REPORT DIGEST

 

INTERMEDIATE SERVICE CENTER #4

 

SOUTH 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:

February 24, 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 #4ís financial statements as of June 30, 2003 are fairly presented in all material respects.

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:JRB

 

SPECIAL ASSISTANT AUDITORS

Lindgren, Callihan, Van Osdol & Co., LTD were our special assistant auditors in this audit.

 

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

 

                INTERMEDIATE SERVICE CENTER #4

                                     SOUTH COOK

 

                FINANCIAL AND COMPLIANCE AUDIT

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

                      For The Year Ended June 30, 2003

 

FY 2003

FY 2002

TOTAL REVENUES

$3,725,351

$3,280,074

Local Sources

$893,101

$527,327

% of Total Revenues

23.97%

16.08%

State Sources

2,519,501

$2,748,700

% of Total Revenues

67.63%

83.80%

Federal Sources

$312,749

$4,047

% of Total Revenues

8.40%

.12%

 

TOTAL EXPENDITURES

$3,036,662

$2,877,606

Salaries and Benefits

$1,655,667

$1,445,142

% of Total Expenditures

54.52%

50.22%

Purchased Services

$718,616

$931,115

% of Total Expenditures

23.66%

32.36%

All Other Expenditures

$662,379

$501,349

% of Total Expenditures

21.81%

17.42%

 

 

 

COST OF PROPERTY AND EQUIPMENT

$1,992,196

$1,594,994

 

* Percentages may not add due to rounding.

EXECUTIVE DIRECTOR

During Audit Period: Dr. Diana Grossi

Currently: Dr. Diana Grossi