REPORT DIGEST

REGIONAL OFFICE OF EDUCATION # 27

HENDERSON, MERCER AND WARREN COUNTIES

FINANCIAL AUDIT

For the Year Ended:
June 30, 2002

Summary of Findings:

Total this audit 1
Total last audit 1
Repeated from last audit 1

Release Date:
March 11, 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

 

 

 

 

 

 

 

 

 

 

SYNOPSIS

 

 

  • The Regional Office of Education # 27 does not have proper segregation of duties. One person has the primary responsibility for most of the accounting and financial duties.

 

 

 

 

 

 

 

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

REGIONAL OFFICE OF EDUCATION # 27
HENDERSON, MERCER AND WARREN COUNTIES
FINANCIAL AUDIT
For The Year Ended June 30, 2002

FY 2002

FY 2001

TOTAL REVENUES

1$952,131

$711,233

Local sources

$281,023

$148,260

% of Total Revenues

29.52%

20.85%

State Sources

1$458,662

$448,129

% of Total Revenues

48.17%

63.01%

Federal Sources

$212,446

$114,844

% of Total Revenues

22.31%

16.15%

TOTAL EXPENDITURES

1$869,541

$659,181

Salaries and Benefits

1$545,536

$407,541

% of Total Expenditures

62.74%

61.83%

Purchased Services

$258,497

$165,085

% of Total Expenditures

29.73%

25.04%

All Other Expenditures

$65,508

$86,555

% of Total Expenditures

7.53%

13.13%

COST OF PROPERTY AND EQUIPMENT

$48,168

$48,168

Note: Fiscal Year 2001 data was obtained from audits of ROEs conducted under the direction of the Illinois State Board of Education.
1 Fiscal Year 2002 amounts include on-behalf payments ($156,447). These on-behalf payments were not included in Fiscal Year 2001.
* Percentages may not add due to rounding.

REGIONAL SUPERINTENDENT
During Audit Period: Honorable Bruce Hall
Currently: Honorable Bruce Hall
 

 

 

 

The Regional Office of Education # 27 does not have proper segregation of duties in its accounting function.

FINDINGS, CONCLUSIONS AND RECOMMENDATIONS

SEGREGATION OF DUTIES IN THE ACCOUNTING FUNCTION

The Regional Office of Education # 27 does not have proper segregation of duties. One person has the primary responsibility for most of the accounting and financial duties.

The Regional Superintendent of Schools is responsible for establishing and maintaining an internal control system to prevent errors and irregularities. (Finding 02-1, page 9)

The Regional Office of Education # 27 accepted the recommendation to implement additional controls to counteract this condition, but noted that an adequate segregation of duties problem will remain, due to the limited number of staff.

AUDITORS’ OPINION

Our auditors state the Regional Office of Education # 27’s financial statements as of June 30, 2002 are fairly presented in all material respects.

 

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WILLIAM G. HOLLAND, Auditor General

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SPECIAL ASSISTANT AUDITORS

Our special assistant auditors were Clifton Gunderson LLP.