REPORT DIGEST REGIONAL OFFICE OF EDUCATION #8 CARROLL, JO DAVIESS, AND STEPHENSON
COUNTIES FINANCIAL AUDIT (In Accordance with the For the Year Ended: June 30, 2005 Summary of Findings: Total this audit 2 Total last audit 1 Repeated from last audit 0 Release Date: March 9, 2006
State of Illinois Office of the Auditor General WILLIAM G. HOLLAND AUDITOR GENERAL
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SYNOPSIS
·
On the Title I – Reading First Part B SEA Funds
program expenditure report submitted to ISBE, Regional Office of Education #8
included, as expenses, $3,135 that should have been included as outstanding
obligations. · The Regional Office of Education #8 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.} |
REGIONAL
OFFICE OF EDUCATION #8
FINANCIAL AUDIT
For
The Year Ended June 30, 2005
|
FY 2005 |
FY 2004 |
TOTAL REVENUES |
$3,468,218 |
$3,066,797 |
Local Sources |
$837,842 |
$679,882 |
% of Total Revenues |
24.16% |
22.17% |
State Sources |
$1,615,339 |
$1,702,836 |
% of Total Revenues |
46.58% |
55.52% |
Federal Sources |
$1,015,037 |
$684,079 |
% of Total Revenues |
29.27% |
22.31% |
|
||
TOTAL EXPENDITURES |
$3,487,736 |
$3,092,159 |
Salaries and Benefits |
$1,374,516 |
$1,135,092 |
% of Total Expenditures |
39.41% |
36.71% |
Purchased Services |
$998,464 |
$928,393 |
% of Total Expenditures |
28.63% |
30.02% |
All Other Expenditures |
$1,114,756 |
$1,028,674 |
% of Total Expenditures |
31.96% |
33.27% |
|
|
|
TOTAL NET ASSETS |
$151,267 |
$197,382 |
|
|
|
INVESTMENT IN
CAPITAL ASSETS |
$27,210 |
$33,275 |
|
||
|
REGIONAL
SUPERINTENDENT |
During Audit Period: Honorable John B. Lang (6/1/04 – 6/27/05) Honorable Marie Stiefel (6/28/05 – 6/30/05) Currently: Honorable Marie Stiefel |
On the Title I –
Reading First Part B SEA Funds program expenditure report submitted to ISBE,
Regional Office of Education #8 included, as expenses, $3,135 that should have
been included as outstanding obligations.
The Regional Office of Education #8 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 INACCURATE
EXPENDITURE REPORT
The Title I – Reading First Part B SEA Funds program expenditure report submitted to State Board of Education included, as expenses, $3,135 that should have been included as outstanding obligations. The Regional Office included July expenses in the June 30 expenditure report. Amounts submitted on grant expenditure reports to the Illinois State Board of Education (ISBE) should be in agreement with the general ledger. (Finding 05-1, page 11) The Regional Office accepted the finding and stated it will include only expenses that have already been paid in the expenditure reports submitted to ISBE.
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 05-2, pages 12-13)
The
Regional Office accepted the recommendation and responded that it will seek a
legislative solution to this and other obsolete passages.
AUDITORS’ OPINION Our auditors state the Regional Office of Education
#8’s financial statements as of June 30, 2005 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. |