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 |
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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 |