FY11-ROE35-Fin-Full

              STATE OF ILLINOIS
LASALLE COUNTY
REGIONAL OFFICE OF EDUCATION NO. 35
FINANCIAL AUDIT
FOR THE YEAR ENDED JUNE 30, 2011
Performed as Special Assistant Auditors
For the Auditor General, State of Illinois
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
TABLE OF CONTENTS
PAGE
OFFICIALS ........................................................................................................................................................... 1
FINANCIAL REPORT SUMMARY ................................................................................................................. 2
FINANCIAL STATEMENT REPORT SUMMARY ...................................................................................... 4
FINANCIAL SECTION
Independent Auditors’ Report ................................................................................................................................ 5
Independent Auditors’ Report on Internal Control Over Financial Reporting and on Compliance and
Other Matters Based on an Audit of Financial Statements Performed in
Accordance with Government Auditing Standards ......................................................................................... 7
Schedule of Findings and Responses ...................................................................................................................... 9
Financial Statement Findings ................................................................................................................................. 9
Federal Award Findings ......................................................................................................................................... 9
Summary Schedule of Prior Audit Findings ......................................................................................................... 10
Management’s Discussion and Analysis .............................................................................................................. 11
BASIC FINANCIAL STATEMENTS EXHIBIT
Government-wide Financial Statements
Statement of Net Assets ........................................................................................ A ...................................... 17
Statement of Activities .......................................................................................... B ...................................... 18
Fund Financial Statements
Governmental Funds - Balance Sheet .................................................................. C ...................................... 19
Governmental Funds - Reconciliation of the Governmental Funds
Balance Sheet to the Statement of Net Assets ............................................... D ..................................... 20
Governmental Funds - Statement of Revenues, Expenditures, and
Changes in Fund Balances .............................................................................. E ...................................... 21
Governmental Funds - Reconciliation of the Statement of Revenues,
Expenditures, and Changes in Fund Balances to the Statement of
Activities.......................................................................................................... F ...................................... 22
Proprietary Funds - Statement of Net Assets ........................................................ G ..................................... 23
Proprietary Funds - Statement of Revenues, Expenses, and
Changes in Fund Net Assets .......................................................................... H ..................................... 24
Proprietary Funds - Statement of Cash Flows ...................................................... I ....................................... 25
Fiduciary Fund - Statement of Fiduciary Net Assets .......................................... J ....................................... 26
Notes to Financial Statements ........................................................................................................................ 27
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
TABLE OF CONTENTS (CONTINUED)
PAGE
REQUIRED SUPPLEMENTARY INFORMATION
Illinois Municipal Retirement Fund - Schedule of Funding Progress ......................................................... 51
Other Postemployment Benefits - Schedule of Funding Progress ................................................................ 51
SUPPLEMENTARY INFORMATION
SCHEDULE
General Fund Accounts:
Combining Schedule of Accounts ......................................................................... 1 ...................................... 52
Combining Schedule of Revenues, Expenditures, and
Changes in Fund Balances .............................................................................. 2 ...................................... 53
Special Revenue Funds:
Education Fund Accounts:
Combining Schedule of Accounts .................................................................. 3 ...................................... 54
Combining Schedule of Revenues, Expenditures, and
Changes in Fund Balances ................................................................ 4 ...................................... 57
Budgetary Comparison Schedules ................................................................. 5 ...................................... 60
Nonmajor Special Revenue Funds:
Combining Balance Sheet .............................................................................. 6 ...................................... 65
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances ................................................................ 7 ...................................... 66
Nonmajor Proprietary Funds:
Combining Statement of Net Assets ..................................................................... 8 ...................................... 67
Combining Statement of Revenues, Expenses, and
Changes in Fund Net Assets ........................................................................... 9 ...................................... 68
Combining Statement of Cash Flows .................................................................... 10 .................................... 69
Fiduciary Funds:
Combining Statement of Fiduciary Net Assets .................................................... 11 .................................... 70
Combining Statement of Changes in Assets and Liabilities ................................ 12 .................................... 71
Schedule of Disbursements to School District Treasurers and
Others ...................................................................................................................... 13 .................................... 72
1
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
OFFICIALS
Regional Superintendent
(effective June 1, 2011 through current)
Mr. James E. Carlson
Regional Superintendent
(through May 31, 2011)
Mr. Richard A. Myers
Assistant Regional Superintendent
(effective July 1, 2011 through current)
Mr. Christopher B. Dvorak
Assistant Regional Superintendent
(June 1, 2011 through June 30, 2011)
Vacant
Assistant Regional Superintendent
(through May 31, 2011)
Mr. James E. Carlson
Office is located at:
119 West Madison Street, Room 102
Ottawa, Illinois 61350
2
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
FINANCIAL REPORT SUMMARY
The financial audit testing performed during this audit was conducted in accordance with
Government Auditing Standards and in accordance with the Illinois State Auditing Act.
AUDITORS’ REPORTS
The auditors’ reports do not contain scope limitations, disclaimers, or other significant non-standard
language.
SUMMARY OF AUDIT FINDINGS
Number of This Audit Prior Audit
Audit findings  
Repeated audit findings  
Prior recommendations implemented or not repeated  
An additional matter which is less than a significant deficiency or material weakness but more
than inconsequential has been reported in a Management Letter of Comments to the Regional
Superintendent. In prior years, these issues may have been included as immaterial findings in
the auditors’ reports.
SUMMARY OF FINDINGS AND RESPONSES
Item
No.
Page Description Finding Type
FINDINGS (GOVERNMENT AUDITING STANDARDS)
9 None N/A
FINDINGS AND RESPONSES
(FEDERAL COMPLIANCE)
9 None N/A
PRIOR FINDINGS NOT REPEATED
(GOVERNMENT AUDITING STANDARDS)
10 None N/A
3
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
FINANCIAL REPORT SUMMARY - CONTINUED
EXIT CONFERENCE
The results of the audit were discussed at an informal exit conference on February 7, 2012.
Those participating in the teleconference were Mr. James E. Carlson, Regional Superintendent of
LaSalle County Regional Office of Education No. 35; Mr. Paul A. Pelletier, Partner of
Borschnack, Pelletier & Co.; and Ms. Jeanne Michaud, Audit Manager of the Illinois Office of
the Auditor General.
4
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
FINANCIAL STATEMENT REPORT SUMMARY
The audit of the accompanying basic financial statements of the LaSalle County Regional Office of
Education No. 35 was performed by Borschnack, Pelletier & Co.
Based on their audit, the auditors expressed unqualified opinions on the LaSalle County Regional
Office of Education No. 35’s basic financial statements.
letier
Certified Public Accountants & Consultants
200 East Court Street • Suite 608 • Kankakee, IL 60901
815.933.1771 • fax: 815.933.1163
INDEPENDENT AUDITORS' REPORT
Hcncrable William G. Hclland
Auditcr General
State cf Illincis
As Special Assistant Auditcrs fcr the Auditcr General, we have audited the acccmpanying
financial statements cf the gcvernmental activities, the business-type activities, each majcr fund,
and the aggregate remaining fund infcrmaticn cf the LaSalle Ccunty Regicnal Office cf Educaticn
No.. 35, as cf and fcr the year ended June 30, 2011, which ccllectively ccmprise the LaSalle
Ccunty Regicnal Office cf Educaticn No.. 35's basic financial statements as listed in the table cf
ccntents. These financial statements are the respcnsibility cf the LaSalle Ccunty Regicnal Office
cf Educaticn No.. 35's management. Our respcnsibility is to. express cpinicns cn these financial
statements based cn cur audit.
We ccnducted cur audit in acccrdance with auditing standards generally accepted in the United
States cf America and the standards applicable to. financial audits ccntained in Government
Auditing Standards issued by the Ccmptrcller General cf the United States. Thcse standards
require that we plan and perfcrm the audit to. cbtain reascnable assurance abcut whether the
financial statements are free cf material misstatement. An audit includes examining, cn a test
basis, evidence suppcrting the amcunts and disclcsures in the financial statements. An audit alSo.
inclll:des assessing the acceunting principles used and the significant estimates made by
management as well as evaluating the everall financial statement presentatien. We believe that
our audit prevides a reascnable basis for cur cpinions.
In cur opinien, the financial statements referred to. above present fairly, in all material respects,
the respective financial pesitien of the geverwnental activities, the business-type activities, each
majcr f'lmd and the aggregate remaining fund informaticn cfthe LaSalle Ccunty Regienal Office
of Educaticn No.. 35, as ef June 30, 2011, and the respective changes in financial pcsiticn and
cash flcws, where applicable, thereef fer the year then ended in cenfcrmity with acceunting
principles generally accepted in the United States cf America.
As discussed in nctes 1 and 12 in the nctes to. financial statements, the LaSalle Ccunty Regicnal
Office of Educaticn No.. 35 adcpted GASB Statement No.. 54, Fund Balance Reporting and
Governmental Fund Type Definitions effective July 1, 2010. The statement changed the
classificaticns cf gcvernmental fimd balances and clarified the definitiens of existing fimd types.
The adoptien ef this statement had no. effect en any cf the LaSalle Ccunty Regicnal Office cf
Educaticn No.. 35's gevernmental funds' tctal assets, liabilities, cr fimd balances.
