REPORT DIGEST

REGIONAL OFFICE OF EDUCATION # 38
LOGAN/MASON/MENARD 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 16, 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 #38’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 Estes, Bridgewater & Ogden.

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

 

REGIONAL OFFICE OF EDUCATION # 38
LOGAN/MASON/MENARD COUNTIES
FINANCIAL AUDIT
For The Year Ended June 30, 2002

FY 2002

FY 2001
TOTAL REVENUES

1$702,682

$603,692

Local sources

$149,691

$130,181

% of Total Revenues

21.30%

21.56%

State Sources

1$546,150

$458,019

% of Total Revenues

77.72%

75.87%

Federal Sources

$6,841

$15,492

% of Total Revenues

.97%

2.57%
TOTAL EXPENDITURES

1$743,080

$543,435

Salaries and Benefits

1$641,459

$471,942

% of Total Expenditures

86.32%

86.84%

Purchased Services

$49,889

$48,780

% of Total Expenditures

6.71%

8.98%

All Other Expenditures

$51,732

$22,713

% of Total Expenditures

6.96%

4.18%
COST OF PROPERTY AND EQUIPMENT

$80,662

$ 25,440

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 ($164,870). These on-behalf payments were not included in Fiscal Year 2001.
* Percentages may not add due to rounding.
REGIONAL SUPERINTENDENT
During Audit Period: Honorable George Janet
Currently: Honorable George Janet