -- 0 -- 0
TOTAL:  1 -- 0 -- 1

FINDINGS LAST AUDIT: 0

Category 1: Findings that are material
weaknesses in internal control and/or a
qualification on compliance with State laws
and regulations (material noncompliance).
Category 2: Findings that are significant
deficiencies in internal control and
noncompliance with State laws and
regulations.
Category 3: Findings that have no internal
control issues but are in noncompliance
with State laws and regulations.

State of Illinois, Office of the Auditor
General
FRANK J. MAUTINO, AUDITOR GENERAL

To obtain a copy of the Report contact:
Office of the Auditor General, Iles Park
Plaza, 740 E. Ash Street, Springfield, IL
62703
(217) 782-6046 or TTY (888) 261-2887

This Report Digest and Full Report are also
available on the worldwide web at
www.auditor.illinois.gov

SYNOPSIS

• (18-001) The Board failed to pay prompt
payment interest due to vendors during
Fiscal Year 2018.

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

PROMPT PAYMENT INTEREST NOT PAID

The Procurement Policy Board (Board) failed
to pay prompt payment interest due to
vendors during Fiscal Year 2018.

During testing of 46 vouchers, the auditors
noted the Board incurred interest on 25 of
those vouchers. The Board failed to pay
interest owed on 9 of these 25 (36%)
vouchers tested, totaling $7,347.

We recommended the Board comply with the
State Prompt Payment Act and the Statewide
Accounting Management System and ensure all
prompt payment interest due is paid to
vendors.

Board officials agreed with the
recommendation.

ACCOUNTANT’S OPINION

The accountants conducted a compliance
examination of the Board for the two years
ended June 30, 2018, as required by the
Illinois State Auditing Act.  The
accountants stated the Board complied, in
all material respects, with the
requirements described in the report.

This compliance examination was conducted
by the Office of the Auditor General’s
staff.

JANE CLARK
Division Director

This report is transmitted in accordance
with Section 3-14 of the Illinois State
Auditing Act.

FRANK J. MAUTINO
Auditor General

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