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, 2008

 

Summary of Findings:

 

Total this audit                       0

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

Repeated from last audit††††††† 0

 

Release Date:

July 30, 2009

 

 

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, 2008.

 

 

 

 

AUDITORSí OPINION

 

†††††††† Our auditors state the Intermediate Service Center #2ís financial statements as of June 30, 2008 are fairly presented in all material respects.

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

 

WGH:JRB

 

 

 

 

SPECIAL ASSISTANT AUDITORS

 

†††††††† Bass, Solomon & Dowell, LLP 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, 2008

 

 

 

FY 2008

FY 2007

TOTAL REVENUES

$5,230,856

$5,102,760

Local Sources

$1,314,552

$1,169,893

% of Total Revenues

25.13%

22.93%

State Sources

$1,671,882

$1,757,796

% of Total Revenues

31.96%

34.45%

Federal Sources

$2,244,422

$2,175,071

% of Total Revenues

42.91%

42.63%

 

TOTAL EXPENDITURES

$5,128,494

$5,247,099

Salaries and Benefits

$2,644,479

$2,565,131

% of Total Expenditures

51.56%

48.89%

Purchased Services

$1,876,958

$1,749,392

% of Total Expenditures

36.60%

33.34%

All Other Expenditures

$607,057

$932,576

% of Total Expenditures

11.84%

17.77%

 

TOTAL NET ASSETS

$349,905

$247,543

 

INVESTMENT IN CAPITAL ASSETS

$158,740

$151,093

 

Percentages may not add due to rounding.

 

 

EXECUTIVE DIRECTOR

During Audit Period: Kay Poyner Brown

Currently:Kay Poyner Brown