REPORT DIGEST

 

INTERMEDIATE

SERVICE CENTER #2

 

WEST COOK

 

FINANCIAL AUDIT

(In Accordance with the

Single Audit Act and OMB Circular A-133)

For the Year Ended:

June 30, 2005

 

Summary of Findings:

 

Total this audit                          0

Total last audit                          0

Repeated from last audit           0

 

Release Date:

August 8, 2006 

 

 

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

Iles Park Plaza

740 E. Ash Street

Springfield, IL 62703

(217) 782-6046 or TTY (888) 261-2887

 

This Report Digest and Full Report is also available on

the worldwide web at

http://www.state.il.us/auditor

 

 

 

 

 

 

 

 

 

INTRODUCTION

 

      Our report covers the financial audit, in accordance with the Single Audit Act and OMB Circular A-133, for the period ending June 30, 2005.

 

 

AUDITORS’ OPINION

 

      Our auditors state the Intermediate Service Center #2’s financial statements as of June 30, 2005 are fairly presented in all material respects.

 

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

 

WGH:JRB

 

 

 

 

SPECIAL ASSISTANT AUDITORS

 

      Lindgren, Callihan, Van Osdol & Co., LTD was our special assistant auditor in this audit.

 

 

 

 

 

 

 

 

 

 

 

        {Expenditures and Revenues are summarized on the reverse page.}

 

 

INTERMEDIATE SERVICE CENTER #2

WEST COOK

 

FINANCIAL AUDIT

(In Accordance with the Single Audit Act and OMB Circular A-133)

For The Year Ended June 30, 2005

 

 

FY 2005

FY 2004

TOTAL REVENUES

$5,356,861

$5,144,532

Local Sources

$2,112,452

$2,497,022

% of Total Revenues

39.43%

48.54%

State Sources

$1,371,475

$527,769

% of Total Revenues

25.60%

10.26%

Federal Sources

$1,872,934

$2,119,741

% of Total Revenues

34.96%

41.20%

 

TOTAL EXPENDITURES

$5,139,907

$4,882,942

Salaries and Benefits

$2,650,793

$2,223,961

% of Total Expenditures

51.57%

45.55%

Purchased Services

$1,678,774

$1,698,806

% of Total Expenditures

32.66%

34.79%

All Other Expenditures

$810,340

$960,175

% of Total Expenditures

15.77%

19.66%

 

 

 

TOTAL NET ASSETS

$450,089

$233,135

 

 

 

INVESTMENT IN CAPITAL ASSETS

 

$142,868

 

$192,702

 

Percentages may not add due to rounding.

 

EXECUTIVE DIRECTOR

During Audit Period: Gretchen Alexander

Currently:  Kay Poyner Brown