REPORT DIGEST

ENVIRONMENTAL PROTECTION AGENCY - WATER
REVOLVING FUND

FINANCIAL AUDIT
FOR THE YEAR ENDED JUNE 30, 2024

Release Date:  February 20, 2025

FINDINGS THIS AUDIT: 1

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

FINDINGS LAST AUDIT: 1

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, 400 West
Monroe, Suite 306, Springfield, IL
62704-9849
(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


This digest covers the Agency’s Financial
Audit as of and for the year ended June 30,
2024.  A digest covering the Agency’s State
Compliance Examination report on the entire
Agency for the two years ending June 30,
2024 will be released at a later date.

SYNOPSIS

• (24-01) The Agency did not take sufficient
measures to ensure all census data submitted
to its pension and other postemployment
benefits plans was complete and accurate.

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

INADEQUATE INTERNAL CONTROLS OVER CENSUS
DATA

The Agency did not take sufficient measures
to ensure all census data submitted to its
pension and other postemployment benefits
(OPEB) plans was complete and accurate for
the Water Revolving Fund (Fund).

The Agency had not prepared or maintained
sufficient documentation that a complete
reconciliation was properly performed for
census data used to calculate the Fund’s
pension and OPEB balances used for their
Fiscal Year 2024 financial statements.
Although the Agency performed a
reconciliation of its census data, they did
not take or document sufficient measures to
ensure 100% of data in the base year was
checked for completeness and accuracy.
(Finding 1, pages 48-49). This finding was
first reported in 2020.

We recommended the Agency ensure a base year
reconciliation of its active members’ census
data from its underlying records and source
documents to a report of the census data
submitted to the plan’s actuary is complete
and accurate.  We further recommended the
Agency maintain sufficient documentation of
the reconciliations performed, including the
methodology used, data traced, exceptions
identified, and conclusions reached.

Agency officials accepted the
recommendation.

AUDITOR’S OPINION

The auditors stated the financial statements
of the Agency’s Water Revolving Fund as of
and for the year ended June 30, 2024 are
fairly stated in all material respects.

This financial audit was conducted by Roth
and Company, LLP.

COURTNEY DZIERWA
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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