REPORT DIGEST

 

REGIONAL OFFICE OF EDUCATION #10

 

CHRISTIAN AND MONTGOMERY COUNTIES

 

FINANCIAL AUDIT

 

For the Year Ended:

June 30, 2007

 

Summary of Findings:

 

Total this audit†††††††††††††     0

Total last audit†††††††††††   † † 1

Repeated from last audit   0

 

Release Date:

April 3, 2008

 

 

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 is 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, 2007.

 

 

 

 

AUDITORSí OPINION

 

†††††††† Our auditors state the Regional Office of Education #10ís financial statements as of June 30, 2007 are fairly presented in all material respects.

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:KJM

 

 

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 AUDIT

For The Year Ended June 30, 2007

 

 

 

FY 2007

FY 2006

TOTAL REVENUES

$1,093,405

$1,116,142

Local Sources

$167,412

$159,075

% of Total Revenues

15.31%

14.25%

State Sources

$846,300

$830,770

% of Total Revenues

77.40%

74.43%

Federal Sources

$79,693

$126,297

% of Total Revenues

7.29%

11.32%

 

TOTAL EXPENDITURES

$1,103,434

$1,127,254

Salaries and Benefits

$915,556

$912,729

% of Total Expenditures

82.97%

80.97%

Purchased Services

$127,984

$138,625

% of Total Expenditures

11.60%

12.30%

All Other Expenditures

$59,894

$75,900

% of Total Expenditures

5.43%

6.73%

 

 

 

TOTAL NET ASSETS

$131,449

$141,478

 

 

 

INVESTMENT IN CAPITAL ASSETS

 

$5,956

 

$12,686

 

 

††††† Percentages may not add due to rounding.

 

REGIONAL SUPERINTENDENT

During Audit Period: Honorable Greg Springer

Currently: Honorable Greg Springer