V/^J CITY COLLEGES"
i^^of CHICAGO
December 20, 2022
Dear Colleague:
City Colleges of Chicago is pleased to present the Annual Comprehensive Financial Report (ACFR) for its Fiscal Year 2022. This comprehensive report reflects detailed information and statistics. Additional copies of these reports are available from the Office of Finance at 773-487-3743 or on our website at
ReportSTaspx.
Bruce Gename, Associate Controller City Colleges of Chicago - Finance Department 3901 South State Street, Room 216 Chicago, Illinois 60609
Enclosure: City Colleges of Chicago Board Report 34661
Chicaqo City Clerk-Council H\v,
2022 DEC 20ph1:55
3901 S. State St. I Chicago, IL 60609 I 773-COLLEGE I www.ccc.edu
34661
ADOPTED - BOARD OF TRUSTEES COMMUNITY COLLEGE DISTRICT NO. 508 DECEMBER 1, 2022
BOARD OF TRUSTEES OF COMMUNITY COLLEGE DISTRICT NO. 508 COUNTY OF COOK AND STATE OF ILLINOIS
RESOLUTION TO TRANSMIT FISCAL YEAR 2022 ANNUAL AUDIT OFFICE OF FINANCE
WHEREAS, pursuant to Section 7-24 of the Illinois Public Community College Act, "the board shall yearly, and may as often as necessary, appoint certified public accountants to examine thc business methods and audit the accounts of the board, and to submit a report of that examination and audit, together with any of their recommendations as to changes in business methods of the board or any of its departments, officers or employees That report shall be made to the mayor, the city council and thc board and be filed in the records of the board";
WHEREAS, the City Colleges of Chicago audit for Fiscal Year 2022 was completed by RSM US, LLP which found that there was a reasonable basis for rending an unmodified opinion that the District's financial statements were fairly presented in conformity with Generally Accepted Accounting Principles (GAAP); and
WHEREAS, the Office of Finance has reviewed the completed audit for Fisc...
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