| REPORT DIGEST REGIONAL OFFICE OF EDUCATION #20 EDWARDS/GALLATIN/ HARDIN/POPE/SALINE/
  WABASH/WAYNE/WHITE COUNTIES FINANCIAL AUDIT (In Accordance with the Single Audit Act and OMB Circular A-133) For the Year Ended: June 30, 2008 Summary of Findings: Total this audit 0 Total last audit 2 Repeated from last audit 0 Release Date: June 4, 2009 
 
 State of 
   Office of the Auditor General WILLIAM G. HOLLAND AUDITOR GENERAL To obtain a copy of the
  Report contact: Office of the Auditor
  General 
   (217) 782-6046 or TTY (888)
  261-2887 This Report Digest and Full
  Report are also available on the worldwide web at |  | INTRODUCTION Our report covers the financial audit, in accordance with the Single Audit Act and OMB Circular A-133, for the period ending June 30, 2008. AUDITORS’ OPINION Our auditors state the Regional Office of Education #20’s financial statements as of June 30, 2008 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 #20
FINANCIAL AUDIT
For The Year Ended June
30, 2008
|  | FY 2008 | FY 2007 | 
| TOTAL REVENUES | $2,653,187 | $2,712,910 | 
| Local Sources | $464,953 | $483,930 | 
| % of Total Revenues | 17.52% | 17.84% | 
| State Sources | $1,717,486 | $1,554,666 | 
| % of Total Revenues | 64.73% | 57.31% | 
| Federal Sources | $470,748 | $674,314 | 
| % of Total Revenues | 17.74% | 24.86% | 
|  | ||
| TOTAL EXPENDITURES | $2,710,446 | $2,730,184 | 
| Salaries and Benefits | $1,883,613 | $1,760,488 | 
| % of Total Expenditures | 69.49% | 64.48% | 
| Purchased Services | $608,882 | $794,890 | 
| % of Total Expenditures | 22.46% | 29.12% | 
| All Other Expenditures | $217,951 | $174,806 | 
| % of Total Expenditures | 8.04% | 6.40% | 
|  | ||
| TOTAL NET ASSETS | $463,107 | $520,365 | 
|  | ||
| INVESTMENT IN
  CAPITAL ASSETS | $74,159 | $62,604 | 
| Percentages
  may not add due to rounding. | ||
| REGIONAL
  SUPERINTENDENT   | 
| During Audit Period: 
  Honorable  Currently: 
  Honorable  |