REPORT DIGEST REGIONAL OFFICE OF EDUCATION #45 MONROE AND RANDOLPH COUNTIES FINANCIAL AUDIT (In accordance with the Single Audit Act
and OMB Circular A-133) For the Year Ended: June 30, 2005 Summary of Findings: Total this audit 1 Total last audit 0 Repeated from last audit 0 Release Date:
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.state.il.us/auditor |
SYNOPSIS · The Regional Office of Education #45 did not examine at least once each year all books, accounts, and vouchers of every school treasurer in its educational service region.
{Expenditures and Revenues are
summarized on the reverse page.} |
(In Accordance
with the Single Audit Act and OMB Circular A-133)
|
FY 2005 |
FY 2004 |
TOTAL REVENUES |
$1,397,170 |
$1,441,683 |
Local Sources |
$348,643 |
$346,148 |
% of Total Revenues |
24.95% |
24.01% |
State Sources |
$692,514 |
$579,684 |
% of Total Revenues |
49.57% |
40.21% |
Federal Sources |
$356,013 |
$515,851 |
% of Total Revenues |
25.48% |
35.78% |
|
||
TOTAL EXPENDITURES |
$1,432,286 |
$1,496,223 |
Salaries and Benefits |
$1,070,177 |
$1,104,433 |
% of Total Expenditures |
74.72% |
73.81% |
Purchased Services |
$252,017 |
$251,665 |
% of Total Expenditures |
17.60% |
16.82% |
All Other Expenditures |
$110,092 |
$140,125 |
% of Total Expenditures |
7.69% |
9.37% |
|
|
|
TOTAL NET ASSETS |
$760,594 |
$795,710 |
|
|
|
INVESTMENT IN
CAPITAL ASSETS |
$104,296 |
$129,851 |
|
||
Percentages
may not add due to rounding. |
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REGIONAL
SUPERINTENDENT |
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During Audit Period: Honorable Marc Kiehna Currently: Honorable Marc Kiehna |
The Regional Office of Education #45 did
not examine at least once each year all books, accounts, and vouchers of
every school treasurer in its educational service region. |
FINDINGS, CONCLUSIONS AND RECOMMENDATIONS CONTROLS OVER COMPLIANCE WITH LAWS AND REGULATIONS The Illinois School Code (105 ILCS 5/3-14.11) requires the Regional Superintendent to examine at least once each year all books, accounts, and vouchers of every school treasurer in his educational service region, and if he finds any irregularities in them, to report them at once, as directed by the School Code.
The Regional Office did not examine at least once each year all books, accounts, and vouchers of every school treasurer in the educational service region. Regional Office officials noted they believe the mandate is outdated and that they are satisfying the intent of the statute by other reviews they undertake. This mandate has existed in its current form since at least 1953. (Finding 05-1, pages 12-13) The Regional Office accepted the recommendation, responding that it will seek a legislative solution to this and other obsolete passages.
AUDITORS’ OPINION
Our auditors state the Regional Office of Education #45’s financial statements as of June 30, 2005 are fairly presented in all material respects except the effects of any adjustments, if any, as might be necessary, associated with the fiscal year ended June 30, 1996 audit, which has not been finalized.
____________________________________
WILLIAM
G. HOLLAND, Auditor General WGH:JRB
SPECIAL ASSISTANT
AUDITORS
Our special assistant auditors
were J.W. Boyle Co., LTD. |
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