5
In accordance with Government Auditing Standards, we have also issued a report dated February
7,2012 on our consideration of the LaSalle County Regional Office of Education No. 35's internal
control over financial reporting and on our tests of its compliance with certain provisions of
laws, regulations, contracts, and grant agreements and other matters. The purpose of that report
is to describe the scope of our testing of internal control over financial reporting and compliance
and the results of that testing, and not to provide an opinion on the internal control over financial
reporting or on compliance. That report is an integral part of an audit performed in accordance
with Government Auditing Standards and should be considered in assessing the results of our
audit.
The Management's Discussion and Analysis, the Illinois Municipal Retirement Fund Schedule of
Funding Progress and the Other Postemployment Benefits Schedule of Funding Progress on
pages 11 through 16 and 51 are not a required part of the basic financial statements but are
supplementary information required by accounting principles generally accepted in the United
States of America. We have applied certain limited procedures, which consisted principally of
inquiries of management regarding the methods of measurement and presentation of the required
supplementary information. However, we did not audit the information and express no opinion
on it.
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the LaSalle County Regional Office of Education No. 35's basic financial
statements. The combining and individual nonmajor fund financial statements, budgetary
comparison schedules, and Schedule of Disbursements to School District Treasurers and Others
are presented for purposes of additional analysis and are not a required part of the basic financial
statements. The combining and individual nonmajor fund financial statements, budgetary
comparison schedules, and the Schedule of Disbursements to School District Treasurers and
Others have been subjected to the auditing procedures applied in the audit of the basic financial
statements and, in our opinion, are fairly stated in all material respects in relation to the basic
financial statements taken as a whole.
February 7, 2012
6
chnack
Certifod Public Accountants & Consultants
200 East Court Street • Suite 608 • Kankakee, IL 60901
815.933.1771 • fax: 815.933.1163
INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL OVER FINANCIAL
REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN
AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS
Honorable William G. Holland
Auditor General
State of Illinois
As Special Assistant Auditors for the Auditor General, we have audited the financial statements
of the governmental activities, the business-type activities, each major fund, and the aggregate
remaining fund information of the LaSalle County Regional Office of Education No. 35, as of
and for the year ended June 30, 2011, which collectively comprise the LaSalle County Regional
Office of Education No. 35's basic financial statements and have issued our report thereon dated
February 7, 2012. We conducted our audit in accordance with auditing standards generally
accepted in the United States of America and the standards applicable to financial audits
contained in Government Auditing Standards, issued by the Comptroller General of the United
States.
Internal Control Over Financial Reporting
Management of the LaSalle County Regional Office of Education No. 35 is responsible for
establishing and maintaining effective internal control over financial reporting. In planning and
performing our audit, we considered the LaSalle County Regional Office of Education No. 35's
internal control over financial reporting as a basis for designing our aUditing procedures for the
purpose of expressing our opinions on the financial statements and not for the purpose of
expressing an opinion on the effectiveness of the LaSalle County Regional Office of Education
No. 35's internal control over financial reporting. Accordingly, we do not express an opinion on
the effectiveness of the LaSalle County Regional Office of Education No. 35's internal control
over financial reporting.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent,
or detect and correct misstatements on a timely basis.
7
A material weakness is a deficiency, or combination of deficiencies, in internal control, such that
there is a reasonable possibility that a material misstatement of the entity's financial statements will
not be prevented, or detected and corrected on a timely basis.
Our consideration of internal control over financial reporting was for the limited purpose described
in the first paragraph of this section and was not designed to identify all deficiencies in internal
control over financial reporting that might be deficiencies, significant deficiencies or material
weaknesses. We did not identify any deficiencies in internal control over financial reporting that we
consider to be material weaknesses, as defined above.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the LaSalle County Regional Office of
Education No. 35's financial statements are free of material misstatement, we performed tests of
its compliance with certain provisions of laws, regulations, contracts, and grant agreements,
noncompliance with which could have a direct and material effect on the determination of
financial statement amounts. However, providing an opinion on compliance with those
provisions was not an objective of our audit, and accordingly, we do not express such an opinion.
The results of our tests disclosed no instances of noncompliance or other matters that are
required to be reported under Government Auditing Standards.
We have noted a certain matter that we have reported to management of the LaSalle County
Regional Office of Education No. 35 in a separate letter dated February 7,2012.
This report is intended solely for the information and use of the Auditor General, the General
Assembly, the Legislative Audit Commission, the Governor, agency management, others within
the organization, and the Illinois State Board of Education and is not intended to be and should
not be used by anyone other than these specified parties.
February 7, 2012
8
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
SCHEDULE OF FINDINGS AND RESPONSES
FOR THE YEAR ENDED JUNE 30, 2011
9
Part I: Summary of Auditors’ Results
Financial Statements
Type of auditors’ report issued: Unqualified
Internal control over financial reporting:
 Material weakness(es) identified? Yes  No
 Significant deficiency(ies) identified?
Yes  None reported
 Noncompliance material to financial statements
noted? Yes  No
Part II: Findings Related to the Basic Financial Statements
There are no audit findings in the current year.
Part III: Federal Award Findings
Instance of Noncompliance:
None
Significant Deficiency:
None
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS
JUNE 30, 2011
10
There were no audit findings in the prior year.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
MANAGEMENT’S DISCUSSION AND ANALYSIS
JUNE 30, 2011
11
The LaSalle County Regional Office of Education No. 35 (ROE) provides this Management’s
Discussion and Analysis of its financial statements. This narrative overview and analysis of the
financial activities is for the year ended June 30, 2011 with comparative information for the year
ended June 30, 2010. In order to provide a comparative analysis, the ROE restated its 2010
governmental funds statements for the implementation of Governmental Accounting Standards
Board Statement No. 54. Governmental Funds analysis are based on that restatement. Readers
are encouraged to consider the information in conjunction with the Regional Office’s financial
statements that follow.
2011 Financial Highlights
 Within the Governmental Funds, the General Fund revenues increased by $32,750 (10%)
from $331,082 in FY 2010 to $363,832 in FY 2011. The General Fund’s expenditures
decreased by $9,468 (3%) from $362,792 in FY 2010 to $353,324 in FY 2011.
 Within the Governmental Funds, the Special Revenue Funds’ revenues increased by
$256,605 (20%) from $1,315,205 in FY 2010 to $1,571,810 in FY 2011. The Special
Revenue Funds’ expenditures increased by $36,316 (2%) from $1,478,678 in FY 2010 to
$1,514,994 in FY 2011.
 The Enterprise Funds’ revenues increased by $21,603 (13%) from $170,430 in FY 2010 to
$192,033 in FY 2011. The Enterprise Funds’ expenditures increased by $29,596 (19%) from
$159,142 in FY 2010 to $188,738 in FY 2011.
Using This Report
This report consists of a series of financial statements and other information, as follows:
 Management’s Discussion and Analysis introduces financial statements and provides an
analytical overview of the ROE’s financial activities.
 The Government-wide financial statements consist of a Statement of Net Assets and a
Statement of Activities. These provide information about the activities of the ROE as a
whole and present an overall view of the ROE’s finances.
 Fund financial statements report the ROE’s operations in more detail than the government-wide
statements by providing information about the most significant funds.
 Notes to the financial statements provide additional information that is needed for a full
understanding of the data provided in the basic financial statements.
 Required supplementary information and supplementary information further explains and
supports the financial statements and supplementary information provides detailed
information about the non-major funds.
Reporting the ROE as a Whole
It is important to note, that many grants are a cooperative effort of the ROE and the
Marshall/Putnam/Woodford Counties Regional Office of Education No. 43. Therefore, these
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
MANAGEMENT’S DISCUSSION AND ANALYSIS
JUNE 30, 2011
12
figures may reflect grants that are intended to serve LaSalle County only, as well as grants that
serve LaSalle, Marshall, Putnam and Woodford Counties.
The Statement of Net Assets and the Statement of Activities
Government-wide Financial Statements
The Government-wide financial statements report information about the ROE as a whole. The
Statement of Net Assets includes all of the assets and liabilities, with the difference reported as
net assets. All of the current year revenues and expenses are accounted for in the Statement of
Activities regardless of when cash is received or paid using Generally Accepted Accounting
Principles.
The Government-wide financial statements report the ROE’s net assets and how they have
changed. Net assets - the difference between assets and liabilities - are one way to measure the
ROE’s financial condition.
 Over time, increases or decreases in the net assets can be an indicator of whether financial
position is improving or deteriorating, respectively.
 To assess the ROE’s overall financial condition, additional non-financial factors, such as new
laws, rules, regulations, and actions by officials at the State level need to be considered.
Fund Financial Statements
The fund financial statements provide detailed information about the ROE’s funds. Funds are
accounting devices that allow the tracking of specific sources of funding and spending on
particular programs. Some funds are required by State law. The ROE established other funds to
control and manage money for particular purposes.
The ROE has three kinds of funds:
(1) Governmental funds account for those funds through which most governmental functions of
the ROE are financed. These focus on how cash and other financial assets that can be
readily converted to cash flow in and out and the balances left at the year-end that are
available for spending. Consequently, the governmental fund statements provide a detailed
short-term view that helps determine whether there are more or fewer resources that can be
spent in the near future to finance the ROE’s programs. The ROE’s Governmental Funds
include: the General Fund and the Special Revenue Funds. The governmental funds
required financial statements include a Balance Sheet and a Statement of Revenues,
Expenditures and Changes in Fund Balances.
