REPORT DIGEST NORTH
COOK FINANCIAL AUDIT (In Accordance with the For the Year Ended: June 30, 2007 Summary of Findings: Total this audit 0 Total last audit 0 Repeated from last audit 0 Release Date: Sept.18, 2008
State of
Office of the Auditor General WILLIAM G. HOLLAND AUDITOR GENERAL
To obtain a copy of the
Report contact: Office of the Auditor
General
(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 |
INTRODUCTION Our report covers the financial
audit, in accordance with the Single Audit Act and OMB Circular A-133, for
the period ending June 30, 2007. AUDITORS’ OPINION Our auditors state the _____________________________________ WILLIAM
G. HOLLAND, Auditor General WGH:KJM SPECIAL ASSISTANT AUDITORS Our special assistant auditors were
Lindgren, Callihan, Van Osdol & Co., Ltd.
{Expenditures and Revenues are summarized on the reverse page.} |
FINANCIAL AUDIT
(In Accordance with Single Audit Act and OMB
Circular A-133)
For The Year Ended June 30, 2007
|
FY 2007
|
FY 2006
|
TOTAL REVENUES |
$5,128,615 |
$4,677,899 |
Local Sources |
$1,899,885 |
$1,590,291 |
% of Total Revenues |
37.04% |
34.00% |
State Sources |
$2,411,438 |
$2,348,203 |
% of Total Revenues |
47.02% |
50.20% |
Federal Sources |
$817,292 |
$739,405 |
% of Total Revenues |
15.94% |
15.81% |
|
||
TOTAL EXPENDITURES |
$4,898,417 |
$4,528,476 |
Salaries and Benefits |
$2,512,879 |
$2,246,489 |
% of Total Expenditures |
51.30% |
49.61% |
Purchased Services |
$1,824,195 |
$1,794,071 |
% of Total Expenditures |
37.24% |
39.62% |
All Other Expenditures |
$561,343 |
$487,916 |
% of Total Expenditures |
11.46% |
10.77% |
|
|
|
TOTAL NET ASSETS
|
$2,610,373 |
$2,380,175 |
|
|
|
INVESTMENT IN CAPITAL
ASSETS |
$231,813 |
$191,106 |
|
||
Percentages may not add due to rounding. |
EXECUTIVE DIRECTOR |
During Audit Period: Dr. Barbara Habschmidt Currently: Mr. Robert Ingraffia |