REPORT DIGEST

 

REGIONAL OFFICE OF EDUCATION #12

 

CLAY/CRAWFORD/ JASPER/LAWRENCE/ RICHLAND COUNTIES

 

FINANCIAL AUDIT

(In accordance with the
Single Audit Act and OMB Circular A-133)

 

For the Year Ended:

June 30, 2007

 

Summary of Findings:

 

Total this audit                  0

Total last audit                  1

Repeated from last audit   0

 

Release Date:

May 1, 2008

 

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 TTY (888) 261-2887

 

This Report Digest and Full Report

are also available on

the worldwide web at

http://www.auditor.illinois.gov

 

 

 

 

INTRODUCTION

 

         Our report covers the financial audit for the period ending June 30, 2007.

 

 

 

 

AUDITORS’ OPINION

 

         Our auditors state the Regional Office of Education #12’s financial statements as of June 30, 2007 are fairly presented in all material respects.

 

 

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

 

 

WGH:JRB

 

 

SPECIAL ASSISTANT AUDITORS

 

Our special assistant auditors were West & Company, LLC.

 

 

 

 

 

 

 

 

        {Expenditures and Revenues are summarized on the reverse page.}

                                                                                   

REGIONAL OFFICE OF EDUCATION #12

 CLAY/CRAWFORD/JASPER/LAWRENCE/RICHLAND COUNTIES

 

FINANCIAL AUDIT

(In Accordance with the Single Audit Act and OMB Circular A-133)

For The Year Ended June 30, 2007

 

 

FY 2007

FY 2006

TOTAL REVENUES

$3,117,104

$2,691,901

Local Sources

$538,962

$552,253

% of Total Revenues

17.29%

20.52%

State Sources

$2,074,065

$1,588,946

% of Total Revenues

66.54%

59.03%

Federal Sources

$504,077

$550,702

% of Total Revenues

16.17%

20.46%

 

TOTAL EXPENDITURES

$3,147,150

$2,924,437

Salaries and Benefits

$1,863,919

$1,712,368

% of Total Expenditures

59.23%

58.55%

Purchased Services

$908,341

$879,147

% of Total Expenditures

28.86%

30.06%

All Other Expenditures

$374,890

$332,922

% of Total Expenditures

11.91%

11.38%

 

 

 

TOTAL NET ASSETS

$781,402

$811,448

 

 

 

INVESTMENT IN CAPITAL ASSETS

 

$72,368

 

$95,957

 

     Percentages may not add due to rounding.

 

REGIONAL SUPERINTENDENT 

During Audit Period:  Honorable Carol Steinman

Currently:  Honorable Carol Steinman