|
REPORT DIGEST REGIONAL OFFICE OF EDUCATION #39 FINANCIAL AUDIT (In Accordance with the For the Year Ended: June 30, 2007 Summary of Findings: Total this audit 0 Total last audit 2 Repeated from last audit 0 Release Date: May 8, 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 are 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 #39’s financial statements as of June 30, 2007
are fairly presented in all material respects. _____________________________________ WILLIAM
G. HOLLAND, Auditor General WGH:JB SPECIAL ASSISTANT AUDITORS Our special assistant
auditors were West & Company, LLC.
{Expenditures and Revenues are summarized on the reverse page.} |
REGIONAL
OFFICE OF EDUCATION #39
FINANCIAL AUDIT
For
The Year Ended June 30, 2007
|
|
FY 2007 |
FY 2006 |
TOTAL REVENUES |
$8,741,240 |
$8,785,653 |
|
Local Sources |
$1,389,428 |
$1,321,243 |
|
% of Total Revenues |
15.90% |
15.04% |
|
State Sources |
$6,365,613 |
$5,814,844 |
|
% of Total Revenues |
72.82% |
66.19% |
|
Federal Sources |
$986,199 |
$1,649,566 |
|
% of Total Revenues |
11.28% |
18.78% |
|
|
||
|
TOTAL EXPENDITURES |
$8,498,348 |
$8,659,355 |
|
Salaries and Benefits |
$6,672,965 |
$6,702,628 |
|
% of Total Expenditures |
78.52% |
77.40% |
|
Purchased Services |
$1,527,540 |
$1,574,652 |
|
% of Total Expenditures |
17.97% |
18.18% |
|
All Other Expenditures |
$297,843 |
$382,075 |
|
% of Total Expenditures |
3.51% |
4.41% |
|
|
|
|
|
TOTAL NET ASSETS |
$1,727,337 |
$1,484,445 |
|
|
|
|
|
INVESTMENT IN CAPITAL
ASSETS |
$91,085 |
$127,027 |
|
|
||
|
Percentages may not add due to
rounding. |
||
|
REGIONAL
SUPERINTENDENT |
|
During Audit Period: Honorable Richard Shelby Currently: Honorable Richard Shelby |