REPORT DIGEST REGIONAL OFFICE OF EDUCATION # 8 CARROLL, JO DAVIESS AND STEPHENSON COUNTIES FINANCIAL AUDIT For the Year Ended: Summary of Findings: Total this audit 1 Release Date: State of Illinois To obtain a copy of the Report contact: (217)782-6046 or TDD (217) 524-4646 |
SYNOPSIS
{Expenditures and Activity Measures are summarized on the reverse page.} |
REGIONAL OFFICE OF EDUCATION
# 8
CARROL, JO DAVIESS AND STEPHENSON COUNTIES
FINANCIAL AUDIT
For The Year Ended June 30, 2002
FY 2002 |
FY 2001 |
|
TOTAL REVENUES | 1 $3,901,664 |
$3,555,050 |
Local sources |
$1,781,480 |
$1,671,097 |
% of Total Revenues |
45.66% |
47.01% |
State Sources |
1 $2,048,615 |
$1,539,829 |
% of Total Revenues |
52.51% |
43.31% |
Federal Sources |
$71,569 |
$344,124 |
% of Total Revenues |
1.83% |
9.68% |
TOTAL EXPENDITURES | 1 $4,031,964 |
$3,635,675 |
Salaries and Benefits |
1 $2,523,854 |
$2,176,511 |
% of Total Expenditures |
62.60% |
59.87% |
Purchased Services |
$859,685 |
$874,368 |
% of Total Expenditures |
21.32% |
24.05% |
All Other Expenditures |
$648,425 |
$584,796 |
% of Total Expenditures |
16.08% |
16.08% |
COST OF PROPERTY AND EQUIPMENT | $223,120 |
$ 210,788 |
Note: Fiscal Year 2001 data
was obtained from audits of ROEs conducted under the direction of the Illinois State Board
of Education. |
REGIONAL SUPERINTENDENT |
During Audit Period: Honorable John Lang Currently: Honorable John Lang |
The Regional Office of Education # 8 did not have proper internal controls in place for the accounting and financial duties. |
FINDINGS, CONCLUSIONS AND RECOMMENDATIONS LACK OF SEGREGATION OF DUTIES IN THE ACCOUNTING FUNCTION The Regional Office of Education # 8 does not have proper internal controls in place for the accounting and financial duties. The Regional Office of Education # 8 has a limited number of administrative staff. As a result, all of those aspects of internal control which rely on an adequate segregation of duties are missing in Regional Office of Education # 8. The Regional Superintendent of Schools is responsible for establishing and maintaining an internal control system to prevent errors and irregularities. (Finding 02-1, page 9) The Regional Office of Education # 8 accepted the recommendation to maintain additional controls to counteract this condition, but noted that an adequate segregation of duties problem will remain, due to the limited number of staff. AUDITORS OPINION Our auditors state the Regional Office of Education # 8s financial statements as of June 30, 2002 are fairly stated in all material respects.
_____________________________________ WILLIAM G. HOLLAND, Auditor General WGH:KJM:ro SPECIAL ASSISTANT AUDITORS Our special assistant auditors were Clifton Gunderson LLP. |