Metro East Sun

An Illinois Auditor General’s report released Aug. 18 found that the Regional Office of Education (ROE) 41 for Madison County "did not properly record unearned revenues" within its financial reporting process but otherwise met requirements.

 

In particular, Madison County didn't properly record its receipt of State grant funding to the Illinois State Board of Education, the audit said.

 

ROE 41 recorded $200,000 in revenues from a grantor under the Venice Early Care program, a new State grant in FY2015. Of this amount, only $64,808 was expended in FY2015.

 

“As of June 30, 2015, the total unexpended amount of $135,192 represents advances received from the grantor which should have been recognized as a liability rather than revenues at fiscal year-end,” Auditor General Frank Mautino’s office stated from Springfield.

 

ROE 41 made the necessary correction to its financial statements as per the auditor’s instructions; the audit revealed that the jurisdiction maintained satisfactory controls over other accounting and expenditure reporting.

 

Of Madison County’s total annual budget, $298,091, equivalent to 8.59 percent, came from federal sources, according to the audit.

 

Madison County received $3.47 million in tax revenue in 2015. It spent $3.59 million, $2.92 million (81 percent) of which was allotted to salaries and benefits, the Auditor General’s report stated.

 

E.C. Ortiz & Co. LLP served as special assistant auditors for the district.

 

The Honorable Robert Daiber is current regional superintendent for Madison County, which oversees 7 school districts. 

 

ROE 41 is headquartered in Edwardsville. Its school districts include Alton CUSD 11; Bethalto CUSD 8; East Alton SD 13; East Alton-Wood River HS District 14; Granite City CUSD 9; Highland CUSD 5; Triad CUSD 2, and Wood River-Hartford Elementary School District 15.