REPORT DIGEST

REGIONAL OFFICE OF EDUCATION # 4
BOONE AND WINNEBAGO COUNTIES
FINANCIAL AUDIT

(In accordance with the Single Audit Act and OMB Circular A-133)

For the Year Ended:
June 30, 2002

Summary of Findings:

Total this audit 0
Total last audit 1
Repeated from last audit 0

Release Date:
January 23, 2003

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State of Illinois
Office of the Auditor General

WILLIAM G. HOLLAND

AUDITOR GENERAL

To obtain a copy of the Report contact:
Office of the Auditor General
Attn: Records Manager
Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703
(217)782-6046 or TDD (217) 524-4646
This Report Digest is also available on
the worldwide web at
http://www.state.il.us/auditor

  

 

 

INTRODUCTION

Our report covers the financial audit for the period ending June 30, 2002.

 

AUDITORS’ OPINION

Our auditors state the Regional Office of Education #4’s financial statements as of June 30, 2002 are fairly presented in all material respects.

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

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SPECIAL ASSISTANT AUDITORS

Our special assistant auditors were Clifton Gunderson LLP.

 

 

 

{Expenditures and Activity Measures are summarized on the reverse page.}


REGIONAL OFFICE OF EDUCATION # 4
BOONE AND WINNEBAGO COUNTIES
FINANCIAL AUDIT
For The Year Ended June 30, 2002

FY 2002

FY 2001
TOTAL REVENUES

1$5,061,818

$4,940,921

Local sources

$1,082,851

$911,900

% of Total Revenues

21.39%

18.46%

State Sources

1$3,614,057

$3,613,275

% of Total Revenues

71.40%

73.13%

Federal Sources

$364,910

$415,746

% of Total Revenues

7.21%

8.41%
TOTAL EXPENDITURES

1$4,939,215

$4,567,114

Salaries and Benefits

1$2,676,004

$2,266,721

% of Total Expenditures

54.18%

49.63%

Purchased Services

$1,551,392

$1,634,288

% of Total Expenditures

31.41%

35.78%

All Other Expenditures

$711,819

$666,105

% of Total Expenditures

14.41%

14.58%
COST OF PROPERTY AND EQUIPMENT

$848,962

$ 732,107

Note: Fiscal Year 2001 data was obtained from audits of ROEs conducted under the direction of the Illinois State Board of Education.
1 Fiscal Year 2002 amounts include on-behalf payments ($329,886). These on-behalf payments were not included in Fiscal Year 2001.
* Percentages may not add due to rounding.
REGIONAL SUPERINTENDENT
During Audit Period: Honorable Richard Fairgrieves
Currently: Honorable Richard Fairgrieves