prairie state college graphic.3

Prairie State College Board Accepts Positive FY2024 Financial Audit

July 2, 2025/
Spread the love

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.

Leave a Comment





Latest News Stories

Incumbents survive Indiana U.S. House challenges

Incumbents survive Indiana U.S. House challenges

By Andrew RiceThe Center Square Incumbent U.S. House candidates from Indiana held on to party nominations Tuesday, despite intense pressure from challengers. District 4 Rep. Jim Baird survived a primary...
Incumbents survive Indiana U.S. House challenges

Incumbents survive Indiana U.S. House challenges

By Andrew RiceThe Center Square Incumbent U.S. House candidates from Indiana held on to party nominations Tuesday, despite intense pressure from challengers. District 4 Rep. Jim Baird survived a primary...
Ohio voters pick candidates for November election

Ohio voters pick candidates for November election

By Andrew RiceThe Center Square Ohio voters elected party representatives for governor, U.S. House of Representatives and U.S. Senate on Tuesday. The election was the first since the Ohio legislature...
Ohio voters pick candidates for November election

Ohio voters pick candidates for November election

By Andrew RiceThe Center Square Ohio voters elected party representatives for governor, U.S. House of Representatives and U.S. Senate on Tuesday. The election was the first since the Ohio legislature...
'Project Freedom' paused while U.S., Iran try to negotiate a deal

‘Project Freedom’ paused while U.S., Iran try to negotiate a deal

By Sarah Roderick-FitchThe Center Square More than a day after its implementation, “Project Freedom,” a U.S. operation to safely escort commercial ships through the Strait of Hormuz, has been put...
Colorado House votes for credit card fee reduction

Colorado House votes for credit card fee reduction

By Liam HibbertThe Center Square Legislation to reduce credit card fees on purchases is a step closer to final passage in Colorado with proponents saying it will help small businesses...
Rubio confirms Epic Fury over; U.S. responding defensively in Strait of Hormuz

Rubio confirms Epic Fury over; U.S. responding defensively in Strait of Hormuz

By Morgan SweeneyThe Center Square Secretary of State Marco Rubio said Tuesday afternoon that Operation Epic Fury was concluded – similar to what the president has said in his communications...
Department of Employment Security faces questions about fraud recoveries

Department of Employment Security faces questions about fraud recoveries

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The director of the Illinois Department of Employment Security says his agency has changed its processes in...
Poll: Majority of voters dissatisfied with economy, prices

Poll: Majority of voters dissatisfied with economy, prices

By Andrew RiceThe Center Square More than half of Americans said they are at least somewhat dissatisfied with the overall economy, according to a new poll. The poll, conducted by...
Illinois Quick Hits: State rep says megaprojects bill usable for Chicago

Illinois Quick Hits: State rep says megaprojects bill usable for Chicago

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – State Rep. Kam Buckner, D-Chicago, says his megaprojects legislation is a directly usable tool for the city...
Tax hikes alone won't fully address US debt, report finds

Tax hikes alone won’t fully address US debt, report finds

By Brett RowlandThe Center Square No tax proposal before Congress would be sufficient on its own to put the federal debt on a sustainable long-term path, according to a new...
House GOP says Dems ignoring ‘realistic’ property tax relief plans

House GOP says Dems ignoring ‘realistic’ property tax relief plans

By Sean Reed | The Center SquareThe Center Square (The Center Square) – As the clock continues to tick toward the end of the legislative session in Springfield, Republican lawmakers...
Chicago mayor to push for local funding, keeping Bears

Chicago mayor to push for local funding, keeping Bears

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – As he travels to Springfield to lobby for state funding of local governments, Chicago Mayor Brandon Johnson...
Doctors warn CMS proposal could weaken colorectal cancer screening standards

Doctors warn CMS proposal could weaken colorectal cancer screening standards

By Tom JoyceThe Center Square Doctors have voiced concerns about a proposed rule from the Centers for Medicare & Medicaid Services that would expand Medicare coverage for some colorectal cancer...
Senate Republicans unveil $72 billion budget package to fund ICE, CBP

Senate Republicans unveil $72 billion budget package to fund ICE, CBP

By Thérèse BoudreauxThe Center Square Republicans are forging ahead with legislation to fund Immigration and Customs Enforcement and Customs and U.S. Border Patrol along party lines. The two Senate committees...