REPORT DIGEST

 

ILLINOIS BOARD OF ADMISSIONS TO THE BAR

 

FINANCIAL AUDIT

AND COMPLIANCE EXAMINATION

For the Two Years Ended:

September 30, 2007

 

Summary of Findings:

Total this audit†††††††††††††     0

Total last audit†††††††††††††     0

Repeated from last audit   0

 

 

Release Date:

April 24, 2008

 

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

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

http://www.auditor.illinois.gov

 

 

 

 

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

 

†††† There were no material findings of noncompliance or material weaknesses disclosed by our examination tests.

 

 

AUDITORSí OPINION

 

††††† Our auditors state the September 30, 2007 and September 30, 2006 financial statements of the Board are fairly presented in all material respects.

 

 

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

 

WGH:GSR:pp

 

 

 

 

SPECIAL ASSISTANT AUDITOR

 

Kyle E. McGinnis, CPA was our special assistant auditor.

 

 

 

 

 

 

 

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

 

 


††††††††††††††††††††††††††††††††††† ILLINOIS BOARD OF ADMISSIONS TO THE BAR

†††††††††††††††††††††††††††† FINANCIAL AUDIT AND COMPLIANCE EXAMINATION

††††††††††††††††††††††††† For The Years Ended September 30, 2007 and September 30, 2006

 

REVENUES AND EXPENSES

FY 2007

FY 2006

FY 2005

††††† Total Revenue (accrual basis)...........................

†††††† Examination fees..................................................

†††††† % of Total Revenue..............................................

†††††† Character & Fitness Review Fees.........................

†††††† % of Total Revenue..............................................

†††††† Application on Motion..........................................

†††††† % of Total Revenue..............................................

†††††† Investment income................................................

†††††† % of Total Revenue..............................................

†††††† House Counsel & Credit Card fees......................

†††††† % of Total Revenue..............................................

†††††† Gain on Investment/Disposition of Equipment........

†††††† % of Total Revenue..............................................

$3,557,836

1,685,350

47.37%

1,428,250

40.14%

97,600

2.74%

198,874

5.59%

62,440

1.76%

85,322

2.40%

$3,176,395

1,681,150

52.93%

1,220,250

38.42%

76,800

2.42%

159,833

5.03%

32,600

1.02%

5,762

0.18%

$2,902,796

1,392,450

47.97%

1,188,450

40.94%

87,200

3.00%

126,818

4.37%

107,300

3.70%

578

.02%

††††† Total Expenses (accrual basis)..........................

†††††† Salaries, wages, and payroll taxes.........................

†††††† % of Total Expenses............................................

†††††† Proctors...............................................................

†††††† % of Total Expenses............................................

†††††† Examinations purchased.......................................

†††††† % of Total Expenses............................................

†††††† Examination grading.............................................

†††††† % of Total Expenses............................................

†††††† Examination administration....................................

††††† % of Total Expenses............................................

†††††† Admission ceremony............................................

†††††† % of Total Expenses............................................

†††††† Rent - office.........................................................

†††††† % of Total Expenses............................................

†††††† Insurance.............................................................

†††††† % of Total Expenses............................................

†††††† General operating.................................................

†††††† % of Total Expenses............................................

†††††† Retirement contract..............................................

†††††† % of Total Expenses............................................

†††††† Miscellaneous expense.........................................

†††††† % of Total Expenses...........................................

†††††† Character and fitness review.................................

†††††† % of Total Expenses...........................................

$3,129,715

948,604

30.31%

170,739

5.46%

371,091

11.86%

251,803

8.04%

350,943

11.21%

43,532

1.39%

58,848

1.88%

190,105

6.07%

594,286

18.99%

26,332

.84%

70,324

2.25%

53,108

1.70%

$2,840,338

860,752

30.30%

167,454

5.90%

327,100

11.52%

232,500

8.18%

379,399

13.36%

34,851

1.23 %

52,173

1.84%

179,594

6.32%

468,495

16.49%

26,332

.93%

27,365

.96%

84,323

2.97%

$2,645,049

805,271

30.44%

140,971

5.33%

302,139

11.42%

244,909

9.26%

278,079

10.51%

25,947

.98%

52,524

1.99%

158,105

5.98%

478,411

18.09%

26,201

.99%

26,428

1.00%

106,064

4.01%

SELECTED ACTIVITY MEASURES (unaudited)

FY 2007

FY 2006

FY 2005

†† ††††††††††† Number of Exams Written

†††††††††††††† February......................................................

†††††††††††††††††† July..........................................................

†††††††††††††††††† Total........................................................

 

1,153

2,837

3,990

 

1,196

2,860

4,056

 

1,057

2,813

3,870

AGENCY DIRECTOR

During Audit Period:†††† Jane Hefti, Director of Administration

Currently:†††††††††††††††††††† Jane Hefti, Director of Administration