REPORT DIGEST

EASTERN ILLINOIS UNIVERSITY

FINANCIAL AUDIT
FOR THE YEAR ENDED JUNE 30, 2024

Release Date:  January 16, 2025

FINDINGS THIS AUDIT: 2

CATEGORY:  NEW -- REPEAT – TOTAL
Category 1:  0 -- 1 -- 1
Category 2:  1 -- 0 -- 1
Category 3:  0 -- 0 -- 0
TOTAL:  1 -- 1 -- 2

FINDINGS LAST AUDIT: 3

State of Illinois, Office of the Auditor
General
FRANK J. MAUTINO, AUDITOR GENERAL

To obtain a copy of the Report contact:
Office of the Auditor General, 400 West
Monroe, Suite 306, Springfield, IL
62704-9849
(217) 782-6046 or TTY (888) 261-2887

This Report Digest and Full Report are also
available on the worldwide web at
www.auditor.illinois.gov

INTRODUCTION

This digest covers Eastern Illinois
University’s Financial Audit as of and for
the year ended June 30, 2024.  Digests
covering the University’s Single Audit and
the University’s Compliance Examination for
the year ended June 30, 2024 will be issued
at a later date.

SYNOPSIS

• (24-01) The University did not have
adequate internal control over reporting its
census data and did not have a
reconciliation process to provide assurance
census data submitted to its pension and
other postemployment benefits (OPEB) plans
was complete and accurate.

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

INADEQUATE INTERNAL CONTROLS OVER CENSUS
DATA

Eastern Illinois University (University) did
not have adequate internal control over
reporting its census data and did not have a
reconciliation process to provide assurance
census data submitted to its pension and
other postemployment benefits (OPEB) plans
was complete and accurate.

During testing, some of the more significant
issues we noted include the following:

• The University had not performed an
initial complete reconciliation of its
census data recorded by SURS to its internal
records to establish a base year of complete
and accurate data.

• During our testing of instructor
eligibility testing, we noted 19 instructors
were not reported as eligible to participate
in SURS by the university. All of these
instances have been previously reported,
however still impacted the June 30, 2022
census data. SURS determined the total
potential impact of this error was the
instructor’s total service credit was off by
a combined 41.5 years.  (Finding 1, pages
5-8)

We recommended the University continue to
work with SURS to complete the base year
reconciliation of fiscal year 2021 active
members’ census data from its underlying
records to a report of census data submitted
to SURS’ actuary and CMS’ actuary.

The University agreed with the
recommendation.

OTHER FINDING

The remaining finding pertains to the
University not having adequate internal
controls over insurance proceeds received to
ensure amounts were recognized as revenue in
the correct period. We will review the
University’s progress towards the
implementation of our recommendation in our
next financial audit.

AUDITOR’S OPINION

The auditors stated the financial statements
of the University as of and for the year
ended June 30, 2024 are fairly stated in all
material respects.

This financial audit was conducted by Plante
& Moran, PLLC.

COURTNEY DZIERWA
Division Director

This report is transmitted in accordance
with Section 3-14 of the Illinois State
Auditing Act.

FRANK J. MAUTINO
Auditor General

FJM:TLK