REPORT DIGEST

 

REGIONAL OFFICE OF EDUCATION # 51

 

SANGAMON 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 10, 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 #51ís 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 Sikich Gardner & Co., LLP.

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

                    REGIONAL OFFICE OF EDUCATION # 51

                                  SANGAMON COUNTY

 

                FINANCIAL AUDIT 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

$2,447,378

$2,592,713

Local sources

$526,799

$429,480

% of Total Revenues

21.52%

16.56%

State Sources

$1,434,378

$1,732,163

% of Total Revenues

58.61%

66.81%

Federal Sources

$486,201

$431,070

% of Total Revenues

19.87%

16.63%

 

TOTAL EXPENDITURES

$2,285,332

$2,368,169

Salaries and Benefits

$1,637,185

$1,689,642

% of Total Expenditures

71.64%

71.35%

Purchased Services

$578,369

$523,156

% of Total Expenditures

25.31%

22.09%

All Other Expenditures

$69,778

$155,371

% of Total Expenditures

3.05%

6.56%

 

 

 

COST OF PROPERTY AND EQUIPMENT

$171,420

$159,584

 

* Percentages may not add due to rounding.

REGIONAL SUPERINTENDENT

During Audit Period: Honorable Helen Tolan

Currently: Honorable Helen Tolan