REPORT DIGEST

 

REGIONAL OFFICE OF EDUCATION #10

 

CHRISTIAN AND MONTGOMERY COUNTIES

 

FINANCIAL AUDIT

 

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:

June 11, 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 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, 2008.

 

 

 

 

AUDITORSí OPINION

 

†††††††† Our auditors state the Regional Office of Education #10ís 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 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, 2008

 

 

FY 2008

FY 2007

TOTAL REVENUES

$1,187,035

$1,093,405

Local Sources

$197,655

$167,412

% of Total Revenues

16.65%

15.31%

State Sources

$905,391

$846,300

% of Total Revenues

76.27%

77.40%

Federal Sources

$83,989

$79,693

% of Total Revenues

7.08%

7.29%

 

TOTAL EXPENDITURES

$1,185,647

$1,103,434

Salaries and Benefits

$1,005,277

$915,556

% of Total Expenditures

84.79%

82.97%

Purchased Services

$134,308

$127,984

% of Total Expenditures

11.33%

11.60%

All Other Expenditures

$46,062

$59,894

% of Total Expenditures

3.88%

5.43%

 

TOTAL NET ASSETS

$132,837

$131,449

 

INVESTMENT IN CAPITAL ASSETS

$10,037

$5,956

 

Percentages may not add due to rounding.

 

 

REGIONAL SUPERINTENDENT

During Audit Period: Honorable Greg Springer

Currently: Honorable Greg Springer