(2) Proprietary funds account for resources from fees charged directly to those entities or
individuals that use its services. Proprietary fund statements provide both long-term and
short-term financial information consistent with the focus provided by government-wide
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
MANAGEMENT’S DISCUSSION AND ANALYSIS
JUNE 30, 2011
13
financial statements but with more detail for major and non-major enterprise funds. The
proprietary funds required financial statements include a Statement of Net Assets, Statement
of Revenues, Expenses and Changes in Fund Net Assets and a Statement of Cash Flows.
(3) Fiduciary funds are used to account for assets held by the ROE in a trust capacity or as an
agent for individuals and private or governmental organizations. These funds are custodial in
nature (assets equal liabilities) and do not involve measurement of results of operations. The
fiduciary funds required financial statements include a Statement of Fiduciary Net Assets.
Government-Wide Financial Analysis
As noted earlier, net assets, when examined over time, may serve as an indicator of the financial
health of the ROE. The net assets at the end of FY 2011 and 2010 totaled $1,129,271 and
$1,129,166, respectively. The analysis that follows provides a summary of the ROE’s net assets
as of June 30.
CONDENSED STATEMENT OF NET ASSETS
Governmental Activities Business-Type Activities Total
2011 2010 2011 2010 2011 2010
ASSETS
Current assets $ 867,956 $ 835,480 $ 343,353 $ 384,830 $ 1,211,309 $ 1,220,310
Capital assets, net of
depreciation      
TOTAL ASSETS 867,956 835,480 343,353 384,830 1,211,309 1,220,310
Current liabilities 62,164 59,948 19,874 31,196 82,038 91,144
TOTAL LIABILITIES 62,164 59,948 19,874 31,196 82,038 91,144
NET ASSETS
Invested in capital
assets, net of related debt      
Restricted for educational
purposes 136,220 65,746   136,220 65,746
Unrestricted 669,572 709,786 323,479 353,634 993,051 1,063,420
TOTAL NET ASSETS $ 805,792 $ 775,532 $ 323,479 $ 353,634 $ 1,129,271 $ 1,129,166
The ROE’s net assets increased by $105 (0%) during FY 2011. An increase of $30,260 (4%)
occurred in the Governmental Activities and a $30,155 (9%) decrease occurred in the Business-
Type Activities as a result of a transfer of Workshop funds to the ROE/ISC Operations Fund to
offset the overspending due to the State’s budget cuts.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
MANAGEMENT’S DISCUSSION AND ANALYSIS
JUNE 30, 2011
14
CHANGES IN NET ASSETS
The following analysis shows the changes in net assets for the years ended June 30, 2011 and
2010.
Governmental Activities Business-Type Activities Total
2011 2010 2011 2010 2011 2010
Revenues:
Program revenues:
Charges for services $ 138,482 $ 118,231 $ 192,033 $ 170,430 $ 330,515 $ 288,661
Operating grants and
contributions 1,116,466 1,090,827   1,116,466 1,090,827
General revenues:
Fees for services 9,371 8,340   9,371 8,340
Interest income 11,448 15,344 788 1,405 12,236 16,749
On-behalf payments 588,573 585,909   588,573 585,909
Total revenues 1,864,340 1,818,651 192,821 171,835 2,057,161 1,990,486
Expenses:
Salaries 610,156 625,526 40,085 29,842 650,241 655,368
Benefits 129,919 136,587 7,523 4,968 137,442 141,555
Purchased services 393,165 332,108 108,980 107,999 502,145 440,107
Supplies and materials 62,585 59,223 25,259 11,486 87,844 70,709
Capital outlay 10,595 699 979  11,574 699
Depreciation      
Payments to other
governmental units 65,340 94,950 479 1,510 65,819 96,460
Miscellaneous 7,985 6,468 5,433 3,337 13,418 9,805
On-behalf payments 588,573 585,909   588,573 585,909
Total expenses 1,868,318 1,841,470 188,738 159,142 2,057,056 2,000,612
Income (loss) before
operating transfers (3,978) (22,819) 4,083 12,693 105 (10,126)
Operating transfers 34,238 (651) (34,238) 651  
Change in net assets 30,260 (23,470) (30,155) 13,344 105 (10,126)
Net assets, beginning 775,532 799,002 353,634 340,290 1,129,166 1,139,292
Net assets, ending $ 805,792 $ 775,532 $ 323,479 $ 353,634 $ 1,129,271 $ 1,129,166
Governmental Activities
Revenues for governmental activities were $1,864,340 and expenses were $1,868,318. Most
grants decreased in FY 2011. New programs totaling $171,433 were funded in FY 2011. These
new programs include ARRA Title 1 School Improvement, WIA – Youth Activities and AARA
Education Jobs Funds. Expenses were proportionally increased or decreased to meet the funding
level.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
MANAGEMENT’S DISCUSSION AND ANALYSIS
JUNE 30, 2011
15
Business-Type Activities
Revenues for business-type activities were $192,821 and expenditures were $188,738. The
increase in revenue is attributed to more revenue in most of the non-major propriety funds. The
expense increases are attributed to the increased supplies and materials in the Workshop fund,
increased purchased services in the Discovery United Streaming Coop, and the salaries and
benefits and miscellaneous increases in the non-major propriety funds in FY 2011.
Financial Analysis of the ROE Funds
As previously noted, the ROE uses fund accounting to ensure and demonstrate compliance with
finance-related legal requirements. The ROE’s Governmental Funds reported combined fund
balances of $704,730.
Governmental Fund Highlights
 The School Services grant (ROE/ISC Operations) budget was slashed $11,017 (9%)
compared to FY 2010. This funding provided by the State did not pay for all school service
activities, etc. Workshop funds were transferred to help offset the deficit.
 The dollar return on investments (certificate of deposit, short-term investments and interest
earned on a float), were reduced because of the low interest rates. In order to provide
services budgeted for the Direct Service Budget, certain investments again had to be used
which also reduced the amount of interest revenue received.
 County support for the Regional Office of Education No. 35 remained at level funding.
 The State Aid foundation level was the same as FY 2010 at $6,119.
Proprietary Fund Highlights
Total proprietary fund net assets decreased by $30,155 (9%). The net decrease in the proprietary
funds is attributed to the transfer of Proprietary Funds to School Services in order to complete all
State required mandates.
Fiduciary Fund Highlights
There was a decrease of $51,766,363 (75%) in total fiduciary funds additions for FY 2011.
This decrease is attributed to management’s decision to have the Distributive Fund transferred
directly to the schools instead of through the ROE in order to increase fiscal efficiency and
reduce ROE costs. Transactions during FY 2011 represent mainly transfers in and out of funds
for the Distributive Fund.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
MANAGEMENT’S DISCUSSION AND ANALYSIS
JUNE 30, 2011
16
Budgetary Highlights
The ROE annually prepares budgets for several funds which serve as a guideline for activities
and expenditures. The Regional Superintendent annually prepares an Office Operations Budget
and submits it to the County Board for their approval. The Office Operations Budget covers a
fiscal year which runs from December 1 to November 30. All grant budgets are prepared by the
ROE and submitted to the granting agency for approval. Amendments must be submitted under
guidelines established by the granting agency. Additionally, all ROE funds are reported to the
Advisory Board.
Capital Assets
The ROE’s capital assets include office equipment, computers, audio-visual equipment, and
office furniture. The ROE maintains an inventory of capital assets which have been accumulated
over time. For FY 2011 there were no acquisitions meeting the capitalization threshold.
Depreciation expense for the FY 2011 was $0. All of the ROE’s capital assets were fully
depreciated as of June 30, 2011.
Economic Factors and Next Year’s Budget
At the time these financial statements were prepared and audited, the Regional Office was aware
of several existing circumstances that could affect its financial health in the future:
 The interest rate on investments remains low and will impact interest earned.
 Most grants have been reduced significantly. The ROE Service Line has been cut in half.
Covering expenditures from this source of revenue is impossible. As a result, ROE Service
obligations will have to be met with other sources of revenue such as Teacher Institute,
Workshops, Administrators Academy, etc. Failure to sufficiently fund ROEs will challenge
the entire organization as the effects of the reductions ripple throughout the unit.
 General State Aid is being prorated at 95% of the FY 2011 foundation level of $6,119.
 Federal ARRA offset that aided in previous years is not expected.
 County Board support for Regional Office of Education No. 35 will remain level.
Contacting the ROE’s Financial Management
This financial report is designed to provide the ROE’s citizens, taxpayers, clients, and other
constituents with a general overview of its finances and to demonstrate the accountability for the
money it receives. If the reader has questions concerning this report or needs additional financial
information, please contact the Regional Superintendent of the Regional Office of Education No.
35 at 119 W. Madison St., Room No. 102, Ottawa, IL 61350.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35 EXHIBIT A
STATEMENT OF NET ASSETS
JUNE 30, 2011
Governmental
Activities
Business-Type
Activities Total
ASSETS
Current assets
Cash and cash equivalents $ 209,601 $ 285,301 $ 494,902
Investments 297,702 52,778 350,480
Accounts receivable 9,369 404 9,773
Prepaid expenses 3,291 943 4,234
Due from other governmental units 347,993 3,927 351,920
Total current assets 867,956 343,353 1,211,309
Noncurrent assets
Capital assets, net - - -
TOTAL ASSETS 867,956 343,353 1,211,309
LIABILITIES
Current liabilities
Accounts payable and accrued expenses 28,082 888 28,970
Due to other governmental units 34,082 - 34,082
Deferred revenues - 18,986 18,986
TOTAL LIABILITIES 62,164 19,874 82,038
NET ASSETS
Invested in capital assets, net of related debt - - -
Unrestricted 669,572 323,479 993,051
Restricted for educational purposes 136,220 - 136,220
TOTAL NET ASSETS $ 805,792 $ 323,479 $ 1,129,271
Primary Government
The notes to the financial statments are an integral part of this statement.
