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REPORT DIGEST REGIONAL OFFICE OF EDUCATION #45 FINANCIAL AUDIT For the Year Ended: June 30, 2008 Summary of Findings: Total this audit 0 Total last audit 0 Repeated from last audit 0 Release Date: March 5, 2009
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 |
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INTRODUCTION Our
report covers the financial audit for the period ending June 30, 2008. AUDITORS’ OPINION Our auditors state the Regional Office of Education #45’s financial statements as of June 30, 2008 are fairly presented in all material respects. _____________________________________ WILLIAM
G. HOLLAND, Auditor General WGH:JB SPECIAL ASSISTANT
AUDITORS Our special assistant auditors were J.W. Boyle
& Co., LTD. {Expenditures
and Revenues are summarized on the reverse page.} |
REGIONAL OFFICE OF EDUCATION #45
FINANCIAL AUDIT
For The Year Ended June 30, 2008
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FY 2008
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FY 2007
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TOTAL REVENUES |
$1,504,727 |
$1,296,127 |
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Local Sources |
$372,788 |
$417,657 |
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% of Total Revenues |
24.77% |
32.22% |
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State Sources |
$856,174 |
$658,681 |
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% of Total Revenues |
56.90% |
50.82% |
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Federal Sources |
$275,765 |
$219,789 |
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% of Total Revenues |
18.33% |
16.96% |
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TOTAL EXPENDITURES |
$1,454,467 |
$1,292,013 |
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Salaries and Benefits |
$1,060,003 |
$958,233 |
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% of Total Expenditures |
72.88% |
74.17% |
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Purchased Services |
$243,979 |
$228,719 |
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% of Total Expenditures |
16.77% |
17.70% |
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All Other Expenditures |
$150,485 |
$105,061 |
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% of Total Expenditures |
10.35% |
8.13% |
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TOTAL NET ASSETS |
$810,598 |
$760,338 |
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INVESTMENT IN
CAPITAL ASSETS |
$45,633 |
$47,128 |
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Percentages
may not add due to rounding. |
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REGIONAL
SUPERINTENDENT |
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During Audit Period: Honorable Marc Kiehna Currently: Honorable Marc Kiehna |