REPORT DIGEST

INTERMEDIATE SERVICE CENTER # 4
SOUTH COOK
FINANCIAL AUDIT

For the Year Ended:
June 30, 2002

Summary of Findings:

Total this audit 0
Total last audit 0
Repeated from last audit 0

Release Date:
January 23, 2003

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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
Attn: Records Manager
Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703
(217)782-6046 or TDD (217) 524-4646
This Report Digest is also available on
the worldwide web at
http://www.state.il.us/auditor

  

 

 

 

 

INTRODUCTION

Our report covers the financial audit for the period ending June 30, 2002.

 

AUDITORS’ OPINION

Our auditors state the Intermediate Service Center #4’s financial statements as of June 30, 2002 are fairly presented in all material respects.

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

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SPECIAL ASSISTANT AUDITORS

Lindgren, Callihan, Van Osdol & Co., LTD were our special assistant auditors in this audit.

 

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

 

INTERMEDIATE SERVICE CENTER # 4
SOUTH COOK
FINANCIAL AUDIT
For The Year Ended June 30, 2002

FY 2002

FY 2001
TOTAL REVENUES

$3,280,074

$3,684,072

Local sources

$527,327

$439,191

% of Total Revenues

16.08%

11.92%

State Sources

$2,748,700

$3,236,466

% of Total Revenues

83.80%

87.85%

Federal Sources

$4,047

$8,415

% of Total Revenues

.12%

.23%
TOTAL EXPENDITURES

$2,877,606

$3,421,786

Salaries and Benefits

$1,445,142

$879,621

% of Total Expenditures

50.22%

25.71%

Purchased Services

$931,115

$1,142,558

% of Total Expenditures

32.36%

33.39%

All Other Expenditures

$501,349

$1,399,607

% of Total Expenditures

17.42%

40.90%
COST OF PROPERTY AND EQUIPMENT

$1,594,994

$1,373,217

Note: Fiscal Year 2001 data was obtained from audits of ROEs conducted under the direction of the Illinois State Board of Education.
* Percentages may not add due to rounding.
EXECUTIVE DIRECTOR
During Audit Period: Dr. Diana Grossi
Currently: Dr. Diana Grossi