REPORT DIGEST

 

INTERMEDIATE SERVICE CENTER #2

 

WEST COOK

 

FINANCIAL AUDIT

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

For the Year Ended:

June 30, 2006

 

Summary of Findings:

 

Total this audit†††††††††            †††† 0

Total last audit††††††††††††            † 0

Repeated from last audit†††††††††† 0

 

Release Date:

Sept. 26, 2007

 

 

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 is 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, 2006.

 

 

AUDITORSí OPINION

 

††††† Our auditors state the Intermediate Service Center #2ís financial statements as of June 30, 2006 are fairly presented in all material respects.

 

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

 

WGH:JRB

 

 

 

 

SPECIAL ASSISTANT AUDITORS

 

††††† Lindgren, Callihan, Van Osdol & Co., LTD was our special assistant auditor in this audit.

 

 

 

 

 

 

 

 

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


†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††

 

 

 

INTERMEDIATE SERVICE CENTER #2

†††††††† WEST COOK

 

††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† FINANCIAL AUDIT

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

†††††††††††††††††††††††††††††††††††††††††††††††††††††† For The Year Ended June 30, 2006

 

 

FY 2006

FY 2005

TOTAL REVENUES

$4,773,702

$5,356,861

Local Sources

$1,040,224

$2,112,452

% of Total Revenues

21.79%

39.43%

State Sources

$1,657,667

$1,371,475

% of Total Revenues

34.73%

25.60%

Federal Sources

$2,075,811

$1,872,934

% of Total Revenues

43.48%

34.96%

 

TOTAL EXPENDITURES

$4,831,909

$5,139,907

Salaries and Benefits

$2,358,573

$2,650,793

% of Total Expenditures

48.81%

51.57%

Purchased Services

$1,695,979

$1,678,774

% of Total Expenditures

35.10%

32.66%

All Other Expenditures

$777,357

$810,340

% of Total Expenditures

16.09%

15.77%

 

 

 

TOTAL NET ASSETS

$391,882

$450,089

 

 

 

INVESTMENT IN CAPITAL ASSETS

 

$135,802

 

 

$142,868

 

Percentages may not add due to rounding.

 

EXECUTIVE DIRECTOR

During Audit Period: Kay Poyner Brown

Currently:Kay Poyner Brown