17
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35 EXHIBIT B
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2011
Operating
Charges for Grants and Governmental Business-Type
FUNCTIONS/PROGRAMS Expenses Services Contribution Activities Activities Total
Primary government
Governmental activities:
Instructional services
Salaries $ 610,156 $ 67,282 $ 543,883 $ 1,009 $ - $ 1,009
Benefits 129,919 14,335 116,304 720 - 720
Purchased services 393,165 42,201 337,338 (13,626) - (13,626)
Supplies and materials 62,585 6,305 51,087 (5,193) - (5,193)
Capital expenditures 10,595 1,174 9,530 109 - 109
Depreciation - - - - - -
Miscellaneous 7,985 387 3,146 (4,452) - (4,452)
Payments to other governmental units 65,340 6,798 55,178 (3,364) - (3,364)
Administrative
On-behalf payments 588,573 - - (588,573) - (588,573)
Total governmental activities 1,868,318 138,482 1,116,466 (613,370) - (613,370)
Business-type activities:
Professional development 188,738 192,033 - - 3,295 3,295
Total business-type activities 188,738 192,033 - - 3,295 3,295
Total primary government $ 2,057,056 $ 330,515 $ 1,116,466 (613,370) 3,295 (610,075)
General revenues:
Fees for services 9,371 - 9,371
Interest income 11,448 788 12,236
On-behalf payments 588,573 - 588,573
Transfers 34,238 (34,238) -
Total general revenues and transfers 643,630 (33,450) 610,180
Change in net assets 30,260 (30,155) 105
Net assets - beginning 775,532 3 53,634 1,129,166
Net assets - ending $ 805,792 $ 323,479 $ 1,129,271
Net (Expense) Revenue and Changes in Net Assets
Primary Government
Program Revenues
The notes to the financial statements are an integral part of this statement.
18
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35 EXHIBIT C
GOVERNMENTAL FUNDS
BALANCE SHEET
JUNE 30, 2011
General Fund Education Fund Institute Fund
Nonmajor Special
Revenue Funds
Total
Governmental
Funds
ASSETS
Cash and cash equivalents $ 156,379 $ 550 $ 42,969 $ 9,703 $ 209,601
Investments 221,284 - 40,548 35,870 297,702
Accounts receivable 1,761 7,021 305 282 9,369
Prepaid expenses 951 2,340 - - 3,291
Due from other funds 302,697 - - - 302,697
Due from other governmental units 644 346,961 - 388 347,993
TOTAL ASSETS $ 683,716 $ 356,872 $ 83,822 $ 46,243 $ 1,170,653
LIABILITIES AND FUND BALANCES
LIABILITIES
Accounts payable and accrued expenses $ 14,144 $ 13,792 $ - $ 146 $ 28,082
Due to other funds - 302,697 - - 302,697
Due to other governmental units - 33,862 - 220 34,082
Deferred revenues 1,500 99,422 - 140 101,062
Total liabilities 15,644 449,773 - 506 465,923
FUND BALANCES
Nonspendable 951 2,340 - - 3,291
Restricted - 759 83,822 45,737 130,318
Assigned 35,084 - - - 35,084
Unassigned 632,037 (96,000) - - 536,037
Total fund balances 668,072 (92,901) 83,822 45,737 704,730
TOTAL LIABILITIES AND FUND BALANCES $ 683,716 $ 356,872 $ 83,822 $ 46,243 $ 1,170,653
The notes to the financial statments are an integral part of this statement.
19
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35 EXHIBIT D
GOVERNMENTAL FUNDS
RECONCILIATION OF THE GOVERNMENTAL FUNDS
BALANCE SHEET TO THE STATEMENT OF NET ASSETS
JUNE 30, 2011
Total fund balances - governmental funds $ 704,730
Amounts reported for governmental activities in the Statement of Net
Assets are different because:
Because some revenues will not be collected
for several months after the Regional Office
fiscal year ends, they are not considered "available"
revenues and are deferred in the governmental funds.
ROE/ISC Operations 18,602
Regional Safe Schools 16,018
Truants Alternative Programs 13,501
Learning Technology Center 7,795
Beginning Teachers Induction Pilot Program 27,977
System of Support 15,529
Principal Mentoring 1,500
General Educational Development 140
101,062
Net assets of governmental activities $ 805,792
The notes to the financial statements are an integral part of this statement.
20
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35 EXHIBIT E
GOVERNMENTAL FUNDS
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2011
General Fund Education Fund Institute Fund
Nonmajor Special
Revenue Funds
Total
Governmental
Funds
REVENUES
Federal sources $ - $ 3 76,674 $ - $ - $ 376,674
State sources 266,345 5 44,358 - 1,191 811,894
Local sources
Fees for services 86,788 1 6,466 26,117 17,682 147,053
Interest 10,699 1 4 461 274 11,448
On-behalf payments - 5 88,573 - - 588,573
Total revenues 363,832 1,526,085 26,578 19,147 1,935,642
EXPENDITURES
Instructional services:
Salaries 209,074 3 97,991 2,520 571 610,156
Benefits 50,590 7 9,150 68 111 129,919
Purchased services 65,773 3 15,446 5,811 6,135 393,165
Supplies and materials 11,118 4 8,573 103 2,791 62,585
Miscellaneous 4,994 2 ,816 - 175 7,985
Payments to other governmental units 11,260 5 4,080 - - 65,340
On-behalf payments - 5 88,573 - - 588,573
Capital expenditures 515 1 0,080 - - 10,595
Total expenditures 353,324 1,496,709 8,502 9,783 1,868,318
EXCESS OF REVENUES OVER EXPENDITURES 10,508 2 9,376 18,076 9,364 67,324
OTHER FINANCING SOURCES (USES):
Transfers in (out) (9,325) 4 3,563 - - 34,238
EXCESS OF REVENUES AND OTHER
FINANCING (USES) SOURCES OVER EXPENDITURES 1,183 7 2,939 18,076 9,364 101,562
FUND BALANCES, BEGINNING OF YEAR
AS PREVIOUSLY REPORTED 275,545 2 25,504 65,746 36,373 603,168
PRIOR PERIOD ADJUSTMENT 391,344 (391,344) - - -
FUND BALANCES (DEFICIT), BEGINNING OF YEAR
AS RESTATED 666,889 (165,840) 65,746 36,373 603,168
FUND BALANCES (DEFICIT), END OF YEAR $ 668,072 $ (92,901) $ 83,822 $ 45,737 $ 704,730
The notes to the financial statements are an integral part of this statement.
21
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35 EXHIBIT F
GOVERNMENTAL FUNDS
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES TO THE STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2011
Net change in fund balances $ 101,562
Amounts reported for governmental activities in the Statement of Activities are
different because:
Because some revenues will not be collected
for several months after the Regional Office
fiscal year ends, they are not considered "available"
revenues and are deferred in the governmental funds.
ROE/ISC Operations 18,602
Regional Safe Schools 16,018
Truants Alternative Programs 13,501
Learning Technology Center 7,795
Beginning Teachers Induction Pilot Program 27,977
System of Support 15,529
Principal Mentoring 1,500
General Educational Development 140
101,062
Because some prior year revenues were not collected
for several months after the Regional Office prior fiscal
year ended, they were not considered "available" revenues
and were previously deferred in the governmental funds.
ROE/ISC Operations (40,886)
Regional Safe Schools (52,609)
Truants Alternative Programs (33,615)
Learning Technology Center (24,835)
Beginning Teachers Induction Pilot Program (19,450)
Free Lunch & Breakfast (115)
Breakfast Incentive (14)
Principal Mentoring (750)
General Educational Development (90)
(172,364)
Change in net assets of governmental activities $ 30,260
The notes to the financial statements are an integral part of this statement.
22
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35 EXHIBIT G
PROPRIETARY FUNDS
STATEMENT OF NET ASSETS
JUNE 30, 2011
Workshop
LaSalle
County Area
Purchasing
Coop.
Discovery
United
Streaming
Coop.
Nonmajor
Proprietary
Funds Total
ASSETS
Current assets
Cash and cash equivalents $ 180,755 $ 7,918 $ 13,854 $ 82,774 $ 285,301
Investments - 28,663 - 24,115 52,778
Accounts receivable - 9 - 395 404
Prepaid expenses 195 - 748 - 943
Due from other governmental units 3,672 - - 255 3,927
TOTAL ASSETS 184,622 36,590 14,602 107,539 343,353
LIABILITIES
Current liabilities
Accounts payable and accrued expenses 530 - - 358 888
Deferred revenues 600 6,821 10,665 900 18,986
TOTAL LIABILITIES 1,130 6 ,821 10,665 1,258 19,874
NET ASSETS
Unrestricted $ 183,492 $ 29,769 $ 3,937 $ 106,281 $ 323,479
Business Type Activities - Enterprise Funds
The notes to the financial statements are an integral part of this statement.
23
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35 EXHIBIT H
PROPRIETARY FUNDS
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS
FOR THE YEAR ENDED JUNE 30, 2011
Workshop
LaSalle
County Area
Purchasing
Coop.
Discovery
United
Streaming
Coop.
