The Illinois Auditor General's office has released its compliance examination report for the state Office of Management and Budget for the two-year period ending June 30. The report was released March 6.
The audit's major findings include a rebate of more than $2.4 million that was not received from the federal government and no documentation showing an effort to collect the funds, as well as five of 22 tested rebates not received in full.
The report also found discrepancies among locally held fund reports, including a missing entry for accrued investment income of $40,344 on Form C-17. Other disclosures ranging from $55 to $28.9 million were erroneously reported, according to the report.
The OMB did not dispute any of the findings of the report, which was prepared by West and Co. LLC.
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