REPORT DIGEST

REGIONAL OFFICE OF EDUCATION # 26
HANCOCK AND MCDONOUGH COUNTIES

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:
Janurary 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 #26’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 Wade Stables P.C.

 

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

 

REGIONAL OFFICE OF EDUCATION # 26
HANCOCK AND MCDONOUGH COUNTIES
FINANCIAL AUDIT
For The Year Ended June 30, 2002

FY 2002

FY 2001
TOTAL REVENUES

1$2,439,207

$2,117,055

Local sources

$550,909

$468,135

% of Total Revenues

22.59%

22.11%

State Sources

1$1,699,846

$1,322,057

% of Total Revenues

69.69%

62.45%

Federal Sources

$188,452

$326,863

% of Total Revenues

7.73%

15.44%
TOTAL EXPENDITURES

1$2,387,095

$2,132,452

Salaries and Benefits

1$1,416,091

$1,240,066

% of Total Expenditures

59.32%

58.15%

Purchased Services

$816,977

$725,722

% of Total Expenditures

34.22%

34.03%

All Other Expenditures

$154,027

$166,664

% of Total Expenditures

6.45%

7.82%
COST OF PROPERTY AND EQUIPMENT

$149,905

$191,637

Note: Fiscal Year 2001 data was obtained from audits of ROEs conducted under the  direction of the Illinois State Board of Education.
1Fiscal Year 2002 amounts include on-behalf payments ($166,035). These on-behalf payments were not included in Fiscal Year 2001.
* Percentages may not add due to rounding.
REGIONAL SUPERINTENDENT
During Audit Period: Honorable Robert Baumann
Currently: Honorable Robert Baumann