Report: Half of Treasurer's Office monthly appropriation status reports missing documentation
The Illinois Auditor General's office has released the Office of the Treasurer Nonfiscal Officer Responsibilities Compliance Examination for the two-year period ending June 30. The report was released to the House on Feb. 27.
The report said that for fiscal 2016 and 2017, the office spent $3.41 billion and $5.11 billion, respectively. Receipts were $334.2 million in 2016 and $332.8 million in 2017.
A major finding of the report was that the Illinois Office of the Treasurer “did not maintain adequate controls over monthly appropriation, cash receipt and cash balance reconciliation,” according to the report summary.
Half of the monthly appropriation status reports tested did not have required documentation, while one-third of the monthly cash reports were missing required documentation. One of the monthly revenue status report reconciliations did not provide required documentation, the report said.
The auditors recommended in the report that the treasurer’s office “document the separation of duties over preparation and review of appropriation, cash receipt and cash balance reconciliation.”
Crowe Horwath LLP conducted the audit.