REPORT DIGEST REGIONAL OFFICE OF EDUCATION # 34 LAKE COUNTY FINANCIAL AUDIT For the Year Ended: Summary of Findings: Total this audit 1 Release Date: State of Illinois To obtain a copy of the Report contact: (217)782-6046 or TDD (217) 524-4646 |
SYNOPSIS
{Expenditures and Activity Measures are summarized on the reverse page.} |
REGIONAL OFFICE OF EDUCATION
# 34
LAKE COUNTY
FINANCIAL AUDIT
For The Year Ended June 30, 2002
FY 2002 |
FY 2001 |
|
TOTAL REVENUES | 1 $5,409,476 |
$6,255,105 |
Local sources |
$1,394,043 |
$1,724,365 |
% of Total Revenues |
25.77% |
27.57% |
State Sources |
1 $4,007,567 |
$4,423,671 |
% of Total Revenues |
74.08% |
70.72% |
Federal Sources |
$7,866 |
$107,069 |
% of Total Revenues |
.15% |
1.71% |
TOTAL EXPENDITURES | 1 $5,338,937 |
$6,009,848 |
Salaries and Benefits |
1 $3,017,031 |
$2,873,162 |
% of Total Expenditures |
56.51% |
47.81% |
Purchased Services |
$811,849 |
$955,529 |
% of Total Expenditures |
15.21% |
15.90% |
All Other Expenditures |
$1,510,057 |
$2,181,157 |
% of Total Expenditures |
28.28% |
36.29% |
COST OF PROPERTY AND EQUIPMENT | $798,715 |
$ 667,638 |
Note: Fiscal Year 2001 data
was obtained from audits of ROEs conducted under the direction of the Illinois State Board
of Education. |
REGIONAL SUPERINTENDENT |
During Audit Period: Honorable Edward Gonwa Currently: Honorable Edward Gonwa |
The Regional Office of Education #34 has unspent money from various grants sitting in its Education Service Center (ESC) 95 Fund.
|
FINDINGS, CONCLUSIONS AND RECOMMENDATIONS FUNDS DUE TO ISBE The Regional Office of Education #34 has $75,910 from various expired grants sitting in its Education Service Center (ESC) 95 Fund. The Illinois Grant Funds Recovery Act states that grant funds must be expended for grant purposes within the grant period or be returned to the grantor. The $75,910 has not been returned to Illinois State Board of Education (Finding 02-1, page 7). The Regional Office of Education #34s personnel accepted the auditors recommendation. Management will try to produce the supporting documentation on the unused grant money and will return the unused grant money to ISBE. If it is impossible to produce the supporting documentation, due to the length of time passed, management will contact ISBE for further direction to resolve this matter. AUDITORS OPINION Our auditors state the Regional Office of Education #34s financial statements as of June 30, 2002 are fairly presented in all material respects. _____________________________________ WILLIAM G. HOLLAND, Auditor General WGH:JRB:ro SPECIAL ASSISTANT AUDITORS Our special assistant auditors were Clifton Gunderson LLP. |