REPORT DIGEST

 

REGIONAL OFFICE OF EDUCATION #16

 

DEKALB COUNTY

 

FINANCIAL AUDIT

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

 

For the Year Ended:

June 30, 2004

 

Summary of Findings:

 

Total this audit                          1

Total last audit                          2

Repeated from last audit           0

 

Release Date:

June 7, 2005

 

 

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 is also available on

the worldwide web at

http://www.state.il.us/auditor

 

 

 

 

 

 

 

 

 

SYNOPSIS

 

·        The Regional Office of Education #16 did not publish or post required information about its Institute Fund.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

                                                                                   

REGIONAL OFFICE OF EDUCATION #16

DEKALB COUNTY

 

FINANCIAL AUDIT

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

For The Year Ended June 30, 2004

 

 

 

FY 2004

FY 2003

TOTAL REVENUES

$636,641

$357,295

Local Sources

$75,043

$117,277

% of Total Revenues

11.79%

32.82%

State Sources

$251,662

$240,018

% of Total Revenues

39.53%

67.18%

Federal Sources

$309,936

$0

% of Total Revenues

48.68%

0%

 

TOTAL EXPENDITURES

$653,904

$343,792

Salaries and Benefits

$250,605

$245,916

% of Total Expenditures

38.32%

71.53%

Purchased Services

$394,100

$39,087

% of Total Expenditures

60.27%

11.37%

All Other Expenditures

$9,199

$58,789

% of Total Expenditures

1.41%

17.10%

 

 

 

TOTAL NET ASSETS1

$88,547

$105,810

 

 

 

INVESTMENT IN CAPITAL ASSETS1

 

$02

 

$02

 

1         In fiscal year 2004, Regional Offices of Education implemented Government Accounting Standards Board (GASB) Statement No. 34 which established a new financial reporting model for state and local governments.  Government-wide financial statements are prepared using full accrual accounting that reports Total Net Assets.     Percentages may not add due to rounding.

 

2         Capital Assets of the Region were purchased using the governmental resources of the county and were not presented.

 

REGIONAL SUPERINTENDENT 

During Audit Period:  Gilbert E. Morrison

Currently: Honorable Gilbert E. Morrison

 

 

 

 

 

 

 

 

 


The Regional Office of Education #16 did not publish or post required information about its Institute Fund.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FINDINGS, CONCLUSIONS AND RECOMMENDATIONS

 

 

MANDATE COMPLIANCE

 

      The Illinois School Code (105 ILCS 5/3-12) states that on or before January 1 of each year, the Regional Superintendent shall publish in a newspaper of general circulation published in the region or post in each school building under his/her jurisdiction, certain information regarding the Office’s Institute Fund.  According to Regional Office management, they were unaware of the requirement and did not publish or post the required information.   (Finding 04-1, page 11)

  

     The Regional Office of Education #16 accepted the recommendation, responding that the Regional Superintendent will publish the condition of the Institute Fund in a newspaper of general circulation in the region.    

 

 

 

AUDITORS’ OPINION

 

      Our auditors state the Regional Office of Education #16’s financial statements as of June 30, 2004 are fairly presented in all material respects.

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

 

WGH:KJM:ro

 

SPECIAL ASSISTANT AUDITORS

 

        Our special assistant auditors were Clifton Gunderson, LLP.