REPORT DIGEST

 

REGIONAL OFFICE OF EDUCATION #45

 

MONROE AND RANDOLPH COUNTIES

 

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†††††††††††           †† 1

Repeated from last audit          0

 

Release Date:

August 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 TTY 1-888-261-2887

 

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 #45ís financial statements as of June 30, 2003 are fairly presented in all material respects except the effects of any adjustments, if any, as might be necessary, associated with the fiscal year ended June 30, 1996 audit, which has not been finalized.

 

 

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

 

WGH:JRB

 

 

SPECIAL ASSISTANT AUDITORS

 

††††† Our special assistant auditors were J.W. Boyle & Co., LTD.

 

 

 

 

 

 

 

 

 

 

 

 

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

 


†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††

REGIONAL OFFICE OF EDUCATION #45

MONROE AND RANDOLPH COUNTIES

 

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

$1,625,274

$2,218,122

Local Sources

$322,135

$157,309

% of Total Revenues

19.82%

7.09%

State Sources

$929,862

$1,444,974

% of Total Revenues

57.21%

65.14%

Federal Sources

$373,277

$615,839

% of Total Revenues

22.97%

27.76%

 

TOTAL EXPENDITURES

$1,621,268

$2,106,941

Salaries and Benefits

$1,163,424

$1,376,015

% of Total Expenditures

71.76%

65.31%

Purchased Services

$299,367

$378,848

% of Total Expenditures

18.46%

17.98%

All Other Expenditures

$158,477

$352,078

% of Total Expenditures

9.77%

16.71%

 

 

 

COST OF PROPERTY AND EQUIPMENT

 

$352,584

 

$480,084

 

* Percentages may not add due to rounding.

 

 

REGIONAL SUPERINTENDENT

During Audit Period:Honorable Faye Hughes

Currently:Honorable Marc Kiehna