REPORT DIGEST

 

INTERMEDIATE SERVICE CENTER #1

 

NORTH COOK

 

FINANCIAL AND COMPLIANCE AUDIT

(In Accordance with the Single Audit Act and OMB Circular A-133)

For the Year Ended:

June 30, 2003

 

Summary of Findings:

 

Total this audit                        0

Total last audit                        0

Repeated from last audit         0

 

Release Date:

March 4, 2004

 

 

 

 

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 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 and compliance audit, in accordance with the Single Audit Act and OMB Circular A-133, for the period ending June 30, 2003.

 

AUDITORSí OPINION

Our auditors state the Intermediate Service Center #1ís financial statements as of June 30, 2003 are fairly presented in all material respects.

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:KJM:ro

 

SPECIAL ASSISTANT AUDITORS

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

 

 

{Expenditures and Revenues are summarized on the reverse page.}

 

             INTERMEDIATE SERVICE CENTER # 1

                                  NORTH COOK

 

             FINANCIAL AND COMPLIANCE AUDIT

In Accordance with Single Audit Act and OMB Circular A-133

                  For The Year Ended June 30, 2003

 

FY 2003

FY 2002

TOTAL REVENUES

$3,715,008

$3,604,969

Local Sources

$1,032,356

$868,873

% of Total Revenues

27.79%

24.10%

State Sources

$2,519,643

$2,715,766

% of Total Revenues

67.82%

75.33%

Federal Sources

$163,009

$20,330

% of Total Revenues

4.39%

.56%

 

TOTAL EXPENDITURES

$3,245,365

$3,350,317

Salaries and Benefits

$1,924,619

$1,936,528

% of Total Expenditures

59.30%

57.80%

Purchased Services

$1,081,859

$980,016

% of Total Expenditures

33.34%

29.25%

All Other Expenditures

$238,887

$433,773

% of Total Expenditures

7.36%

12.95%

 

 

 

COST OF PROPERTY AND EQUIPMENT

$493,213

$437,120

 

* Percentages may not add due to rounding.

EXECUTIVE DIRECTOR

During Audit Period: Dr. Barbara Habschmidt

Currently: Dr. Barbara Habschmidt