REPORT DIGEST

REGIONAL OFFICE OF EDUCATION #45

MONROE AND RANDOLPH COUNTIES

FINANCIAL AUDIT

(In accordance with the

Single Audit Act and OMB Circular A-133)

For the Year Ended:

June 30, 2005

Summary of Findings:

Total this audit                          1

Total last audit                          0

Repeated from last audit           0

Release Date:

 May 2, 2006

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

Iles Park Plaza

740 E. Ash Street

Springfield, IL 62703

(217) 782-6046 or TTY (888) 261-2887

This Report Digest and Full Report are also available on

the worldwide web at

http://www.state.il.us/auditor

SYNOPSIS

·        The Regional Office of Education #45 did not examine at least once each year all books, accounts, and vouchers of every school treasurer in its educational service region.

        {Expenditures and Revenues are summarized on the reverse page.}

FY 2005

FY 2004

TOTAL REVENUES

$1,397,170

$1,441,683

Local Sources

$348,643

$346,148

% of Total Revenues

24.95%

24.01%

State Sources

$692,514

$579,684

% of Total Revenues

49.57%

40.21%

Federal Sources

$356,013

$515,851

% of Total Revenues

25.48%

35.78%

TOTAL EXPENDITURES

$1,432,286

$1,496,223

Salaries and Benefits

$1,070,177

$1,104,433

% of Total Expenditures

74.72%

73.81%

Purchased Services

$252,017

$251,665

% of Total Expenditures

17.60%

16.82%

All Other Expenditures

$110,092

$140,125

% of Total Expenditures

7.69%

9.37%

TOTAL NET ASSETS

$760,594

$795,710

INVESTMENT IN CAPITAL ASSETS

$104,296

$129,851

Percentages may not add due to rounding.

REGIONAL SUPERINTENDENT 

During Audit Period:  Honorable Marc Kiehna

Currently:  Honorable Marc Kiehna

The Regional Office of Education #45 did not examine at least once each year all books, accounts, and vouchers of every school treasurer in its educational service region.

FINDINGS, CONCLUSIONS AND RECOMMENDATIONS

CONTROLS OVER COMPLIANCE WITH LAWS AND REGULATIONS

        The Illinois School Code (105 ILCS 5/3-14.11) requires the Regional Superintendent to examine at least once each year all books, accounts, and vouchers of every school treasurer in his educational service region, and if he finds any irregularities in them, to report them at once, as directed by the School Code.

         The Regional Office did not examine at least once each year all books, accounts, and vouchers of every school treasurer in the educational service region.  Regional Office officials noted they believe the mandate is outdated and that they are satisfying the intent of the statute by other reviews they undertake.  This mandate has existed in its current form since at least 1953. (Finding 05-1, pages 12-13)

          The Regional Office accepted the recommendation, responding that it will seek a legislative solution to this and other obsolete passages.

AUDITORS’ OPINION

            Our auditors state the Regional Office of Education #45’s financial statements as of June 30, 2005 are fairly presented in all material respects except the effects of any adjustments, if any, as might be necessary, associated with the fiscal year ended June 30, 1996 audit, which has not been finalized.

____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:JRB

SPECIAL ASSISTANT AUDITORS

            Our special assistant auditors were J.W. Boyle Co., LTD.