REPORT DIGEST

 

REGIONAL OFFICE OF EDUCATION #20

 

EDWARDS/GALLATIN/ HARDIN/POPE/SALINE/ WABASH/WAYNE/WHITE 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                      2

Repeated from last audit†††††††0

 

Release Date:

June 4, 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, in accordance with the Single Audit Act and OMB Circular A-133, for the period ending June 30, 2008.

 

 

 

 

AUDITORSí OPINION

 

†††††††† Our auditors state the Regional Office of Education #20ís financial statements as of June 30, 2008 are fairly presented in all material respects.

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

 

WGH:JRB

 

 

 

 

SPECIAL ASSISTANT AUDITORS

 

†††††††† Our special assistant auditors were West & Company, LLC.

 

 

 

 

 

 

 

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

 

 

 

 

 

REGIONAL OFFICE OF EDUCATION #20

EDWARDS, GALLATIN, HARDIN, POPE, SALINE, WABASH, WAYNE AND

WHITE 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

$2,653,187

$2,712,910

Local Sources

$464,953

$483,930

% of Total Revenues

17.52%

17.84%

State Sources

$1,717,486

$1,554,666

% of Total Revenues

64.73%

57.31%

Federal Sources

$470,748

$674,314

% of Total Revenues

17.74%

24.86%

 

TOTAL EXPENDITURES

$2,710,446

$2,730,184

Salaries and Benefits

$1,883,613

$1,760,488

% of Total Expenditures

69.49%

64.48%

Purchased Services

$608,882

$794,890

% of Total Expenditures

22.46%

29.12%

All Other Expenditures

$217,951

$174,806

% of Total Expenditures

8.04%

6.40%

 

TOTAL NET ASSETS

$463,107

$520,365

 

INVESTMENT IN CAPITAL ASSETS

$74,159

$62,604

 

Percentages may not add due to rounding.

 

 

REGIONAL SUPERINTENDENT

During Audit Period:Honorable Lawrence Fillingim

Currently:Honorable Lawrence Fillingim