REPORT DIGEST

 

REGIONAL OFFICE OF EDUCATION #35

 

LASALLE COUNTY

 

FINANCIAL AUDIT

 

For the Year Ended:

June 30, 2007

 

Summary of Findings:

 

Total this audit†††††††††††††    0

Total last audit††††††††††††   † 1

Repeated from last audit  0

 

Release Date:

June 24, 2008

 

 

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, 2007.

 

 

 

 

AUDITORSí OPINION

 

†††††††† Our auditors state the Regional Office of Education #35ís financial statements as of June 30, 2007 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 #35

LASALLE COUNTY

FINANCIAL AUDIT

For The Year Ended June 30, 2007

 

 

 

FY 2007

FY 2006

TOTAL REVENUES

$1,950,172

$1,906,400

Local Sources

$661,321

$590,307

% of Total Revenues

33.91%

30.96%

State Sources

$1,154,689

$1,181,579

% of Total Revenues

59.21%

61.98%

Federal Sources

$134,162

$134,514

% of Total Revenues

6.88%

7.06%

 

TOTAL EXPENDITURES

$2,227,873

$2,113,806

Salaries and Benefits

$1,127,268

$1,187,821

% of Total Expenditures

50.60%

56.19%

Purchased Services

$553,242

$649,120

% of Total Expenditures

24.83%

30.71%

All Other Expenditures

$547,363

$276,865

% of Total Expenditures

24.57%

13.10%

 

 

 

TOTAL NET ASSETS

$1,036,844

$1,314,545

 

 

 

INVESTMENT IN CAPITAL ASSETS

 

$4,102

 

$6,706

 

††††††††††††† Percentages may not add due to rounding.

 

 

REGIONAL SUPERINTENDENT

During Audit Period:Honorable William Novotney

Currently:Honorable Richard Myers