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REPORT DIGEST ILLINOIS BOARD OF ADMISSIONS TO THE BAR FINANCIAL
AUDIT AND
COMPLIANCE EXAMINATION For the Two Years Ended: September 30, 2007 Summary of Findings: Total this audit 0 Total last audit 0 Repeated from last audit 0 Release Date: April 24, 2008
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 are also available on the worldwide web at http://www.auditor.illinois.gov |
FINDINGS, CONCLUSIONS, AND
RECOMMENDATIONS
There were no material
findings of noncompliance or material weaknesses disclosed by our examination
tests. AUDITORS’ OPINION Our auditors state the September 30, 2007 and September 30, 2006 financial statements of the Board are fairly presented in all material respects. ____________________________________ WILLIAM G. HOLLAND, Auditor General WGH:GSR:pp
SPECIAL
ASSISTANT AUDITOR Kyle E. McGinnis, CPA was our special assistant
auditor.
{Expenditures and Activity Measures are summarized on the reverse page.} |
ILLINOIS BOARD OF
ADMISSIONS TO THE BAR
FINANCIAL AUDIT AND COMPLIANCE EXAMINATION
For The Years Ended September 30, 2007 and September 30, 2006
REVENUES AND EXPENSES |
FY 2007 |
FY 2006
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FY 2005
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Total
Revenue (accrual basis)........................... Examination fees.................................................. % of Total Revenue.............................................. Character & Fitness
Review Fees......................... % of Total Revenue.............................................. Application on Motion.......................................... % of Total Revenue.............................................. Investment income................................................ % of Total Revenue.............................................. House Counsel &
Credit Card fees...................... % of Total Revenue.............................................. Gain on
Investment/Disposition of Equipment........ % of Total Revenue.............................................. |
$3,557,836 1,685,350 47.37% 1,428,250 40.14% 97,600 2.74% 198,874 5.59% 62,440 1.76% 85,322 2.40% |
$3,176,395 1,681,150 52.93% 1,220,250 38.42% 76,800 2.42% 159,833 5.03% 32,600 1.02% 5,762 0.18% |
$2,902,796 1,392,450 47.97% 1,188,450 40.94% 87,200 3.00% 126,818 4.37% 107,300 3.70% 578 .02% |
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Total
Expenses (accrual basis).......................... Salaries,
wages, and payroll taxes......................... % of Total Expenses............................................ Proctors............................................................... % of Total Expenses............................................ Examinations purchased....................................... % of Total Expenses............................................ Examination grading............................................. % of Total Expenses............................................ Examination
administration.................................... % of Total Expenses............................................ Admission ceremony............................................ % of Total Expenses............................................ Rent - office......................................................... % of Total Expenses............................................ Insurance............................................................. % of Total Expenses............................................ General operating................................................. % of Total Expenses............................................ Retirement contract.............................................. % of Total Expenses............................................ Miscellaneous expense......................................... % of Total Expenses........................................... Character
and fitness review................................. % of Total Expenses........................................... |
$3,129,715 948,604 30.31% 170,739 5.46% 371,091 11.86% 251,803 8.04% 350,943 11.21% 43,532 1.39% 58,848 1.88% 190,105 6.07% 594,286 18.99% 26,332 .84% 70,324 2.25% 53,108 1.70% |
$2,840,338 860,752 30.30% 167,454 5.90% 327,100 11.52% 232,500 8.18% 379,399 13.36% 34,851 1.23 % 52,173 1.84% 179,594 6.32% 468,495 16.49% 26,332 .93% 27,365 .96% 84,323 2.97% |
$2,645,049 805,271 30.44% 140,971 5.33% 302,139 11.42% 244,909 9.26% 278,079 10.51% 25,947 .98% 52,524 1.99% 158,105 5.98% 478,411 18.09% 26,201 .99% 26,428 1.00% 106,064 4.01% |
SELECTED ACTIVITY MEASURES (unaudited) |
FY 2007 |
FY 2006
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FY 2005 |
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Number
of Exams Written February...................................................... July.......................................................... Total........................................................ |
1,153 2,837 3,990 |
1,196 2,860 4,056 |
1,057 2,813 3,870 |
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AGENCY
DIRECTOR |
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During Audit Period: Jane
Hefti, Director of Administration
Currently: Jane Hefti, Director of
Administration |
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