REPORT DIGEST REGIONAL OFFICE OF EDUCATION #39 FINANCIAL AUDIT (In Accordance with the
Single Audit Act
and OMB Circular A-133) For the Year Ended: June 30, 2009 Summary of Findings: Total this audit 0 Total last audit 0 Repeated from last audit 0 Release Date: February 4, 2010
State of Office of the Auditor General WILLIAM G. HOLLAND AUDITOR GENERAL
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Report contact: Office of the Auditor
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INTRODUCTION Our
report covers the financial audit for the period ending June 30, 2009. AUDITORS’ OPINION Our auditors state the Regional Office of Education #39’s financial statements as of June 30, 2009 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, 2009
|
FY 2009
|
FY 2008
|
TOTAL REVENUES |
$8,224,356 |
$8,761,270 |
Local Sources |
$1,417,797 |
$1,607,665 |
% of Total Revenues |
17.24% |
18.35% |
State Sources |
$5,630,134 |
$5,721,561 |
% of Total Revenues |
68.46% |
65.31% |
Federal Sources |
$1,176,425 |
$1,432,044 |
% of Total Revenues |
14.30% |
16.35% |
|
||
TOTAL EXPENDITURES |
$7,767,179 |
$8,437,549 |
Salaries and Benefits |
$6,053,128 |
$6,533,845 |
% of Total Expenditures |
77.93% |
77.44% |
Purchased Services |
$1,477,526 |
$1,673,787 |
% of Total Expenditures |
19.02% |
19.84% |
All Other Expenditures |
$236,525 |
$229,917 |
% of Total Expenditures |
3.05% |
2.72% |
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TOTAL NET ASSETS |
$2,508,235 |
$2,051,058 |
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INVESTMENT IN
CAPITAL ASSETS |
$72,810 |
$66,530 |
Percentages
may not add due to rounding. |
REGIONAL
SUPERINTENDENT |
During Audit Period: Honorable Richard Shelby (7/1/08 through 3/31/09) Honorable Matthew Snyder (4/1/09 through 6/30/09) Currently: Honorable Matthew Snyder |