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, 2008

 

Summary of Findings:

 

Total this audit                      0

Total last audit                      0

Repeated from last audit       0

 

Release Date:

April 21, 2009

 

 

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

Iles Park Plaza

740 E. Ash Street

Springfield, IL 62703

(217) 782-6046 or TTY (888) 261-2887

 

This Report Digest and Full Report are also available on

the worldwide web at

http://www.auditor.illinois.gov

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INTRODUCTION

 

         Our report covers the financial audit for the period ending June 30, 2008.

 

 

 

 

AUDITORS’ OPINION

 

         Our auditors state the Regional Office of Education #4’s financial statements as of June 30, 2008 are fairly presented in all material respects.

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

 

WGH:KJM

 

 

 

 

SPECIAL ASSISTANT AUDITORS

 

         Our special assistant auditors were E.C. Ortiz & Co., LLP.

 

 

 

 

 

 

 

 

 

 

 

{Expenditures and Revenues are summarized on the reverse page.}

 

 

 

 

 

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, 2008

 

 

 

FY 2008

FY 2007

TOTAL REVENUES

$7,168,265

$6,584,404

Local Sources

$1,411,726

$1,374,223

% of Total Revenues

19.69%

20.87%

State Sources

$3,568,301

$3,504,512

% of Total Revenues

49.78%

53.22%

Federal Sources

$2,188,238

$1,705,669

% of Total Revenues

30.53%

25.90%

 

TOTAL EXPENDITURES

$7,016,725

$5,887,494

Salaries and Benefits

$3,169,413

$2,853,901

% of Total Expenditures

45.17%

48.47%

Purchased Services

$3,115,971

$2,290,544

% of Total Expenditures

44.41%

38.91%

All Other Expenditures

$731,341

$743,049

% of Total Expenditures

10.42%

12.62%

 

TOTAL NET ASSETS

$4,424,914

$4,273,374

 

INVESTMENT IN CAPITAL ASSETS

$30,983

$57,189

 

Percentages may not add due to rounding

 

 

REGIONAL SUPERINTENDENT 

During Audit Period: Honorable Richard Fairgrieves

Currently: Honorable Richard Fairgrieves