Prairie State College Board Accepts Positive FY2024 Financial Audit
Article Summary: The Prairie State College Board of Trustees unanimously accepted the audited financial statements for fiscal year 2024, signaling a clean bill of financial health for the institution. A college trustee praised the administration for the thoroughness of the budget and its transparent presentation.
PSC Board Financial Actions Key Points:
-
The Board of Trustees formally accepted the audited financial statements for fiscal year 2024.
-
An external auditor, John Wasaki of GW & Associates, presented the findings to the board.
-
Trustee John Stanfa commended the administration and Chief Financial Officer Cathy Svetanoff for a “wonderful job” on the budget.
The Prairie State College Board of Trustees officially accepted the college’s annual financial audit for the 2024 fiscal year on Tuesday, following a brief presentation from an external auditor.
The board voted unanimously to accept the statements, which provide a detailed review of the college’s financial position and practices from the previous fiscal year. John Wasaki, a partner with the auditing firm GW & Associates, was present to deliver the report to the board.
College President Dr. Michael D. Anthony acknowledged the report was delivered to the board on the night of the meeting and pledged to provide the documents earlier in the future to allow for a longer review period. “We’re working every year to get these to you sooner and sooner so you have them a little bit longer to review,” Anthony said.
Despite the short timeframe, Trustee John Stanfa said he had reviewed the entire document and was highly impressed.
“I just want to say what a wonderful job the budget was. I went through the entire thing today. It was amazing and I appreciate everything,” Stanfa said, directing his comments to Chief Financial Officer Cathy Svetanoff. Svetanoff credited the successful audit to a “big team effort.”
The board also approved routine budget transfers for February 2025 during the meeting.
Showers And Thunderstorms Likely
Latest News Stories
As Illinois ends grocery tax locals can replace, food inflation debate continues
North Carolina NYE terror attack foiled by FBI, several police departments
Beecher bids farewell to Chief Lemming following retirement
DeWine defends fraud safeguards at Ohio child care facilities
Illinois quick hits: State keeps more tax revenue, locals get less
Beecher Library Board Approves Annual Financial Report and CD Renewal
U.S. House vote on employee bargaining met with ‘political theater’ criticism
Hog producer: 2025 was strong, but IL legislature needs to address estate tax
Trump to remove National Guard members from Chicago, LA, Portland
Illinois’ compact fluorescent bulb ban begins to take effect
Illinois quick hits: SBA sues Chicago over online betting tax
Illinois Congressman: Millions face higher premiums despite GOP health bill
