REPORT DIGEST

 

REGIONAL OFFICE OF EDUCATION #50

 

ST. CLAIR COUNTY

 

FINANCIAL AUDIT

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

 

For the Year Ended:

June 30, 2009

 

Summary of Findings:

 

Total this audit†††††††††            †††† 0

Total last audit†††††††††††            †† 0

Repeated from last audit†††††††††† 0

 

Release Date:

February 11, 2010

 

 

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 Final 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, 2009.

 

 

 

 

AUDITORSí OPINION

 

†††††††† Our auditors state the Regional Office of Education #50ís financial statements as of June 30, 2009 are fairly presented in all material respects.

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

 

WGH:JRB

 

 

 

 

SPECIAL ASSISTANT AUDITORS

 

†††††††† Our special assistant auditors were Kemper CPA Group, LLP.

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

REGIONAL OFFICE OF EDUCATION #50

ST. CLAIR COUNTY

 

 

FINANCIAL AUDIT

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

For The Year Ended June 30, 2009

 

 

 

FY 2009

FY 2008

TOTAL REVENUES

$7,497,188

$6,916,205

Local Sources

$783,861

$806,485

% of Total Revenues

10.46%

11.66%

State Sources

$3,319,869

$3,416,438

% of Total Revenues

44.28%

49.40%

Federal Sources

$3,393,458

$2,693,282

% of Total Revenues

45.26%

38.94%

 

TOTAL EXPENDITURES

$7,496,679

$6,870,700

Salaries and Benefits

$4,127,032

$3,980,867

% of Total Expenditures

55.05%

57.94%

Purchased Services

$2,260,849

$1,973,002

% of Total Expenditures

30.16%

28.72%

All Other Expenditures

$1,108,798

$916,831

% of Total Expenditures

14.79%

13.34%

 

TOTAL NET ASSETS

$1,831,360

$1,830,805

 

INVESTMENT IN CAPITAL ASSETS

$227,599

$192,440

 

Percentages may not add due to rounding.

 

 

REGIONAL SUPERINTENDENT

During Audit Period:Honorable Brad J. Harriman

Currently:Honorable Brad J. Harriman