REPORT DIGEST

ILLINOIS STATE BOARD OF EDUCATION

FINANCIAL AUDIT
For the Year Ended:
June 30, 1997

Release Date:
April 8, 1998

State of Illinois
Office of the Auditor General

WILLIAM G. HOLLAND
AUDITOR GENERAL

Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703
(217) 782-6046

SYNOPSIS

This is a financial audit only but it also includes a special annual compliance review as required by the Illinois School Code, on the performance of the State Board of Education in reporting to the General Assembly and the Governor on the status of education including school dropout rates. A compliance audit for the two years ending June 30, 1998 will be performed next year.

 

 

• The annual report on school dropout rates due January 14, 1997, as required by statute , was not submitted to the General Assembly and the Governor until September 16, 1997.
  
  
  
  
  
  
  
  

{Expenditures and Activity Measures are summarized on the reverse page.}

1997

1996

1995

• REVENUES (all funds, accrual basis)

Federal government
Licenses and fees
Other revenue
Total Revenue

• EXPENDITURES (all funds, accrual basis)

Education
Capital Outlays
Debt service
Total Expenditures

• OTHER SOURCES (USES) OF FINANCIAL RESOURCES (all funds, accrual basis)

Appropriations from State resources
Operating transfers in
Operating transfers out
Other
Net other sources of financial resources

$975,369
1,514
814
$977,697



$4,813,048
7,343
169
$4,820,560





$3,811,177
467
(11,261)
(12,822)
$3,787,561

$928,468
1,407
195
$930,070



$4,512,211
5,247
143
$4,517,601





$3,577,653
13
(8,160)
(12,917)
$3,556,589

$882,914
1,648
262
$884,824



$4,516,445
1,235
37
$4,517,717





$3,674,801
30
(8,377)
(11,347)
$3,655,107

1997

1996

1995

Cash and cash equivalents
Due from federal government
Inventories
General fixed assets
Unexpended appropriation
Due to local governments
Fund balance, reserved
Fund balance, unreserved/undesignated

$4,294
$80,157
$2,860
$20,234
$288,605
$988,398
$26,527
$(670,309)

$3,062
$95,625
$2,277
$13,903
$257,985
$914,831
$51,391
$(633,779)

$4,454
$95,938
$3,034
$9,389
$281,420
$906,711
$50,814
$(600,173)

During Audit Period: Joseph A. Spagnolo
Currently: Joseph A. Spagnolo

Annual report due in January not submitted until September

INTRODUCTION

This report covers our financial audit of the Illinois Sate Board of Education for the fiscal year ended June 30, 1997. In addition, as required by law, this audit includes a special annual compliance review with respect to reporting during the year ended June 30, 1997, of the statewide high school dropout rate by grade level, sex, race, program categories, and the number of students who graduate from, transfer from, or otherwise leave bilingual programs, by the State Board of Education, pursuant to 105 ILCS 5/1A-4. A full compliance audit for the two fiscal years ending June 30, 1998 will be performed next year.

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

FAILURE TO FILE ANNUAL REPORT WITH GENERAL ASSEMBLY ON A TIMELY BASIS

The annual report due January 14, 1997 was not submitted to the General Assembly and the Governor until September 16, 1997.

Article 1A of the Illinois School Code (105 ILCS 5/1A-4(E)) states "The Board shall prepare and submit to the General Assembly and the Governor on or before January 14, 1976 and annually thereafter a report or reports of its findings and recommendations the report shall also include the statewide high school dropout rate by grade level, sex and race and the annual student dropout rate of and the number of students who graduate from, transfer from or otherwise leave bilingual programs. The Auditor General shall annually perform a compliance audit of the State Board of Education's performance of the reporting duty imposed by this amendatory Act of 1986."

Agency personnel stated the annual report was filed late due to the priority of other projects. They further stated the report will be filed on time in the future. (Finding 97-1, page 9, first reported in 1994)

AUDITOR'S OPINION

Our auditors state that the financial statements of the Illinois State Board of Education for the fiscal year ended June 30, 1997, are fairly presented.

_____________________________________
WILLIAM G. HOLLAND, Auditor General

WGH:TEE:pp

SPECIAL ASSISTANT AUDITORS

Sikich, Gardner & Co., LLP were our special assistant auditors for this audit.