REPORT DIGEST

 

REGIONAL OFFICE OF EDUCATION # 53

 

TAZEWELL 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 0

Repeated from last audit 0

 

Release Date:

January 28, 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 #53ís financial statements as of June 30, 2003 are fairly presented in all material respects.

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:JRB:ro

 

SPECIAL ASSISTANT AUDITORS

Our special assistant auditors were Ginoli & Company LTD.

 

 

 

 

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

 

 

                     REGIONAL OFFICE OF EDUCATION # 53

                                     TAZEWELL COUNTY

                       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

$1,051,483

$1,065,596

Local sources

$142,055

$143,421

% of Total Revenues

13.51%

13.46%

State Sources

$883,111

$912,280

% of Total Revenues

83.99%

85.61%

Federal Sources

$26,317

$9,895

% of Total Revenues

2.50%

.93%

 

TOTAL EXPENDITURES

$1,081,837

$981,921

Salaries and Benefits

$704,451

$588,359

% of Total Expenditures

65.12%

59.92%

Purchased Services

$284,407

$275,869

% of Total Expenditures

26.29%

28.09%

All Other Expenditures

$92,979

$117,693

% of Total Expenditures

8.59%

11.99%

     

COST OF PROPERTY AND EQUIPMENT

$333,760

$308,597

 

* Percentages may not add due to rounding.

REGIONAL SUPERINTENDENT

During Audit Period: Honorable Thomas Wojtas

Currently: Honorable Robin Houchin