REPORT DIGEST

 

INTERMEDIATE SERVICE CENTER #1

 

NORTH COOK

 

FINANCIAL AUDIT

(In Accordance with the

Single Audit Act and OMB Circular A-133)

 

For the Year Ended:

June 30, 2009

 

Summary of Findings:

 

Total this audit                       0

Total last audit†††††††††††††††††††††††1

Repeated from last audit††††††† 0

 

Release Date:

February 4, 2010

 

 

 

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) 82-6046 or TTY (888) 261-2887

 

This Report Digest and Full Report are also available on

the worldwide web at

http://www.auditor.illinois.gov

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INTRODUCTION

 

†††††††† Our report covers the financial audit, in accordance with the Single Audit Act and OMB Circular A-133, for the period ending June 30, 2009.

 

 

 

 

AUDITORSí OPINION

 

†††††††† Our auditors state the Intermediate Service Center #1ís financial statements as of June 30, 2009 are fairly presented in all material respects.

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

 

WGH:KJM

 

 

 

 

SPECIAL ASSISTANT AUDITORS

 

†††††††† Our special assistant auditors were Bass, Solomon, & Dowell, LLP.

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

INTERMEDIATE SERVICE CENTER #1

NORTH COOK

 

 

FINANCIAL AUDIT

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

For The Year Ended June 30, 2009

 

 

 

FY 2009

FY 2008

TOTAL REVENUES

$5,350,777

$5,576,399

Local Sources

$2,195,317

$2,183,152

% of Total Revenues

41.03%

39.15%

State Sources

$2,393,109

$2,404,230

% of Total Revenues

44.72%

43.11%

Federal Sources

$762,351

$989,017

% of Total Revenues

14.25%

17.74%

 

TOTAL EXPENDITURES

$5,282,794

$5,558,154

Salaries and Benefits

$3,224,669

$3,001,743

% of Total Expenditures

61.04%

54.01%

Purchased Services

$1,619,211

$1,948,471

% of Total Expenditures

30.65%

35.06%

All Other Expenditures

$438,914

$607,940

% of Total Expenditures

8.31%

10.94%

 

TOTAL NET ASSETS

$2,696,601

$2,628,618

 

INVESTMENT IN CAPITAL ASSETS

$199,563

$197,387

 

Percentages may not add due to rounding.

 

 

EXECUTIVE DIRECTOR

During Audit Period:Mr. Robert Ingraffia

Currently: Mr. Robert Ingraffia