REPORT DIGEST

INTERMEDIATE SERVICE CENTER # 1

NORTH 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:
February 6, 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 # 1’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

Our special assistant auditors were Lindgren, Callihan, Van Osdol & Co., Ltd.

 

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

 

INTERMEDIATE SERVICE CENTER # 1
NORTH COOK
FINANCIAL AUDIT
For The Year Ended June 30, 2002

FY 2002

FY 2001
TOTAL REVENUES

$3,604,969

$3,944,218

Local sources

$868,873

$865,991

% of Total Revenues

24.10%

21.96%

State Sources

$2,715,766

$3,068,289

% of Total Revenues

75.33%

77.79%

Federal Sources

$20,330

$9,938

% of Total Revenues

.56%

.25%
TOTAL EXPENDITURES

$3,350,317

$3,711,425

Salaries and Benefits

$1,936,528

$1,667,457

% of Total Expenditures

57.80%

44.93%

Purchased Services

$980,016

$1,725,301

% of Total Expenditures

29.25%

46.49%

All Other Expenditures

$433,773

$318,667

% of Total Expenditures

12.95%

8.59%
COST OF PROPERTY AND EQUIPMENT

$437,120

$758,268

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. Barbara Habschmidt
Currently: Dr. Barbara Habschmidt