REPORT DIGEST

 

INTERMEDIATE SERVICE CENTER #4

 

SOUTH COOK

 

FINANCIAL AUDIT

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

For the Year Ended:

June 30, 2005

 

Summary of Findings:

 

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

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

Repeated from last audit†††††††††† 0

 

Release Date:

Sept. 19, 2006 

 

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.state.il.us/auditor

 

 

 

 

 

 

 

 

 

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, 2005.

 

 

AUDITORSí OPINION

 

††††† Our auditors state the Intermediate Service Center #4ís financial statements as of June 30, 2005 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 AUDIT

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

For The Year Ended June 30, 2005

 

 

FY 2005

FY 2004

TOTAL REVENUES

$7,062,294

$4,881,388

Local Sources

$1,982,870

$1,295,257

% of Total Revenues

28.08%

26.53%

State Sources

$2,524,610

$1,209,125

% of Total Revenues

35.75%

24.77%

Federal Sources

$2,554,814

$2,377,006

% of Total Revenues

36.18%

48.70%

 

TOTAL EXPENDITURES

$5,164,145

$5,030,444

Salaries and Benefits

$2,112,296

$2,076,836

% of Total Expenditures

40.90%

41.29%

Purchased Services

$2,369,362

$1,347,034

% of Total Expenditures

45.88%

26.78%

All Other Expenditures

$682,487

$1,606,574

% of Total Expenditures

13.22%

31.94%

 

 

 

TOTAL NET ASSETS

$5,744,871

$3,846,722

 

 

 

INVESTMENT IN CAPITAL ASSETS

 

$2,599,463

 

$2,241,552

 

Percentages may not add due to rounding.

 

EXECUTIVE DIRECTOR

During Audit Period: Dr. Diana Grossi

Currently:Dr. Diana Grossi