REPORT DIGEST

REGIONAL OFFICE OF EDUCATION #53: MASON,
TAZEWELL AND WOODFORD COUNTIES

FINANCIAL AUDIT
FOR THE TWO YEARS ENDED JUNE 30, 2024

Release Date:  March 5, 2025

FINDINGS THIS AUDIT: 0

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

FINDINGS LAST AUDIT: 0

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


SYNOPSIS

• (24-1) The Regional Office of Education
#53 lacked adequate controls over the bank
reconciliation process.

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

INADEQUATE CONTROLS OVER BANK RECONCILIATION
PROCESS

The Regional Office of Education #53 (ROE)
lacked adequate controls over the bank
reconciliation process. The ROE maintained 5
bank accounts. During the audit, auditors
noted 4 of 60 monthly reconciliations (7%)
were performed later than the end of the
following month.

Effective internal control policies require
complete and accurate accounting records of
all transactions of the entity. Sound
internal controls require bank
reconciliations to be performed accurately
and promptly, no later than the end of the
following month. Reconciling items should be
investigated immediately, and adjustments
made to the general ledger. Bank
reconciliations should also be reviewed and
approved by a person independent of the
preparer in a timely manner.

Regional Office officials indicated bank
reconciliations were performed later than
the end of the following month due to
competing priorities. (Finding 2024-001,
page 11)

The auditors recommended the ROE should
prepare monthly bank reconciliations no
later than the end of the following month.

ROE Response: The Regional Office of
Education No. 53 will prepare monthly bank
reconciliations no later than the end of the
following month.

AUDITORS’ OPINION

Our auditors state the Regional Office of
Education #53’s financial statements as of
June 30, 2024 are fairly presented in all
material respects.

This financial audit was conducted by the
firm of Adelfia LLC.

JOE BUTCHER
Division Director

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

FRANK J. MAUTINO
Auditor General

FJM:JRB