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   REPORT DIGEST REGIONAL OFFICE OF EDUCATION #50 ST. CLAIR COUNTY FINANCIAL AUDIT (In accordance with the  For the Year Ended: Summary of Findings: Total this audit 0 Total last audit 0 Repeated from last audit 0 Rele February 11, 2010 
 
 State of Il Office of the Auditor General WILLIAM G. HOLLAND AUDITOR GENERAL 
 
 
 To obtain a copy of the
  Report contact: Office of the Auditor
  General (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  AUDITORS’ OPINION          Our auditors state the Regional
  Office of Education #50’s financial statements as of  _____________________________________ 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.}  | 
 
(In accordance with the
Single Audit Act and OMB Circular A-133)
For The Year Ended 
| 
   | 
  
  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  |