REPORT DIGEST

 

REGIONAL OFFICE OF EDUCATION #45

 

MONROE AND RANDOLPH COUNTIES

 

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:

March 5, 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 #45ís financial statements as of June 30, 2008 are fairly presented in all material respects.

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:JB

 

 

 

 

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 AUDIT

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

For The Year Ended June 30, 2008

 

 

 

FY 2008

FY 2007

TOTAL REVENUES

$1,504,727

$1,296,127

Local Sources

$372,788

$417,657

% of Total Revenues

24.77%

32.22%

State Sources

$856,174

$658,681

% of Total Revenues

56.90%

50.82%

Federal Sources

$275,765

$219,789

% of Total Revenues

18.33%

16.96%

 

TOTAL EXPENDITURES

$1,454,467

$1,292,013

Salaries and Benefits

$1,060,003

$958,233

% of Total Expenditures

72.88%

74.17%

Purchased Services

$243,979

$228,719

% of Total Expenditures

16.77%

17.70%

All Other Expenditures

$150,485

$105,061

% of Total Expenditures

10.35%

8.13%

 

TOTAL NET ASSETS

$810,598

$760,338

 

INVESTMENT IN CAPITAL ASSETS

$45,633

$47,128

 

Percentages may not add due to rounding.

 

 

REGIONAL SUPERINTENDENT

During Audit Period: Honorable Marc Kiehna

Currently: Honorable Marc Kiehna