REPORT DIGEST

 

REGIONAL OFFICE OF EDUCATION #39

 

MACON AND PIATT COUNTIES

 

FINANCIAL AUDIT

(In Accordance with the
Single Audit Act and OMB Circular A-133)

 

For the Year Ended:

June 30, 2007

 

Summary of Findings:

 

Total this audit†††††††††††    †† 0

Total last audit†††††††††††††     2

Repeated from last audit   0

 

Release Date:

May 8, 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 are 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 #39ís financial statements as of June 30, 2007 are fairly presented in all material respects.

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:JB

 

 

SPECIAL ASSISTANT AUDITORS

 

††††††† Our special assistant auditors were West & Company, LLC.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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


 

 

REGIONAL OFFICE OF EDUCATION #39

MACON AND PIATT COUNTIES

 

 

FINANCIAL AUDIT

(In Accordance with the Single Audit Act and OMB Circular A-133)

For The Year Ended June 30, 2007

 

 

FY 2007

FY 2006

TOTAL REVENUES

$8,741,240

$8,785,653

Local Sources

$1,389,428

$1,321,243

% of Total Revenues

15.90%

15.04%

State Sources

$6,365,613

$5,814,844

% of Total Revenues

72.82%

66.19%

Federal Sources

$986,199

$1,649,566

% of Total Revenues

11.28%

18.78%

 

TOTAL EXPENDITURES

$8,498,348

$8,659,355

Salaries and Benefits

$6,672,965

$6,702,628

% of Total Expenditures

78.52%

77.40%

Purchased Services

$1,527,540

$1,574,652

% of Total Expenditures

17.97%

18.18%

All Other Expenditures

$297,843

$382,075

% of Total Expenditures

3.51%

4.41%

 

 

 

TOTAL NET ASSETS

$1,727,337

$1,484,445

 

 

 

INVESTMENT IN CAPITAL ASSETS

 

$91,085

 

$127,027

 

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

 

REGIONAL SUPERINTENDENT

During Audit Period:Honorable Richard Shelby

Currently:Honorable Richard Shelby