REPORT DIGEST

 

REGIONAL OFFICE OF EDUCATION #13

 

CLINTON/MARION/ WASHINGTON COUNTIES

 

FINANCIAL AUDIT

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

 

For the Year Ended:

June 30, 2004

 

Summary of Findings:

 

Total this audit†††††                †††† 1

Total last audit†††††††††††††             0

Repeated from last audit†††††††††† 0

 

 

Release Date:

February 17, 2005

 

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 is also available on

the worldwide web at

http://www.state.il.us/auditor

 

 

 

 

 

 

 

SYNOPSIS

 

        The Regional Office of Education #13 classified a $19,433 capital outlay expenditure as a miscellaneous object expenditure.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 


†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††

REGIONAL OFFICE OF EDUCATION #13

CLINTON/MARION/WASHINGTON COUNTIES

 

FINANCIAL AUDIT

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

For The Year Ended June 30, 2004

 

 

FY 2004

FY 2003

TOTAL REVENUES

$2,767,740

$3,016,294

Local sources

$488,498

$627,810

% of Total Revenues

17.65%

20.81%

State Sources

$1,799,046

$1,659,929

% of Total Revenues

65.00%

55.03%

Federal Sources

$480,196

$728,555

% of Total Revenues

17.35%

24.15%

 

TOTAL EXPENDITURES

$2,611,596

$2,812,789

Salaries and Benefits

$1,959,072

$2,070,945

% of Total Expenditures

75.01%

73.63%

Purchased Services

$457,956

$474,452

% of Total Expenditures

17.54%

16.87%

All Other Expenditures

$194,568

$267,392

% of Total Expenditures

7.45%

9.51%

 

 

 

TOTAL NET ASSETS1

$1,683,340

$1,521,253

 

 

 

INVESTMENT IN CAPITAL ASSETS 1

$52,390

$46,447

 

 

 

1         In fiscal year 2004, Regional Offices of Education implemented Government Accounting Standards Board (GASB) Statement No. 34 which established a new financial reporting model for state and local governments.Government-wide financial statements are prepared using full accrual accounting that reports Total Net Assets.The fiscal year 2003 ending general fixed assets have been restated to reflect the changes required as part of the implementation of GASB Statement No. 34.

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

 

REGIONAL SUPERINTENDENT

During Audit Period:Honorable Danny Garrett

Currently:Honorable Danny Garrett

 

 

 

 

 

 

 

 

 

 

 

 

 


The Regional Office of Education #13 classified a $19,433 capital outlay expenditure as a miscellaneous object expenditure.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FINDINGS, CONCLUSIONS AND RECOMMENDATIONS

 

IMPROPER EXPENDITURE CLASSIFICATION

 

††††††† The Regional Office of Education #13 classified a $19,433 capital outlay expenditure as a miscellaneous object expenditure.

 

††††††† The Regional Office of Education #13 is required by the Illinois State Board of Education (ISBE) to classify expenditures in the appropriate functional category. (Finding 04-1, page 12).

 

The Regional Office of Education #13 accepted the auditorís recommendation and will classify capital outlay expenditures in the correct account code.

 

 

 

AUDITORSí OPINION

 

††††† Our auditors state the Regional Office of Education #13ís financial statements as of June 30, 2004 are fairly presented in all material respects.

 

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

 

WGH:JRB

 

 

SPECIAL ASSISTANT AUDITORS

 

††††† Our special assistant auditors were Kemper CPA Group LLP.