REPORT DIGEST REGIONAL OFFICE OF EDUCATION # 54
VERMILION COUNTY
FINANCIAL AUDIT 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: 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 audit for the period ending June 30, 2003.
AUDITORS’ OPINION Our auditors state the Regional Office of Education #54’s financial statements as of June 30, 2003 are fairly presented in all material respects.
____________________________________ WILLIAM G. HOLLAND, Auditor General WGH:KJM:ro
SPECIAL ASSISTANT AUDITORS Our special assistant auditors were West & Company, LLC.
{Expenditures and Revenues are summarized on the reverse page.} |
REGIONAL OFFICE OF EDUCATION # 54
VERMILION COUNTY
FINANCIAL AUDIT
For The Year Ended June 30, 2003
FY 2003 |
FY 2002 |
|
TOTAL REVENUES |
$311,583 |
$303,807 |
Local sources |
$128,527 |
$132,185 |
% of Total Revenues |
41.25% |
43.51% |
State Sources |
$183,056 |
$171,622 |
% of Total Revenues |
58.75% |
56.49% |
Federal Sources |
$0 |
$0 |
% of Total Revenues |
0% |
0% |
|
||
TOTAL EXPENDITURES |
$328,430 |
$330,901 |
Salaries and Benefits |
$267,208 |
$252,436 |
% of Total Expenditures |
81.36% |
76.29% |
Purchased Services |
$12,017 |
$24,602 |
% of Total Expenditures |
3.66% |
7.43% |
All Other Expenditures |
$49,205 |
$53,863 |
% of Total Expenditures |
14.98% |
16.28% |
|
|
|
COST OF PROPERTY AND EQUIPMENT |
$62,757 |
$92,757 |
|
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* Percentages may not add due to rounding. |
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REGIONAL SUPERINTENDENT | ||
During Audit Period: Honorable Jim Trask Currently: Honorable Jim Trask |