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.

 

AUDITORSí OPINION

Our auditors state the Regional Office of Education #54ís 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

 

* Percentages may not add due to rounding.

REGIONAL SUPERINTENDENT

During Audit Period: Honorable Jim Trask

Currently: Honorable Jim Trask