REPORT DIGEST

REGIONAL OFFICE OF EDUCATION # 54
VERMILION 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:
January 23, 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 #54’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 West & Company, LLC.

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

 

 


REGIONAL OFFICE OF EDUCATION # 54
VERMILION COUNTY
FINANCIAL AUDIT
For The Year Ended June 30, 2002

FY 2002

FY 2001
TOTAL REVENUES

1,2$303,807

$68,220

Local sources

2$132,185

$63,855

% of Total Revenues

43.51%

93.60%

State Sources

1$171,622

$4,365

% of Total Revenues

56.49%

6.40%

Federal Sources

$0

$0

% of Total Revenues

0%

0%
TOTAL EXPENDITURES

1,2$330,901

$92,299

Salaries and Benefits

1,2$252,436

$17,500

% of Total Expenditures

76.29%

18.96%

Purchased Services

$24,602

$26,003

% of Total Expenditures

7.43%

28.17%

All Other Expenditures

$53,863

$48,796

% of Total Expenditures

16.28%

52.87%
COST OF PROPERTY AND EQUIPMENT

$92,757

$92,757

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 ($166,061). These on-behalf payments were not included in Fiscal Year 2001.
2 Fiscal Year 2002 amounts include local on-behalf payments ($68,875). The local on-behalf payments were not included in Fiscal Year 2001.
* Percentages may not add due to rounding.
REGIONAL SUPERINTENDENT
During Audit Period: Honorable Jim Trask
Currently: Honorable Jim Trask