Nonmajor
Proprietary
Funds Total
OPERATING REVENUES
Local sources $ 54,746 $ 30,575 $ 44,270 $ 62,442 $ 192,033
OPERATING EXPENSES
## Salaries - 22,630 180 17,275 40,085
## Benefits - 4,396 35 3,092 7,523
## Purchased services 32,306 1,272 47,027 28,375 108,980
## Supplies and materials 15,806 200 - 9,253 25,259
## Capital outlay - - - 979 979
## Miscellaneous 339 3,169 - 1,925 5,433
Payments to other governmental units 479 - - - 479
Total operating expenses 48,930 31,667 47,242 60,899 188,738
OPERATING INCOME (LOSS) 5,816 (1,092) (2,972) 1,543 3,295
NONOPERATING REVENUES
Interest 187 266 5 330 788
INCOME (LOSS) BEFORE
OPERATING TRANSFERS 6,003 (826) (2,967) 1,873 4,083
OPERATING TRANSFERS
Transfers out (34,238) - - - (34,238)
CHANGE IN NET ASSETS (28,235) (826) (2,967) 1,873 (30,155)
TOTAL NET ASSETS, BEGINNING OF YEAR 211,727 30,595 6,904 104,408 353,634
TOTAL NET ASSETS, END OF YEAR $ 183,492 $ 29,769 $ 3,937 $ 106,281 $ 323,479
Business Type Activities - Enterprise Funds
The notes to the financial statements are an integral part of this statement.
24
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35 EXHIBIT I
PROPRIETARY FUNDS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2011
Workshop
LaSalle
County Area
Purchasing
Coop.
Discovery
United
Streaming
Coop.
Nonmajor
Proprietary
Funds Total
CASH FLOWS FROM OPERATING ACTIVITIES:
Receipts for workshops and services $ 50,665 $ 26,077 $ 38,030 $ 65,058 $ 179,830
Payments to employees - (22,630) (180) (17,275) (40,085)
Payments to suppliers (46,397) (9,037) (47,810) (43,540) (146,784)
Net cash provided by (used in) operating activities 4,268 (5,590) (9,960) 4,243 (7,039)
CASH FLOWS FROM NON CAPITAL FINANCING ACTIVITIES:
Repayments of loans from other funds 210,538 - - 46,138 256,676
Transfers out (34,238) - - - (34,238)
Net cash provided by non capital financing activities 176,300 - - 46,138 222,438
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from (Purchases of) Investments, net - (254) - 4,745 4,491
Interest 187 266 5 330 788
Net cash provided by investment activities 187 12 5 5,075 5,279
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 180,755 (5,578) (9,955) 55,456 220,678
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR - 13,496 23,809 27,318 64,623
CASH AND CASH EQUIVALENTS, END OF YEAR $ 180,755 $ 7,918 $ 13,854 $ 82,774 $ 285,301
Reconciliation of operating income (loss) to
net cash provided by (used in) operating activities:
Operating income (loss) $ 5,816 $ (1,092) $ (2,972) $ 1,543 $ 3,295
Adjustments to reconcile operating income (loss) to net cash
provided by (used in) operating activities:
Effects of changes in assets and liabilities:
Accounts receivable 75 12 - 151 238
Prepaid Expenses 2,405 - (748) - 1,657
Due from other governmental units (2,472) - - 1,565 (907)
Accounts payable and accrued expenses 128 - - 84 212
Deferred revenues (1,684) (4,510) (6,240) 900 (11,534)
Net cash provided by (used in) operating activities $ 4,268 $ (5,590) $ (9,960) $ 4,243 $ (7,039)
Business Type Activities - Enterprise Funds
The notes to the financial statements are an integral part of this statement.
25
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35 EXHIBIT J
FIDUCIARY FUNDS
STATEMENT OF FIDUCIARY NET ASSETS
JUNE 30, 2011
ASSETS
Cash and cash equivalents $ 19,538
LIABILITIES
Due to other governmental units $ 19,538
The notes to the financial statements are an integral part of this statement.
26
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
27
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The LaSalle County Regional Office of Education No. 35 (ROE) operates under the School Code
(105 ILCS 5/3 and 5/3A). The ROE encompasses LaSalle County, Illinois. A Regional
Superintendent of Schools serves as Chief Administrative Officer of the region and is elected to
the position for a four year term pursuant to 105 ILCS 5/3 and 5/3A of the School Code. The
Regional Superintendent is responsible for the supervision and control of the school districts.
The principal financial duty of the Regional Superintendent is to receive and distribute monies
due to school districts from general State aid, State categorical grants, and various other sources.
The Regional Superintendent’s responsibilities for administering the school educational service
region programs include, but are not limited to, providing directions to teachers and school
officials on science, art and teaching methods; implementing the State Board of Education’s
Policy Programs; encouraging camaraderie among teachers through the teachers’ institute;
making public notice of unfilled teaching positions within the region; and ensuring the safety,
health and welfare of the students in the region by periodically inspecting the school buildings
and ensuring that the bus drivers have valid driving licenses and are properly trained to operate
the school buses.
The ROE’s accounting policies conform to generally accepted accounting principles which are
appropriate for local governmental agencies of this type.
A. Reporting Entity
The ROE’s reporting entity includes all related organizations for which the ROE exercises
oversight responsibility. The ROE has developed criteria to determine whether outside
agencies with activities which benefit the citizens of the ROE, including joint agreements
which serve pupils from numerous school districts, should be included within its financial
reporting entity. The criteria include but are not limited to, whether the ROE exercises
oversight responsibility (which includes financial interdependency, selection of governing
authority, designation of management, ability to significantly influence operations, and
accountability for fiscal matters), scope of public service, and special financing relationships.
Blended Component Units
A component unit is an entity which is legally separate from the ROE, but is so intertwined
with the ROE that it is, in substance, the same as the ROE. It is reported as part of the ROE
and blended into the appropriate funds.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
28
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
On July 1, 1998, the ROE entered into an Intergovernmental Agreement executed pursuant to
the provisions of the Intergovernmental Cooperation Clause of the Illinois Constitution as
well as the provisions of the Intergovernmental Cooperation Act of 1973 and the Illinois
Admin. Code 525.110 to form an educational service delivery system. The name of the
educational service delivery system formed is known as the LaSalle County - Putnam,
Marshall, Woodford Counties Service Delivery System. The Service Delivery System is
responsible for the administration and performance of accounting procedures that conform to
all applicable rules and regulations of the Illinois State Board of Education. ROE was
designated as Administrative Agent and Director.
The following grants to ROE and Marshall-Putnam-Woodford Counties Regional Office of
Education No. 43 were assigned to the LaSalle, Marshall, Putnam, and Woodford Counties
Service Delivery System: ROE/ISC Operations, Truants Alternative Program, Learning
Technology Center, Beginning Teachers Induction Pilot Program, Gifted and Reading First.
These grants are reported as Special Revenue Funds.
The ROE is not aware of any entity which would exercise such oversight as to result in the
Regional Office being considered a component unit of the entity.
B. Government-wide and Fund Financial Statements
The government-wide financial statements (i.e., the Statement of Net Assets and the
Statement of Activities) report information on all of the nonfiduciary activities of the primary
government. For the most part, the effect of interfund activity has been removed from these
statements. The statements distinguish between those activities of the ROE that are
governmental in nature and those that are considered business-type activities. Governmental
activities normally are supported by operating grants and contributions, charges for services
and intergovernmental revenues. Business-type activities normally are supported by operating
revenues which include amounts assessed or received from local sources for the ROE
programs.
The Statement of Net Assets presents the ROE’s nonfiduciary assets and liabilities with the
differences reported as net assets. Net assets of the ROE are classified as follows:
Invested in Capital Assets - represent the ROE’s total investment in capital assets less related
depreciation. There is no outstanding debt related to these assets at this time.
Restricted Net Assets - represent net resources in which the ROE is legally obligated to spend
in accordance with restrictions imposed by (1) external groups such as grantors or
contributors; or (2) laws through constitutional provisions or enabling legislation.
Unrestricted Net Assets - represent remaining net resources not classified as Restricted Net
Assets or Invested in Capital Assets and are used for transactions relating to the general
operations of the ROE at the discretion of management.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
29
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
The Statement of Activities demonstrates the degree to which the direct expenses of a given
function or segment are offset by program revenues. Direct expenses are those that are
clearly identifiable with a specific function or segment. Program revenues include 1)
charges to customers or applicants who purchase, use or directly benefit from goods,
services, or privileges provided by a given function or segment and 2) grants and
contributions that are restricted to meeting the operational or capital requirements of a
particular function or segment. Other items not properly included among program revenues
are reported instead as general revenues. Major individual funds are reported as separate
columns in the fund financial statements.
C. New Accounting Pronouncement
Effective July 1, 2010, the ROE adopted the following accounting pronouncements:
 Governmental Accounting Standards Board (GASB) Statement No. 54, Fund Balance
Reporting and Governmental Fund Type Definitions
 GASB Statement No. 59, Financial Instruments Omnibus
 GASB Statement No. 62, Codification of Accounting and Financial Reporting Guidance
Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements
GASB Statements No. 59 and 62 had no impact on the ROE’s financial statements. The
adoption of GASB Statement No. 54 required the ROE to re-evaluate and reclassify the
accounts comprising the funds based on the provisions of the statement. The statement
changed fund balance reporting for governmental funds by adding and modifying fund
balance classifications, and providing additional disclosures on how fund balance constraints
are imposed and may be modified or eliminated. A prior period adjustment has been reported
for the net assets that were reclassified. See Note 12 for the details.
