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REPORT DIGEST REGIONAL OFFICE OF EDUCATION #35 FINANCIAL AUDIT For the Year Ended: June 30, 2008 Summary of Findings: Total this audit 0 Total last audit 0 Repeated from last audit 0 Rel July 8, 2009
State of Il Office of the Auditor General WILLIAM G. HOLLAND AUDITOR GENERAL
To obtain a copy of the
Report contact: Office of the Auditor
General (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 |
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INTRODUCTION Our
report covers the financial audit for the period ending June 30, 2008. AUDITORS’
OPINION Our auditors state the Regional Office of Education #35’s 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.} |
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FY 2008
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FY 2007
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TOTAL REVENUES |
$1,598,724 |
$1,950,172 |
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Local Sources |
$359,090 |
$661,321 |
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% of Total Revenues |
22.46% |
33.91% |
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State Sources |
$1,046,043 |
$1,154,689 |
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% of Total Revenues |
65.43% |
59.21% |
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Federal Sources |
$193,591 |
$134,162 |
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% of Total Revenues |
12.11% |
6.88% |
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TOTAL EXPENDITURES |
$1,541,313 |
$2,227,873 |
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Salaries and Benefits |
$988,431 |
$1,127,268 |
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% of Total Expenditures |
64.13% |
50.60% |
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Purchased Services |
$361,082 |
$553,242 |
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% of Total Expenditures |
23.43% |
24.83% |
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All Other Expenditures |
$191,800 |
$547,363 |
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% of Total Expenditures |
12.44% |
24.57% |
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TOTAL NET ASSETS |
$1,094,255 |
$1,036,844 |
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INVESTMENT IN
CAPITAL ASSETS |
$1,392 |
$4,102 |
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Percentages
may not add due to rounding. |
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REGIONAL
SUPERINTENDENT |
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During Audit Period: Honorable Richard Myers Currently: Honorable Richard Myers |