REPORT DIGEST

 

REGIONAL OFFICE OF EDUCATION #28

BUREAU, HENRY AND STARK COUNTIES

 

FINANCIAL AND COMPLIANCE AUDIT

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

 

For the Year Ended:

June 30, 2003

 

Summary of Findings:

Total this audit 0

Total last audit 0

Repeated from last audit 0

 

Release Date:

January 28, 2004

 

 

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 TDD (217) 524-4646

 

 

This Report Digest is also available on

the worldwide web at

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

 

 

INTRODUCTION

Our report covers the financial and compliance audit, in accordance with the Single Audit Act and OMB Circular A-133, for the period ending June 30, 2003.

 

AUDITORSí OPINION

Our auditors state the Regional Office of Education #28ís financial statements as of June 30, 2003 are fairly presented in all material respects.

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:KJM:ro

 

SPECIAL ASSISTANT AUDITORS

Our special assistant auditors were Ginoli & Company LTD.

 

 

 

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

                   

                    REGIONAL OFFICE OF EDUCATION #28

                   BUREAU, HENRY AND STARK COUNTIES

 

                      FINANCIAL AND COMPLIANCE AUDIT

        In Accordance with the Single Audit Act and OMB Circular A-133

                            For The Year Ended June 30, 2003

 

FY 2003

FY 2002

TOTAL REVENUES

$1,694,582

$1,739,634

Local sources

$467,113

$297,959

% of Total Revenues

27.57%

17.13%

State Sources

$1,038,037

$1,158,629

% of Total Revenues

61.26%

66.60%

Federal Sources

$189,432

$283,046

% of Total Revenues

11.18%

16.27%

 

TOTAL EXPENDITURES

$1,733,131

$1,789,943

Salaries and Benefits

$466,841

$166,063

% of Total Expenditures

26.94%

9.28%

Purchased Services

$273,316

$378,412

% of Total Expenditures

15.77%

21.14%

All Other Expenditures

$992,974

$1,245,468

% of Total Expenditures

57.29%

69.58%

     

COST OF PROPERTY AND EQUIPMENT

$298,678

$275,070

 

* Percentages may not add due to rounding.

REGIONAL SUPERINTENDENT

During Audit Period: Honorable Bruce Dennison

Currently: Honorable Bruce Dennison