REPORT DIGEST REGIONAL OFFICE OF EDUCATION #35 FINANCIAL AUDIT For the Year Ended: June 30, 2007 Summary of Findings: Total this audit 0 Total last audit 1 Repeated from last audit 0 Release Date: June 24, 2008
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 is also available on the worldwide web at: http://www.auditor.illinois.gov |
INTRODUCTION Our
report covers the financial audit for the period ending June 30, 2007. AUDITORS’
OPINION Our auditors state the Regional Office of Education #35’s financial statements as of June 30, 2007 are fairly presented in all material respects. _____________________________________ WILLIAM
G. HOLLAND, Auditor General WGH:JRB SPECIAL ASSISTANT
AUDITORS Our special assistant auditors were E.C. Ortiz & Co., LLP. {Expenditures and Revenues are summarized on the reverse page.} |
|
FY 2007 |
FY 2006 |
TOTAL REVENUES |
$1,950,172 |
$1,906,400 |
Local Sources |
$661,321 |
$590,307 |
% of Total Revenues |
33.91% |
30.96% |
State Sources |
$1,154,689 |
$1,181,579 |
% of Total Revenues |
59.21% |
61.98% |
Federal Sources |
$134,162 |
$134,514 |
% of Total Revenues |
6.88% |
7.06% |
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TOTAL EXPENDITURES |
$2,227,873 |
$2,113,806 |
Salaries and Benefits |
$1,127,268 |
$1,187,821 |
% of Total Expenditures |
50.60% |
56.19% |
Purchased Services |
$553,242 |
$649,120 |
% of Total Expenditures |
24.83% |
30.71% |
All Other Expenditures |
$547,363 |
$276,865 |
% of Total Expenditures |
24.57% |
13.10% |
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|
|
TOTAL NET ASSETS |
$1,036,844 |
$1,314,545 |
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|
|
INVESTMENT IN
CAPITAL ASSETS |
$4,102 |
$6,706 |
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Percentages may not add due to
rounding. |
REGIONAL
SUPERINTENDENT |
During Audit Period: Honorable William Novotney Currently: Honorable Richard Myers |