On July 1, 2011, the ROE will adopt GASB Statement No. 64. This pronouncement will
have no impact on the ROE.
D. Measurement Focus, Basis of Accounting, and Financial Statement Presentation
The financial statements of the ROE are prepared in accordance with generally accepted
accounting principles (GAAP). The ROE applies all applicable GASB pronouncements.
The government-wide, the proprietary fund, and the fiduciary fund financial statements are
reported using the economic resources measurement focus and the accrual basis of
accounting. Revenues are recorded when earned and expenses are recorded when a liability
is incurred, regardless of the timing of related cash flows. Grants and similar items are
recognized as revenue as soon as all eligibility requirements imposed by provider have been
met.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
30
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Governmental fund financial statements are reported using the current financial resources
measurement focus and the modified accrual basis of accounting. Revenues are recognized
when they are both measurable and available. “Measurable” means the amount of the
transaction can be determined and “available” means collectible within the current period or
soon enough thereafter to be used to pay liabilities of the current period. The ROE considers
revenues as available if they are collected within 60 days after year-end. Expenditures are
generally recorded when a liability is incurred, as under accrual accounting. In applying the
susceptible to accrual concept to intergovernmental revenues, the legal and contractual
requirements of the numerous individual programs are used as guidance. There are
essentially two types of these revenues. In one, monies must be expended before any
amounts will be reimbursed; therefore, revenues are recognized based upon the expenditures
recorded. In the other, monies are usually revocable only for failure to comply with
prescribed compliance requirements. These resources are reflected as revenues at the time
that all eligibility requirements imposed by the provider have been met unless the resources
are not measurable or available as described above.
When restricted, committed, assigned and unassigned resources are available for use, it is the
ROE’s policy to use restricted resources first, then committed, assigned and finally
unassigned resources as they are needed.
The ROE records on-behalf payments made by the State and LaSalle County for salary,
benefits and contributions to the Teachers’ Retirement System or the Illinois Municipal
Retirement Fund as revenues and expenditures.
E. Fund Accounting
The accounts of the ROE are organized on the basis of funds, each of which is considered a
separate accounting entity. The operations of each fund are accounted for with a separate set
of self-balancing accounts that comprise its assets, liabilities, fund balance, revenue, and
expenditures. The ROE maintains individual funds as required by the State of Illinois. The
resources are allocated to and accounted for in individual funds based upon the purposes for
which they are to be spent and the means by which spending activities are controlled. The
various funds are summarized by type in the basic financial statements. The following
summarizes the fund types used:
Governmental Fund Types
Governmental Funds are those through which most governmental functions of the ROE are
financed. The acquisition, use and balances of the ROE’s expendable financial resources and
the related liabilities are accounted for through governmental funds.
General Fund - The General Funds are used to account for all financial resources except
those required to be accounted for in another fund. The general fund is reported as a
major governmental fund in the financial statements. The following are the general
funds:
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
31
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
General - to account for the general operating fund. It has been used to record
expenditures in connection with general administration activities.
RSSP Student - to account for monies received for assistance in funding shortfalls
for student activities.
Principal Mentoring - to account for monies from the Illinois Principals
Association for expenditures incurred to ensure that every new principal in the
region receives high-quality mentoring experience from trained mentors.
Title II - Teacher Quality (from schools) - to account for the administration of
monies from various local schools to be used for the Title II – Teacher Quality
programs.
Hazard Safety Reimbursement - to account for monies from the State of Illinois
for expenditures incurred in the Hazard Safety program.
General State Aid - to account for grant monies received for, and payment of
expenditures for regional learning academy supplements.
Special Revenue Funds - Special Revenue Funds are used to account for the proceeds of
specific revenue sources that are legally restricted or committed to expenditures for
specified purposes. The ROE reported the following special revenue funds as major
governmental funds.
Education - to account for State and Federal grant monies received for, and
payment of, administering numerous grant awards which include:
McKinney Education for Homeless Children - to account for grant monies
received for and payment of, expenditures associated with a Federal program
designed to provide counseling and educational support to homeless children
and their families. The programs are funded by a Federal Stewart B.
McKinney Education for Homeless Children and Youth Grant administered
through the Illinois State Board of Education.
Regional Safe Schools - this fund is an alternative schooling program for
disruptive youth, creating alternative placement for those students who are
suspended and/or are deemed ineligible.
Truants Alternative Programs - to account for grant monies received for, and
payment of, providing truancy prevention programming and monitoring
truants.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
32
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
ROE/ISC Operations - to account for grant monies received for, and payment
of, assisting schools in all areas of school improvement.
WIA Youth Activities - to account for grant monies received for, and payment
of, a dropout recovery program to help low income youth, between the ages of
14 and 21, acquire the educational and occupational skills, training, and
support needed to achieve academic and employment success and successfully
transition to careers and productive adulthood.
Learning Technology Center - to account for monies from the State of Illinois
for expenditures incurred to establish a statewide support system for learning
technology.
Beginning Teachers Induction Pilot Program - to account for monies provided
by the State for support services efforts to mentor, professionally develop and
assess teaching practice for beginning teachers.
Reading First - to account for monies provided from the Federal Government
through a national initiative to improve reading in Kindergarten through grade
three. Reading First establishes a nation-wide commitment to support states
and local school districts in their efforts to improve the quality and
effectiveness of reading instructions for all students.
Gifted ROE #35 and Gifted ROE #43 - to account for monies provided by the
State of Illinois to serve the children and youth who give evidence of high
performance capability in areas such as intellectual, creative, artistic, or
leadership capability, or in specific academic fields, and who require services
or activities not ordinarily provided by the school in order to fully develop
such capabilities.
ARRA – Title I School Improvement – to account for monies provided by the
Federal Government for technical assistance in school improvement planning
and implementation for districts and schools, primarily schools year 2 and 1
academic status.
ARRA - Education Jobs Fund - to account for monies provided by the Federal
Government for the intended purpose of all the ARRA funds to save and
create jobs, as well as to improve education through four key education
reform areas:
Making progress toward rigorous college- and career-ready standards and
high quality assessments that are valid and reliable for all students,
including English Language learners and students with disabilities;
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
33
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Establishing Pre-K to college and career data systems that track progress
and foster continuous improvement;
Making improvements in teacher effectiveness and the equitable
distribution of qualified teachers for all students, particularly students who
are most in need; and
Providing intense support and effective interventions for the lowest-performing
schools.
System of Support - (Title I - School Improvement and Accountability) - to
account for grant monies received for, and payment of, expenditures to help
schools meet the No Child Left Behind initiative.
National School Breakfast Program - to account for funds received for, and
payment of, expenditures of the program for the school breakfast fund.
National School Lunch Program - to account for the grant monies received
for, and payment of, expenditures for the National School Lunch fund.
State Free Lunch & Breakfast Program - to account for the proceeds received
and expended in the operations of the free lunch and breakfast program.
Breakfast Incentive - to account for monies provided by the State for the goal
of increasing participation in school breakfast programs.
Institute - to account for the stewardship of the assets held in trust for the benefit
of teachers. Fees are collected from registration of teachers’ certificates of
qualification. Monies are expended to conduct teachers’ institutes, conferences,
and workshops. All funds generated remain restricted until expended only on the
aforementioned activities.
Nonmajor Special Revenue Funds - The ROE reported the following special
revenue funds as nonmajor governmental funds:
General Educational Development (GED) - to account for the administration
of the GED Testing Program. Revenues are received from testing and
diploma fees.
School Bus Driver Training - to account for the stewardship of the assets held
in trust in connection with the Bus Driver Training Program.
Annexation and Sales Petition - to account for fees collected for expenditures
incurred in publishing and filing petition requests.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
34
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Proprietary Fund Types
Proprietary funds are used to account for a government’s ongoing organizations and activities
that are similar to those often found in the private sector. All assets, liabilities, net assets,
revenues, expenses, and transfers relating to the government’s business activities in which
changes in net assets or cost recovery are measured, are accounted for through proprietary
funds (enterprise and internal service funds). Generally accepted accounting principles for
proprietary funds are similar to those applicable to businesses in the private sector; the
measurement focus is on determining operating income, financial position, and cash flows.
Enterprise Funds - to account for resources from fees charged directly to those entities or
individuals that use its services. The ROE reported the following enterprise funds as
major proprietary funds.
Workshop - to account for local revenues and disbursements related to various
workshops conducted by the ROE which are not accounted for in a separate fund.
LaSalle County Area Purchasing Coop - to account for maintenance of
cooperative purchasing program for the benefit of the ROE’s various school
districts and other surrounding counties’ school districts.
Discovery United Streaming Coop. - to account for local revenues received for
the digital video-on-demand service by Discovery Education and Learn 360.
Nonmajor Proprietary Funds - The ROE reported the following enterprise funds
as nonmajor proprietary funds:
Regional Safe School Meals - to account for local revenues and disbursements
for the children whose parents can afford to pay either a full or reduced cost of
meals.
American College Testing (ACT) Student Fees - to account for the fees and
local revenues received and related disbursements for the ACT program which
is designed to assess high school students’ general educational development
and their ability to complete college-level work.
Excellence in Education - to account for the fees and local revenues received
and related disbursements while performing activities related to the
Excellence in Education program.
