REPORT DIGEST

 

REGIONAL OFFICE OF EDUCATION #32

 

IROQUOIS/KANKAKEE 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††††††††††††††††††††† 1

Repeated from last audit†††††† 0

 

Release Date:

July 23, 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 is also available on

the worldwide web at

http://www.auditor.illinois.gov

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INTRODUCTION

 

†††††††† Our report covers the financial audit for the period ending June 30, 2008.

 

 

 

 

AUDITORSí OPINION

 

†††††††† Our auditors state the Regional Office of Education #32ís 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 E.C. Ortiz & Co., LLP.

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

REGIONAL OFFICE OF EDUCATION #32

IROQUOIS/KANKAKEE 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

$7,607,115

$7,734,947

Local Sources

$1,238,699

$1,403,233

% of Total Revenues

16.28%

18.14%

State Sources

$3,067,347

$2,643,087

% of Total Revenues

40.32%

34.17%

Federal Sources

$3,301,069

$3,688,627

% of Total Revenues

43.39%

47.69%

 

TOTAL EXPENDITURES

$7,423,693

$7,288,481

Salaries and Benefits

$3,868,918

$3,466,302

% of Total Expenditures

52.12%

47.56%

Purchased Services

$2,824,944

$2,874,005

% of Total Expenditures

38.05%

39.43%

All Other Expenditures

$729,831

$948,174

% of Total Expenditures

9.83%

13.01%

 

TOTAL NET ASSETS

$2,150,277

$1,966,855

 

INVESTMENT IN CAPITAL ASSETS

$0

$0

 

Percentages may not add due to rounding.

 

 

REGIONAL SUPERINTENDENT

During Audit Period:Honorable Kay Pangle

Currently:Honorable Kay Pangle