REPORT DIGEST

DEPARTMENT OF TRANSPORTATION

FINANCIAL AUDIT
FOR THE YEAR ENDED JUNE 30, 2023

Release Date:  March 28, 2024

FINDINGS THIS AUDIT: 1

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

FINDINGS LAST AUDIT:  0

Category 1: Findings that are material
weaknesses in internal control and/or a
qualification on compliance with State laws
and regulations (material noncompliance).
Category 2: Findings that are significant
deficiencies in internal control and
noncompliance with State laws and
regulations.
Category 3: Findings that have no internal
control issues but are in noncompliance with
State laws and regulations.

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, Iles Park
Plaza, 740 E. Ash Street, Springfield, IL
62703
(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

SYNOPSIS

• (23-1) The Illinois Department of
Transportation (Department) did not have
adequate controls for calculating its net
investment in capital assets and
unrestricted net position.

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

AUDIT ADJUSTMENT

The Illinois Department of Transportation
(Department) did not have adequate controls
for calculating its net investment in
capital assets and unrestricted net
position.

The Department’s underlying calculations
used to determine the net position at the
end of the fiscal year inappropriately
allocated amounts to net investment in
capital assets as opposed to unrestricted
net position, resulting in a necessary
adjustment.

The effect of this misstatement in the
Department’s government-wide financial
statement was an overstatement of net
investment of capital assets and an
understatement of unrestricted net position
of $560,626,000 as of June 30, 2023. The
Department posted an audit adjustment to
correct this classification error in its
financial statements as of and for the year
ended June 30, 2023. Total net position was
not impacted. (Finding 1, page 62)

We recommended the Department review the
calculations used to determine net position
classifications so that all components of
net position are properly recorded for
presentation in the Department’s financial
statements.

The Department agreed with the finding and
stated the error in the calculation of net
position has been fixed. The Department also
stated it will continue to enhance review
processes to avoid such errors in the
future. Finally, the Department stated it
will also continue to research accounting
standards that may impact future
calculations of net position.

AUDITOR’S OPINION

The auditors stated the financial statements
of the Agency as of and for the year ended
June 30, 2023, are fairly stated in all
material respects.

This financial audit was conducted by
CliftonLarsonAllen LLP.

JANE CLARK
Division Director

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

FRANK J. MAUTINO
Auditor General

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