REPORT DIGEST

 

REGIONAL OFFICE OF EDUCATION #35

 

LASALLE COUNTY

 

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

 

Release Date:

July 8, 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 #35ís 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 #35

LASALLE COUNTY

 

 

FINANCIAL AUDIT

 

For The Year Ended June 30, 2008

 

 

 

FY 2008

FY 2007

TOTAL REVENUES

$1,598,724

$1,950,172

Local Sources

$359,090

$661,321

% of Total Revenues

22.46%

33.91%

State Sources

$1,046,043

$1,154,689

% of Total Revenues

65.43%

59.21%

Federal Sources

$193,591

$134,162

% of Total Revenues

12.11%

6.88%

 

TOTAL EXPENDITURES

$1,541,313

$2,227,873

Salaries and Benefits

$988,431

$1,127,268

% of Total Expenditures

64.13%

50.60%

Purchased Services

$361,082

$553,242

% of Total Expenditures

23.43%

24.83%

All Other Expenditures

$191,800

$547,363

% of Total Expenditures

12.44%

24.57%

 

TOTAL NET ASSETS

$1,094,255

$1,036,844

 

INVESTMENT IN CAPITAL ASSETS

$1,392

$4,102

 

Percentages may not add due to rounding.

 

 

REGIONAL SUPERINTENDENT

During Audit Period:Honorable Richard Myers

Currently:Honorable Richard Myers