Technology Local Fees - to account for revenues and expenses of Technology
funds.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
35
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Administrator’s Academy - to account for the fees and local revenues and
related expenses while performing activities for the Administrator’s Academy.
ParaPro – to account for the fees and local revenues received and related
disbursements for testing the proficiency of prospective teacher aids.
Criminal Background Investigation - to account for the assessments received
from the school districts to pay for the processing of background checks of
substitute teachers and expenditures incurred providing this service to the
school districts.
Fiduciary Fund Types
Fiduciary Funds are used to account for assets held by the ROE in a trustee capacity or as an
agent for individuals, private organizations, and/or other governments.
Agency Funds are custodial in nature and do not involve measurement of results of
operations. The amounts due to school districts and due to other governments are equal
to the assets. Agency Funds include Distributive, Payroll and
Marshall/Putnam/Woodford ROE No. 43’s Teacher Quality Grant.
Distributive - to account for funds received and disbursed as a result of the
Regional Superintendent’s responsibility to receive and distribute to treasurers of
school districts and other agencies, monies due to them from general State aid,
State categorical grants, and various other sources.
Payroll - to account for all payroll that is incurred. Any fund that has payroll
remits the money to the Payroll Fund, the Fund then pays the employee. This is
an administrating agent for the ROE’s payroll.
MPW’s - Teacher Quality Grant - to account for funds received and disbursed on
behalf of ROE No. 43 for this particular grant program.
F. Governmental Fund Balances
Fund Balance is the difference between assets and liabilities in a Governmental Fund. The
following types of fund balances may be presented in the Governmental Funds Balance Sheet
and Governmental Funds Combining Schedule of Accounts:
Nonspendable Fund Balance - the portion of a Governmental Fund’s net assets that are
not available to be spent, either short term or long term, in either form or through legal
restrictions. The nonspendable fund balance reported is for prepaid expenses from
General State Aid (in the General Fund) and ROE/ISC Operations (in the Education
Fund).
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
36
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Restricted Fund Balance - the portion of the Governmental Fund’s net assets that are
subject to external enforceable legal restrictions. The following accounts fund balances
are restricted by grant agreements, or contracts: National School Breakfast Program,
National School Lunch Program, and State Free Lunch & Breakfast Program The
following accounts fund balances are restricted by Illinois statute: Institute, General
Education Development, School Bus Driver Training, and Annexation and Sales
Petition.
Committed Fund Balance - the portion of a Governmental Fund’s net assets with self-imposed
constraints or limitations that have been placed at the highest level of decision
making. The ROE has no committed fund balances.
Assigned Fund Balance - the portion of a Governmental Fund’s net assets denoted for
an intended use of the resources. The accounts with assigned fund balances are
specified for a particular purpose by the Regional Superintendent. The following
accounts fund balances were assigned: RSSP Student, Principal Mentoring, and Title II
– Teacher Quality (from Schools).
Unassigned Fund Balance - available expendable financial resources in a governmental
fund that are not designated for a specific purpose. The accounts with unassigned fund
balances are: General, Hazard Safety Reimbursement, General State Aid, Regional Safe
Schools, Truants Alternative Programs, ROE/ISC Operations, Learning Technology
Center, Beginning Teachers Induction Pilot Program, and System of Support.
G. Revenues - Exchange and Non-exchange Transactions
Revenue resulting from exchange transactions, in which each party gives and receives
essentially equal value, is recorded on the accrual basis when the exchange takes place. On a
modified accrual basis, revenue is recorded in the fiscal year in which the resources are
measurable and become available.
Non-exchange transactions, in which the ROE receives value without directly giving value in
return, include grants and donations. On an accrual basis, revenue from grants and donations
is recognized in the fiscal year in which all eligibility requirements have been satisfied.
Eligibility requirements include timing requirements, which specify the year when the
resources are required to be used or the fiscal year when use is first permitted; matching
requirements, in which the ROE must provide local resources to be used for a specific
purpose; and expenditure requirements, in which the resources are provided to the ROE on a
reimbursement basis. On a modified accrual basis, revenue from non-exchange transactions
must be available before it can be recognized.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
37
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
H. Cash and Cash Equivalents
For presentation in the financial statements, investments with an original maturity of three
months or less at the time they are purchased by the ROE are considered to be cash
equivalents. Investments with original maturities of more than three months are reported as
investments.
I. Investments
The ROE’s established investment policy follows the State of Illinois Public Funds
Investment Act which authorizes the ROE to purchase certain obligations of the U.S.
Treasury, Federal agencies and instrumentalities; certificates of deposit and time deposits
covered by Federal depository insurance; commercial paper of U.S. corporations with assets
exceeding $500,000,000, if such paper is rated at the highest classification established by at
least two standard rating services; money market funds and the Illinois Funds.
J. Capital Assets
General capital assets result from expenditures in the governmental funds. These assets are
reported in the governmental activities column of the government-wide Statement of Net
Assets but are not reported in the fund financial statements.
Capital assets are recorded at cost at time of acquisition or fair value at the date of donation.
The ROE capitalizes items costing $5,000 or more and intangible assets costing $25,000 or
more. Depreciation is calculated on a straight-line basis over the estimated useful lives (five
to twenty years) of the respective assets.
K. Estimates
The preparation of financial statements in conformity with generally accepted accounting
principles requires management to make estimates and assumptions that affect certain
reported amounts and disclosures in the financial statements. Actual results could differ from
those estimates.
L. Budgets and Budgetary Accounting
The ROE did not formally adopt a budget for the year ended June 30, 2011 and is not legally
required to do so. The Illinois State Board of Education requires budgets for certain State
and Federal programs. These budgets were used to prepare Budgetary Comparison
Schedules for the following accounts within the Education Fund: McKinney Education for
Homeless Children, Regional Safe Schools, Truants Alternative Programs, ROE/ISC
Operations, Learning Technology Center, Beginning Teachers Induction Pilot Program,
Reading First, Gifted #35 and Gifted #43, and ARRA – Title I School Improvement.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
38
NOTE 2 - DEPOSITS AND INVESTMENTS
In the accompanying financial statements, certificates of deposit are reported as investments
because the original maturities of the certificates exceed 90 days. For risk disclosure purposes,
those certificates are deposits. The money market accounts described below are reported as cash
equivalents in the accompanying financial statements. For risk disclosure purposes, the money
market accounts are investments.
Deposits
The ROE utilizes several different bank accounts for its various activities. The book
balance of such accounts is $843,154 at June 30, 2011, while the bank balance was $928,454.
The difference between the above amounts primarily represents checks that have been issued but
have not yet cleared the bank as of June 30, 2011. Of the total bank balance as of June 30, 2011,
$524,617 was insured by Federal depository insurance, $384,142 was collateralized by securities
pledged by the ROE’s financial institution that were held by the financial institution’s agent but
not in the name of the ROE, and $19,695 was uncollateralized.
Investments
As of June 30, 2011, the ROE had investments with carrying and fair values as follows:
Investment Type
Carrying
Amount Fair Value
Illinois Funds Money Market $ 21,761 $ 21,761
Illinois Funds Money Market 5 5
$ 21,766 $ 21,766
Credit Risk
At June 30, 2011, the Illinois Funds Money Market Fund had a Standard and Poor’s AAAm
rating. The pool is audited annually by an outside independent auditor and copies of the report
are distributed to participants. Although not subject to direct regulatory oversight, the fund is
administered by the Illinois State Treasurer in accordance with the provisions of the Illinois
Public Funds Investments Act, 30 ILCS 235.
Interest Rate Risk
The Illinois Funds Money Market Fund, created by the Illinois General Assembly, enables
custodians of public funds an investment option with a competitive rate of return on investments
and while maintaining immediate access to the funds. The investment policy of the Illinois
Funds Money Market Funds states that a minimum of 75% of its investments shall have less than
one-year maturity and no investment shall exceed two years maturity.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
39
NOTE 3 - CAPITAL ASSETS
A summary of changes in capital assets for the year ended June 30, 2011 is as follows:
Balance
July 1, 2010 Additions Retirements
Balance
June 30, 2011
Equipment $ 20,966 $ - $ - $ 20,966
Less: accumulated depreciation 20,966 - - 20,966
Capital assets, net $ - $ - $ - $ -
NOTE 4 - DUE FROM (TO) OTHER GOVERNMENTAL UNITS
The ROE’s Governmental, Proprietary, and Fiduciary Funds have funds due from/to the
following government agencies:
DUE FROM OTHER GOVERNMENTAL UNITS
Boone/Winnebago Counties Regional Office of Education No. 4 $ 56,927
Bureau/Henry/Stark Regional Office of Education No. 28 5
Woodford County 2,466
Illinois State Board of Education 287,568
Local school districts 4,614
State of Illinois 340
Total $ 351,920
DUE TO OTHER GOVERNMENTAL UNITS
Local school districts $ 34,082
Local school districts (Fiduciary funds) 19,538
Total $ 53,620
NOTE 5 - INTERFUND TRANSACTIONS
(a) Transfers From/To Other Funds
The composition of interfund transfers for the year ended June 30, 2011 is as follows:
Fund Transfers-in Transfers-out
Education Fund – ROE/ISC Operations $ 43,563 $ -
General Fund - Title II Teacher Quality (from Schools) - 9,325
Proprietary Funds – Workshop 9,325 43,563
Total $ 52,888 $ 52,888
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
40
NOTE 5 - INTERFUND TRANSACTIONS
(b) Due From/To Other Funds
The following is a summary of amounts due from/to other funds as of June 30, 2011:
Fund Due From Due To
ROE/ISC Operations $ - $ 56,730
Regional Safe Schools - 48,054
Truants Alternative Programs - 42,947
WIA Youth Activities - 6,882
Learning Technology Center - 23,371
Beginning Teachers Induction Pilot Program - 36,742
ARRA - Title 1 School Improvement - 74,915
System of Support - 13,056
General State Aid 302,697 -
Total $ 302,697 $ 302,697
These interfund loans were necessitated by the State not timely paying its obligations to the ROE (or
other entities which in turn paid the ROE). Each of these interfund loans were repaid by the end of
September 2011.
