REPORT DIGEST ILLINOIS BOARD OF HIGHER EDUCATION FINANCIAL AND COMPLIANCE AUDIT For the Two Years Ended: Summary of Findings: Total this audit 1 Release Date: State of Illinois WILLIAM G. HOLLAND AUDITOR GENERAL To obtain a copy of the Report contact: (217)782-6046 or TDD (217) 524-4646 This Report Digest is also available on |
SYNOPSIS
{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, 2001
EXPENDITURE STATISTICS | FY 2001 |
FY 2000 |
FY 1999 |
||
$104,703,809 |
$111,239,554 |
$95,073,550 |
|||
OPERATIONS TOTAL |
$3,024,485 |
$2,897,422 |
$2,825,729 |
||
Personal Services |
$2,179,964 |
$2,107,203 |
$2,059,321 |
||
Other Payroll Costs (FICA, Retirement) |
$29,077 |
$27,192 |
$21,945 1% |
||
Contractual Services |
$594,210 |
$553,681 |
$491,187 |
||
All Other Operations Items |
$221,234 |
$209,346 |
$253,276 |
||
Permanent Improvements |
$0 |
$365,000 |
$0 |
||
GRANTS TOTAL % of Total Expenditures |
$101,679,324 97% |
$107,977,132 97% $2,335,038 |
$92,247,821 97% $2,210,000 |
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$2,114,756 |
$517,060 |
$427,558 |
|||
CASH RECEIPTS | FY 2001 |
FY 2000 |
FY 1999 |
||
Total |
$1,112,928 |
$481,389 |
$429,944 |
||
EXECUTIVE DIRECTOR | |||||
During Audit Period and Currently: Dr. Keith R. Sanders |
IBHE tuition waiver regulations outdated
Universities' waiver programs not yet evaluated |
FINDINGS, CONCLUSIONS AND RECOMMENDATIONS NEED TO FULLY IMPLEMENT RECOMMENDATIONS IN 1998 Management Audit of Tuition and Fee Waivers The Illinois Board of Higher Education (IBHE) has fully implemented one of the three recommendations made in the Management Audit of Tuition and Fee Waivers (April 1998) and partially implemented the other two recommendations identified below:
We recommended the IBHE fully implement all the recommendations made three years ago in the Management Audit of Tuition and Fee Waivers. IBHE officials agreed with our recommendation and stated that the staff work plan for this year has been adjusted to ensure revisions to administrative rules are filed to change the tuition waiver limit, and the evaluation of waiver programs is completed. AUDITORS' OPINION Our auditors state that the Illinois Board of Higher Education's financial statements of the Federal Grants Fund as of and for the years ended June 30, 2000 and 2001 are fairly presented in all material respects.
____________________________________ WILLIAM G. HOLLAND, Auditor General WGH:CML:pp SPECIAL ASSISTANT AUDITORS Our special assistant auditors on this engagement were Striegel Knobloch & Company, L.L.C. |