REPORT DIGEST

 

REGIONAL OFFICE OF EDUCATION #35

 

LASALLE COUNTY

 

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†††††††††††††             1

Total last audit†††††††††††††             6

Repeated from last audit†††††††††† 0

 

Release Date:

May 19, 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

 

 

 

 

 

SYNOPSIS

 

 

         The Regional Office of Education #35 accumulated excess funds in its Workshop fund.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 


 

†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††

REGIONAL OFFICE OF EDUCATION #35

LASALLE COUNTY

 

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

$1,816,828

$1,780,332

Local Sources

$379,128

$66,420

% of Total Revenues

20.87%

3.73%

State Sources

$631,523

$1,546,865

% of Total Revenues

34.76%

86.89%

Federal Sources

$806,177

$167,047

% of Total Revenues

44.37%

9.38%

 

TOTAL EXPENDITURES

$1,865,255

$1,761,658

Salaries and Benefits

$1,180,967

$1,206,959

% of Total Expenditures

63.31%

68.51%

Purchased Services

$418,864

$314,804

% of Total Expenditures

22.46%

17.87%

All Other Expenditures

$265,424

$239,895

% of Total Expenditures

14.23%

13.62%

 

 

 

TOTAL NET ASSETS1

$1,542,499

$1,579,657

 

 

 

INVESTMENT IN CAPITAL ASSETS1

 

$12,132

 

$863

 

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 William Novotney

Currently:Honorable William Novotney

 


 

 

 

 

 

 

 

 

 

 

 


The Regional Office of Education #35 accumulated excess funds in its Workshop fund.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FINDINGS, CONCLUSIONS AND RECOMMENDATIONS

 

 

NONCOMPLIANCE WITH STATE MANDATE

 

††††††† The Illinois Administrative Code (23 Ill. Adm. Code 110.115) requires that fees for conferences, workshops, materials and other costs charged for discretionary activities not required by law or rule are to be determined on a cost-recovery basis.Excess funds resulting from registrations or requests for materials/ services beyond the anticipated cost-recovery basis shall be deposited in an Enterprise Fund to be used solely to reduce the cost of similar items or to cover costs incurred due to less-than-anticipated registrations or requests for materials/services.The Regional Office of Education #35ís Workshop fund had a fund balance of $579,083 and $578,183 as of June 30, 2004 and 2003, respectively.Total expenditures for fiscal years 2004 and 2003 amounted to $127,933 and $54,514, respectively.

 

†††††††† Regional Office management stated that the workshop fees were allowed to accumulate and the excess funds were not used to reduce the cost of future workshops due to an uncertainty about funding for these activities on a year-to-year basis (Finding 04-1, pages 12-13).

 

†††††††† The Regional Office of Education #35 accepted the recommendation to comply with provisions of the administrative rules. The Regional Office stated it does not charge any assessment to local districts for their services other than the necessary cost for planning, implementation, and evaluation.Any excess of the fees charged above the anticipated costs are then placed in a fund, which has been used over the years to help defray the cost of coordinating and implementation of the required services.

 

 

 

 

AUDITORSí OPINION

 

†††††† Our auditors state the Regional Office of Education #35ís financial statements as of June 30, 2004 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.