REPORT DIGEST

REGIONAL OFFICE OF EDUCATION #30

 

JACKSON AND PERRY 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††††††††††            ††† 0

Total last audit††††††††††††            † 3

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

 

 

 

 

 

 

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, 2004.

 

 

AUDITORSí OPINION

 

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

 

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

 

WGH:KJM:ro

 

 

SPECIAL ASSISTANT AUDITORS

 

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

 

 

 

 

 

 

 

 

 

 

 

 

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

 


 

†††††††††††††††††††††††††††††††††††††††††††††† REGIONAL OFFICE OF EDUCATION #30

††††††††††† JACKSON AND PERRY 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

$1,145,105

$1,587,182

Local sources

$197,765

$212,387

% of Total Revenues

17.27%

13.38%

State Sources

$652,850

$1,322,046

% of Total Revenues

57.01%

83.30%

Federal Sources

$294,490

$52,749

% of Total Revenues

25.72%

3.32%

 

TOTAL EXPENDITURES

$1,132,367

$1,572,729

Salaries and Benefits

$708,538

$769,780

% of Total Expenditures

62.57%

48.95%

Purchased Services

$186,993

$700,559

% of Total Expenditures

16.51%

44.54%

All Other Expenditures

$236,836

$102,390

% of Total Expenditures

20.92%

6.51%

 

 

 

TOTAL NET ASSETS1

$563,778

$551,040

 

 

 

INVESTMENT IN CAPITAL ASSETS1

$119,562

$122,660

 

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 Donald L. Brewer

Currently:Honorable Robert Koehn