REPORT DIGEST REGIONAL OFFICE OF EDUCATION #21: FRANKLIN AND WILLIAMSON COUNTIES FINANCIAL AUDIT (In Accordance with the Single Audit Act and OMB Circular A-133)For the Two Years Ended: June 30, 2013 Release Date: January 23, 2014 Summary of Findings: Total this audit: 1 Total last audit: 1 Repeated from last audit: 0 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 www.auditor.illinois.gov SYNOPSIS • The Regional Office of Education #21 did not have sufficient internal controls over capital asset maintenance. FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS INTERNAL CONTROLS OVER CAPITAL ASSET MAINTENANCE The Regional Office of Education #21 is responsible for establishing and maintaining an internal control system over capital asset maintenance sufficient to prevent errors and fraud. The Regional Office of Education #21 does not have sufficient internal controls over capital asset maintenance. Auditors noted that during inspection of the capital asset listing and depreciation calculation as of June 30, 2013, it included the ECHO Building as an existing capital asset; however, this building was sold in August 2011. This discrepancy resulted in a prior period adjustment to capital assets, net of depreciation, on the Statement of Net Position in the amount of $31,725. According to Regional Office of Education #21 management, the inclusion of the building as a capital asset was an oversight. (Finding 2013-001, page 13) The auditors recommended that the Regional Office of Education #21 staff in charge of the annual capital asset inventory count should physically view all capital assets included on the capital asset listing to verify that all capital assets exist and are not damaged. The Regional Office of Education #21 responded that it agrees with the finding. AUDITORS’ OPINION Our auditors state the Regional Office of Education #21’s financial statements as of June 30, 2013 are fairly stated in all material respects. WILLIAM G. HOLLAND Auditor General WGH:KJM AUDITORS ASSIGNED: Kemper CPA Group LLP were our special assistant auditors.