REPORT DIGEST

REGIONAL OFFICE OF EDUCATION # 56

WILL 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 19, 2003

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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 # 56’s financial statements as of June 30, 2002 are fairly presented in all material respects.

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

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SPECIAL ASSISTANT AUDITORS

Our special assistant auditors were Clifton Gunderson LLP.

 

 

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

REGIONAL OFFICE OF EDUCATION # 56
WILL COUNTY
FINANCIAL AUDIT
For The Year Ended June 30, 2002

FY 2002

FY 2001
TOTAL REVENUES

1$5,375,291

$4,431,956

Local sources

$1,442,815

$1,165,474

% of Total Revenues

26.84%

26.30%

State Sources

1$3,692,843

$2,804,486

% of Total Revenues

68.70%

63.28%

Federal Sources

$239,633

$461,996

% of Total Revenues

4.46%

10.42%
TOTAL EXPENDITURES

1$5,306,577

$4,783,367

Salaries and Benefits

1$1,698,714

$1,008,219

% of Total Expenditures

32.01%

21.08%

Purchased Services

$1,629,057

$1,538,083

% of Total Expenditures

30.70%

32.15%

All Other Expenditures

$1,978,806

$2,237,065

% of Total Expenditures

37.29%

46.77%
COST OF PROPERTY AND EQUIPMENT

$391,917

$387,219

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 ($172,294). These on-behalf payments were not included in Fiscal Year 2001.
* Percentages may not add due to rounding.
REGIONAL SUPERINTENDENT
During Audit Period: Honorable Richard Duran
Currently: Honorable Richard Duran