REPORT DIGEST

 

REGIONAL OFFICE OF EDUCATION #44

 

McHENRY COUNTY

 

FINANCIAL AND COMPLIANCE AUDIT

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

For the Year Ended:

June 30, 2003

 

Summary of Findings:

 

Total this audit                      0

Total last audit                      2

Repeated from last audit       0

 

Release Date:

February 24, 2004

 

 

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 TDD (217) 524-4646

 

This Report Digest is also available on

the worldwide web at

http://www.state.il.us/auditor

 

 

INTRODUCTION

Our report covers the financial and compliance audit, in accordance with the Single Audit Act and OMB Circular A-133, for the period ending June 30, 2003.

 

 

AUDITORSí OPINION

Our auditors state the Regional Office of Education #44ís financial statements as of June 30, 2003 are fairly presented in all material respects.

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:JRB

 

SPECIAL ASSISTANT AUDITORS

Our special assistant auditors were Lindgren, Callihan, Van Osdol & Co., Ltd.

 

 

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

 

               REGIONAL OFFICE OF EDUCATION #44

                               McHENRY COUNTY

 

                FINANCIAL AND COMPLIANCE AUDIT

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

                       For The Year Ended June 30, 2003

 

FY 2003

FY 2002

TOTAL REVENUES

$443,686

$576,548

Local Sources

$108,232

$145,105

% of Total Revenues

24.39%

25.17%

State Sources

$222,382

$202,131

% of Total Revenues

50.12%

35.06%

Federal Sources

$113,072

$229,312

% of Total Revenues

25.48%

39.77%

 

TOTAL EXPENDITURES

$446,408

$582,543

Salaries and Benefits

$218,521

$254,842

% of Total Expenditures

48.95%

43.75%

Purchased Services

$141,063

$170,308

% of Total Expenditures

31.60%

29.24%

All Other Expenditures

$86,824

$157,393

% of Total Expenditures

19.45%

27.02%

     

COST OF PROPERTY AND EQUIPMENT

$21,026

$ 21,026

 

* Percentages may not add due to rounding.

REGIONAL SUPERINTENDENT

During Audit Period: Honorable Donald Englert

Currently: Honorable Donald Englert