REPORT DIGEST

REPORT DIGEST

REGIONAL OFFICE OF EDUCATION #20

EDWARDS/GALLATIN/ HARDIN/POPE/SALINE/ WABASH/WAYNE/WHITE COUNTIES

FINANCIAL AND COMPLIANCE AUDIT

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

For the Year Ended:

June 30, 2003

Summary of Findings:

Total this audit 0

Total last audit 0

Repeated from last audit 0

Release Date:

February 18, 2004

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 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 and compliance audit, in accordance with the Single Audit Act and OMB Circular A-133, for the period ending June 30, 2003.

AUDITORS’ OPINION

Our auditors state the Regional Office of Education #20’s financial statements as of June 30, 2003 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.}

	FY 2003	FY 2002
TOTAL REVENUES	$2,720,993	$2,958,913
Local sources	$500,061	$440,472
% of Total Revenues	18.38%	14.89%
State Sources	$1,043,980	$1,503,384
% of Total Revenues	38.37%	50.81%
Federal Sources	$1,176,952	$1,015,057
% of Total Revenues	43.25%	34.30%

TOTAL EXPENDITURES	$2,712,804	$2,928,973
Salaries and Benefits	$1,663,439	$1,801,987
% of Total Expenditures	61.32%	61.52%
Purchased Services	$793,041	$607,518
% of Total Expenditures	29.23%	20.74%
All Other Expenditures	$256,324	$519,468
% of Total Expenditures	9.45%	17.74%

COST OF PROPERTY AND EQUIPMENT	$419,880	$423,757

* Percentages may not add due to rounding.