REPORT DIGEST

REGIONAL OFFICE OF EDUCATION # 28

BUREAU, STARK AND HENRY COUNTIES

FINANCIAL AUDIT

For the Year Ended:
June 30, 2002

Summary of Findings:

Total this audit 0
Total last audit 0
Repeated from last audit 0

Release Date:
January 30, 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

 

 

INTRODUCTION

Our report covers the financial audit for the period ending June 30, 2002.

 

AUDITORS’ OPINION

Our auditors state the Regional Office of Education # 28’s financial statements as of June 30, 2002 are fairly presented in all material respects.

 

 

 

_____________________________________

WILLIAM G. HOLLAND, Auditor General

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SPECIAL ASSISTANT AUDITORS

Our special assistant auditors were Ginoli & Company LTD.

 

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

 

REGIONAL OFFICE OF EDUCATION # 28
BUREAU, STARK AND HENRY COUNTIES
FINANCIAL AUDIT
For The Year Ended June 30, 2002

FY 2002

FY 2001
TOTAL REVENUES

1$1,739,634

$1,269,083

Local sources

$297,959

$341,004

% of Total Revenues

17.13%

26.87%

State Sources

1$1,158,629

$616,236

% of Total Revenues

66.60%

48.56%

Federal Sources

$283,046

$311,843

% of Total Revenues

16.27%

24.57%
TOTAL EXPENDITURES

1$1,789,943

$1,270,682

Salaries and Benefits

1$166,063

$0

% of Total Expenditures

9.28%

0%

Purchased Services

$378,412

$295,342

% of Total Expenditures

21.14%

23.24%

All Other Expenditures

$1,245,468

$975,340

% of Total Expenditures

69.58%

76.76%
COST OF PROPERTY AND EQUIPMENT

$275,070

$231,852

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 ($166,063). 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 Dennison
Currently: Honorable Bruce Dennison