REPORT DIGEST

ILLINOIS STATE BOARD OF EDUCATION

FINANCIAL AUDIT
FOR THE YEAR ENDED JUNE 30, 2020

Release Date:  June 9, 2021

FINDINGS THIS AUDIT:  0

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

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

• (20-01) The Agency did not have a
reconciliation process to provide
assurance census data submitted to its
pension and other postemployment benefits
(OPEB) plans was complete and accurate.

FINDINGS, CONCLUSIONS, AND
RECOMMENDATIONS

LACK OF CENSUS DATA RECONCILIATIONS

The Illinois State Board of Education
(Agency) did not have a reconciliation
process to provide assurance census data
submitted to its pension and other
postemployment benefits (OPEB) plans was
complete and accurate.

During testing, we noted the Agency had
not performed an initial complete
reconciliation of its census data
recorded by the State Employees’
Retirement System of Illinois (SERS) and
the Department of Central Management
Services (CMS) to its internal records to
establish a base year of complete and
accurate census data. (Finding 1, pages
60-61)

We recommended the Agency work with SERS
and CMS to develop an annual
reconciliation process of its active
members’ census data from its underlying
records to a report from each plan of
census data submitted to the plan’s
actuary.

The Agency agreed with the recommendation
and stated it is developing an annual
reconciliation process for active
members’ census data in collaboration
with CMS and SERS.

We will review the Agency’s progress
towards the implementation of our
recommendation in our next financial
audit.

AUDITOR’S OPINIONS

The auditors stated the financial
statements of the Agency as of and for
the year ended June 30, 2020 are fairly
stated in all material respects.

This financial audit was conducted by
Kerber, Eck & Braeckel LLP.

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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