REPORT DIGEST

REGIONAL OFFICE OF EDUCATION #10

 

CHRISTIAN AND MONTGOMERY COUNTIES

 

FINANCIAL AND COMPLIANCE AUDIT

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

 

For the Year Ended:

June 30, 2003

 

Summary of Findings:

 

Total this audit                0

Total last audit                0

Repeated from last audit 0

 

Release Date:

February 10, 2004

 

 

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 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 and compliance audit, in accordance with the Single Audit Act and OMB Circular A-133, for the period ending June 30, 2003.

 

 

 

AUDITORSí OPINION

 

Our auditors state the Regional Office of Education #10ís financial statements as of June 30, 2003 are fairly presented in all material respects.

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:KJM:ro

 

 

 

 

SPECIAL ASSISTANT AUDITORS

 

Our special assistant auditors were West & Company, LLC.

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

                    REGIONAL OFFICE OF EDUCATION #10

                CHRISTIAN AND MONTGOMERY COUNTIES

 

                     FINANCIAL AND COMPLIANCE AUDIT

      In Accordance with the Single Audit Act and OMB Circular A-133

                          For The Year Ended June 30, 2003

 

FY 2003

FY 2002

TOTAL REVENUES

$1,252,105

$1,355,163

Local sources

$116,095

$125,764

% of Total Revenues

9.27%

9.28%

State Sources

$968,297

$1,025,872

% of Total Revenues

77.33%

75.70%

Federal Sources

$167,713

$203,527

% of Total Revenues

13.39%

15.02%

 

TOTAL EXPENDITURES

$1,261,568

$1,338,184

Salaries and Benefits

$961,784

$927,629

% of Total Expenditures

76.24%

69.32%

Purchased Services

$85,979

$130,476

% of Total Expenditures

6.82%

9.75%

All Other Expenditures

$213,805

$280,079

% of Total Expenditures

16.95%

20.93%

 

 

 

COST OF PROPERTY AND EQUIPMENT

$204,858

$176,371

 

*Percentages may not add due to rounding.

REGIONAL SUPERINTENDENT

During Audit Period: Honorable Greg Springer

Currently: Honorable Greg Springer