REPORT DIGEST

 

REGIONAL OFFICE OF EDUCATION #24

 

GRUNDY AND KENDALL 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††††††††††††††††††††† 0

Repeated from last audit       0

 

Release Date:

July 8, 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 #24ís financial statements as of June 30, 2008 are fairly stated in all material respects.

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

 

WGH:KJM

 

 

 

 

SPECIAL ASSISTANT AUDITORS

 

†††††††† Our special assistant auditors were E.C. Ortiz & Co., LLP.

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

REGIONAL OFFICE OF EDUCATION #24

GRUNDY AND KENDALL 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

$5,974,524

$5,186,694

Local Sources

$197,885

$196,650

% of Total Revenues

3.31%

3.79%

State Sources

$4,893,840

$3,955,256

% of Total Revenues

81.91%

76.26%

Federal Sources

$882,799

$1,034,788

% of Total Revenues

14.78%

19.95%

 

TOTAL EXPENDITURES

$5,926,667

$5,128,296

Salaries and Benefits

$4,176,519

$3,643,352

% of Total Expenditures

70.47%

71.04%

Purchased Services

$816,539

$682,869

% of Total Expenditures

13.78%

13.32%

All Other Expenditures

$933,609

$802,075

% of Total Expenditures

15.75%

15.64%

 

 

 

TOTAL NET ASSETS

$492,288

$444,431

 

INVESTMENT IN CAPITAL ASSETS

$45,604

$60,283

 

Percentages may not add due to rounding.

 

 

REGIONAL SUPERINTENDENT

During Audit Period: Honorable Paul Nordstrom

Currently:Honorable Paul Nordstrom