REPORT DIGEST

OFFICE OF THE TREASURER - NONFISCAL OFFICER
RESPONSIBILITIES

COMPLIANCE EXAMINATION
FOR THE TWO YEARS ENDED JUNE 30, 2023

Release Date:  July 22, 2025

FINDINGS THIS AUDIT: 5

CATEGORY:  NEW -- REPEAT – TOTAL
Category 1:  0 -- 0 -- 0
Category 2:  2 -- 3 -- 5
Category 3:  0 -- 0 -- 0
TOTAL:  2 -- 3 -- 5

FINDINGS LAST AUDIT: 6

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, 400 West
Monroe, Suite 306, Springfield, IL
62704-9849
(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

• (24-03) The Office of the Treasurer
(Office) did not properly calculate and
review the depreciation of the Office’s
building resulting in inaccurate property
reporting.

• (24-04) The Office did not consistently
conduct employee performance evaluations as
required by Office policies.

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

LACK OF CONTROLS OVER STATE PROPERTY
REPORTING

The Office of the Treasurer (Office) did not
properly calculate and review the
depreciation of the Office’s building
resulting in inaccurate property reporting.

The following deficiencies were noted on the
Form SCO-538 – Capital Asset Summary
(SCO-538):

• Accumulated depreciation was overstated by
$14 thousand as of June 30, 2022 on the
SCO-538. The overstatement relates to
corrections the Office made in accounting
for Capital Development Board (CDB)
transfers.

• Accumulated depreciation was understated
by $270 thousand as of June 30, 2023 on the
SCO-538. Depreciation recorded on the
SCO-538 did not agree to the Office’s
underlying support. (Finding 3, pages 14-15)

We recommended the Office implement adequate
controls over depreciation of capital
assets.

The Office accepted the recommendation and
stated it will work to implement additional
internal controls to ensure proper recording
of depreciation of capital assets.

NONCOMPLIANCE WITH OFFICE PERSONNEL POLICIES
AND PROCEDURES

The Office of the Treasurer (Office) did not
consistently conduct employee performance
evaluations as required by Office policies.

Based on review of employee personnel files,
we noted the following:

• Four of five (80%) employees eligible to
receive a three-month performance evaluation
upon employment at the Office did not
receive an evaluation. Two employees were in
fiscal year 2022 and three employees were in
fiscal year 2023.

• Three of three (100%) employees eligible
to receive a six-month performance
evaluation did not receive an evaluation.
Two employees were in fiscal year 2022, and
one employee was in fiscal year 2023.

• Four of four (100%) employees eligible to
receive a three-month performance evaluation
upon promotion did not received an
evaluation. One employee was in fiscal year
2022, and three related to promotions during
fiscal year 2023.

• Three of twenty-one (14%) annual
performance evaluations were not available
for review. All three evaluations occurred
in fiscal year 2023. (Finding 4, pages
16-17). This finding has been reported since
2003.

We recommended the Office ensure performance
evaluations are conducted in a timely manner
and in accordance with the Treasurer’s
Office rules and policies.

The Office stated it has amended the
timeframe in which the online electronic
performance appraisal system releases the
reviews to supervisors to be a consistent
date across the Office. Further, the Office
stated that this has significantly improved
compliance in excess of 90%.

OTHER FINDINGS

The remaining findings pertain to inadequate
controls over census data, external service
providers, and monthly reconciliations.  We
will review the Office’s progress towards
the implementation of our recommendations in
our next State compliance examination.

ACCOUNTANT’S OPINION

The accountants conducted a State compliance
examination of the Office for the two years
ended June 30, 2023, as required by the
Illinois State Auditing Act.  The
accountants stated the Office complied, in
all material respects, with the requirements
describe in the report.

This State compliance examination was
conducted by Crowe LLP.

COURTNEY DZIERWA
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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