Mathematics and Science Academy. Compliance Examination for the Year Ended June 30, 2011

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ILLINOIS MATHEMATICS AND SCIENCE ACADEMY
COMPLIANCE EXAMINATION
For the Year Ended: June 30, 2011
Summary of Findings:
Total this audit:
Total last audit:
Repeated from last audit:
0
1
0
Release Date: February 28, 2012
SYNOPSIS
• There were no material findings of noncompliance identified during our examination.
{Expenditures and Activity Measures are summarized on the reverse page.}II
EXPENDITURE STATISTICS
Total Expenditures........................................................................
20,314,615$
21,650,003$
OPERATIONS TOTAL...................................................................
19,329,643$
20,183,760$
% of Total Expenditures...............................................................
95.2%
93.2%
Personal Services.......................................................................
13,525,528
13,401,009
% of Operations Expenditures.................................................
70.0%
66.4%
Average No. of Employees......................................................
305
305
Other Payroll Costs (FICA, Retirement)...................................
209,325
200,119
% of Operations Expenditures.................................................
1.1%
1.0%
Contractual Services..................................................................
4,267,060
4,657,190
% of Operations Expenditures.................................................
22.0%
23.1%
All Other Operating Expenditures.............................................
1,327,730
1,925,442
% of Operations Expenditures.................................................
6.9%
9.5%
AWARDS AND GRANTS.............................................................
235$
-$
% of Total Expenditures................................................................
0.0%
0.0%
REFUNDS.......................................................................................
7,375$
15,495$
% of Total Expenditures................................................................
0.0%
0.1%
NON-APPROPRIATED FUNDS...................................................
977,362$
1,450,748$
% of Total Expenditures................................................................
4.8%
6.7%
Total Receipts.................................................................................
2,335,350$
3,222,538$
Cost of Property and Equipment.................................................
62,476,775$
62,799,099$
During Examination Period: Glenn McGee Ph.D.
Currently: Glenn McGee Ph.D.
2010
2011
AGENCY DIRECTOR
ILLINOIS MATHEMATICS & SCIENCE ACADEMY
COMPLIANCE EXAMINATION
For the Year Ended June 30, 2011III
FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS
There were no material findings of noncompliance identified during our examination.
AUDITOR’S OPINION
We conducted a compliance examination of the Academy as required by the Illinois State Auditing Act. We have not audited any financial statements of the Academy for the purpose of expressing an opinion because the Academy does not, nor is it required to, prepare financial statements.
___________________________________
WILLIAM G. HOLLAND
Auditor General
WGH:CMB rt
AUDITORS ASSIGNED
Our special assistant auditors for this engagement were Borschnack, Pelletier & Co.