The Illinois Auditor General's office released the Office of the Treasurer Nonfiscal Officer Responsibilities Compliance Examination for the two years ended June 30, 2017, to the Illinois Senate on Feb. 27.
The report stated that for the 2016 and 2017 fiscal years, 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 did not have required documentation, while one-third of the monthly cash reports were missing documentation. One of the monthly revenue status report reconciliations did not provide required documentation.
The auditors recommended 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.
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