REPORT DIGEST

REGIONAL OFFICE OF EDUCATION # 55

WHITESIDE COUNTY

FINANCIAL AUDIT

For the Year Ended:
June 30, 2002

Summary of Findings:

Total this audit 0
Total last audit 0
Repeated from last audit 0

Release Date:
February 6, 2003

logo.jpg (8630 bytes)

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
Attn: Records Manager
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, 2002.

 

AUDITORS’ OPINION

Our auditors state the Regional Office of Education # 55’s financial statements as of June 30, 2002 are fairly presented in all material respects.

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:KJM:ro

SPECIAL ASSISTANT AUDITORS

Our special assistant auditors were Lindgren, Callihan, Van Osdol & Co., Ltd.

 

{Expenditures and Activity Measures are summarized on the reverse page.}

 

REGIONAL OFFICE OF EDUCATION # 55
WHITESIDE COUNTY
FINANCIAL AUDIT
For The Year Ended June 30, 2002

FY 2002

FY 2001
TOTAL REVENUES

1$1,585,111

$1,178,338

Local sources

$188,305

$210,002

% of Total Revenues

11.88%

17.82%

State Sources

1$1,226,673

$799,189

% of Total Revenues

77.39%

67.82%

Federal Sources

$170,133

$169,147

% of Total Revenues

10.73%

14.35%
TOTAL EXPENDITURES

1$1,527,595

$1,107,247

Salaries and Benefits

1$905,756

$643,010

% of Total Expenditures

59.29%

58.07%

Purchased Services

$384,714

$220,519

% of Total Expenditures

25.18%

19.92%

All Other Expenditures

$237,125

$243,718

% of Total Expenditures

15.52%

22.01%
COST OF PROPERTY AND EQUIPMENT

$535,316

$356,359

Note: Fiscal Year 2001 data was obtained from audits of ROEs conducted under the direction of the Illinois State Board of Education.
1 Fiscal Year 2002 amounts include on-behalf payments ($164,863). These on-behalf payments were not included in Fiscal Year 2001.
* Percentages may not add due to rounding.
REGIONAL SUPERINTENDENT
During Audit Period: Honorable Gary Steinert
Currently: Honorable Gary Steinert