NOTE 6 - RETIREMENT PLANS
The ROE’s employees are covered under the Illinois Municipal Retirement Fund. Contributions
to the Fund are made by the ROE through grant monies on behalf of the ROE staff employees
and grant coordinators. Employees paid by LaSalle County also participate in the Illinois
Municipal Retirement Fund and those contributions are paid by LaSalle County. Participation is
required for all ROE employees who:
a. Occupy a job normally requiring 1,000 hours or more per year or 600 hours or more per year
for employees who worked for any IMRF employer prior to January 1, 1982;
b. Are paid on a regular payroll from County or ROE funds;
c. Were under age sixty when first entering employment; and
d. Are not covered by another State created retirement system for the same service.
Employees not qualifying above are considered as “nonparticipating employees” and are covered
under Social Security.
The Regional Superintendent and Assistant Regional Superintendent of the ROE are paid by the
State of Illinois and participate in the Teachers Retirement System.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
41
NOTE 6 - RETIREMENT PLANS (continued)
Illinois Municipal Retirement Fund
Plan Description
The ROE’s defined benefit pension plan for regular employees provides retirement and disability
benefits, post retirement increases, and death benefits to plan members and beneficiaries. The
ROE’s plan is affiliated with the Illinois Municipal Retirement Fund (IMRF), an agent multiple-employer
plan. Benefit provisions are established by statute and may only be changed by the
General Assembly of the State of Illinois. IMRF issues a publicly available financial report that
includes financial statements and required supplementary information. The report may be
obtained on-line at www.imrf.org.
Funding Policy
As set by statute, the ROE’s Regular plan members are required to contribute 4.50% of their
annual covered salary. The statutes require employers to contribute the amount necessary, in
addition to member contributions, to finance the retirement coverage of its own employees. The
employer contribution rate for calendar year 2010 was 11.75%. The ROE also contributes for
disability benefits, death benefits and supplemental retirement benefits, all of which are pooled at
the IMRF level. Contribution rates for disability and death benefits are set by the IMRF Board
of Trustees, while the supplemental retirement benefits rate is set by statute.
Annual Pension Cost
The required contribution for calendar year 2010 was $40,831
THREE - YEAR TREND INFORMATION
Calendar Year
Ending
Annual Pension
Cost (APC)
Percentage of
APC Contributed
Net Pension
Obligation
12/31/10 $ 40,831 100% $ -
12/31/09 27,896 100% -
12/31/08 27,054 100% -
The required contribution for 2010 was determined as part of the December 31, 2008 actuarial
valuation using the entry age normal actuarial cost method. The actuarial assumptions at
December 31, 2008 included (a) 7.50% investment rate of return (net of administrative and direct
investment expenses), (b) projected salary increases of 4.00% a year, attributable to inflation, (c)
additional projected salary increases ranging from 0.4% to 10% per year depending on age and
service, attributable to seniority/merit, and (d) post retirement benefit increases of 3% annually.
The actuarial value of the ROE’s Regular plan assets was determined using techniques that
spread the effects of short-term volatility in the market value of investments over a five-year
period with a 20% corridor between the actuarial and market value of assets. The ROE’s
Regular plan’s unfunded actuarial accrued liability at December 31, 2008 is being amortized as a
level percentage of projected payroll on an open 10 year basis.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
42
NOTE 6 - RETIREMENT PLANS (continued)
Funded Status and Funding Progress
As of December 31, 2010, the most recent actuarial valuation date, the regular plan was 89.93
percent funded. The actuarial accrued liability for benefits was $756,519 and the actuarial value
of assets was $680,371, resulting in an underfunded actuarial accrued liability (UAAL) of
$76,148. The covered payroll for the calendar year 2010 (annual payroll of active employees
covered by the plan) was $347,496 and the ratio of the UAAL to the covered payroll was 22
percent.
The schedule of funding progress, presented as RSI following the notes to the financial
statements, presents multiyear trend information about whether the actuarial value of plan assets
is increasing or decreasing over time relative to the actuarial accrued liability for benefits.
Teachers’ Retirement System of the State of Illinois
The ROE participates in the Teachers’ Retirement System of the State of Illinois (TRS). TRS is
a cost-sharing multiple-employer defined benefit pension plan that was created by Illinois
legislature for the benefit of Illinois public school teachers employed outside the city of Chicago.
The Illinois Pension Code outlines the benefit provisions of TRS, and amendments to the plan
can be made only by legislative action with the Governor’s approval. The State of Illinois
maintains the primary responsibility for funding the plan, but contributions from participating
employers and members are also required. The TRS Board of Trustees is responsible for the
system’s administration.
TRS members include all active nonannuitants who are employed by a TRS-covered employer to
provide services for which teacher certification is required. The active member contribution rate
for the year ended June 30, 2011, was 9.4 percent of creditable earnings. The same contribution
rate applies to members whose first contributing service is on or after Jan. 1, 2011, the effective
date of the benefit changes contained in Public Act 96-0889. These contributions, which may be
paid on behalf of employees by the employer, are submitted to TRS by the employer. The active
member contribution rate was also 9.4 percent for the years ended June 30, 2010 and 2009.
The state of Illinois makes contributions directly to TRS on behalf of the ROE’s TRS-covered
employees.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
43
NOTE 6 - RETIREMENT PLANS (continued)
 On-behalf Contributions to TRS. The State of Illinois makes employer pension
contributions on behalf of the ROE. For the year ended June 30, 2011, the State of Illinois
contributions were based on 23.10 percent of creditable earnings not paid from federal funds,
and the ROE recognized revenue and expenditures of $53,666 in pension contributions that
the State of Illinois paid directly to TRS. For the years ended June 30, 2010 and June 30,
2009, the State of Illinois contribution rates as percentages of creditable earnings not paid
from federal funds were 23.38 percent ($59,524) and 17.08 percent ($38,154) respectively.
 The ROE makes other types of employer contributions directly to TRS.
 2.2 Formula Contributions. Employers contribute 0.58 percent of total creditable earnings
for the 2.2 formula change. This rate is specified by statute. Contributions for the year
ended June 30, 2011 were $1,439 . Contributions for the years ended June 30, 2010, and June
30, 2009, were $1,500 and $1,296, respectively.
 Federal and Special Trust Fund Contributions. When TRS members are paid from
federal and special trust funds administered by the ROE, there is a statutory requirement for
the ROE to pay an employer pension contribution from those funds. Under a policy adopted
by the TRS Board of Trustees that was first effective in the fiscal year ended June 30, 2006,
employer contributions for employees paid from federal and special trust funds will be the
same as the state contribution rate to TRS.
For the year ended June 30, 2011, the employer pension contribution was 23.10 percent of
salaries paid from federal and special trust funds. For the year ended June 30, 2010 and
2009, the employer contribution was 23.38 and 17.08 percent of salaries paid from federal
and special trust funds, respectively. For the year ended June 30, 2011, salaries totaling
$15,757 were paid from federal and special trust funds that required employer contributions
of $3,640. For the years ended June 30, 2010 and June 30, 2009, required ROE contributions
were $952 and $1,549, respectively.
 Early Retirement Option (ERO). The ROE is also required to make one-time employer
contributions to TRS for members retiring under the Early Retirement Option (ERO). The
payments vary depending on the age and salary of the member.
The maximum employer ERO contribution is 117.5 percent and applies when the member is
age 55 at retirement.
For the year ended June 30, 2011, the ROE paid $0 to TRS for employer contributions under
the ERO programs. For the years ended June 30, 2010 and 2009, the ROE paid $0 in
employer ERO contributions.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
44
NOTE 6 - RETIREMENT PLANS (continued)
 Salary Increases Over 6 Percent and Excess Sick Leave.
 If an employer grants salary increases over 6 percent and those salaries are used to
calculate a retiree’s final average salary, the employer makes a contribution to TRS. The
contribution will cover the difference in actuarial cost of the benefit based on actual
salary increases and the benefit based on salary increases of up to 6 percent.
For the year ended June 30, 2011, the ROE paid $0 to TRS for employer contributions
due on salary increases in excess of 6 percent. For the years ended June 30, 2010 and
June 30, 2009, the ROE did not have any payments to TRS for employer contributions
due on salary increases in excess of 6 percent.
 If an employer grants sick leave days in excess of the normal annual allotment and those
days are used as TRS service credit, the employer makes a contribution to TRS. The
contribution is based on the number of excess sick leave days used as service credit, the
highest salary used to calculate final average salary, and the TRS total normal cost rate
(18.03 percent of salary during the year ended June 30, 2011 as recertified pursuant to
Public Act 96-1511).
For the year ended June 30, 2011, the ROE paid $0 to TRS for sick leave days granted in
excess of the normal annual allotment. For the years ended June 30, 2010 and June 30,
2009, the ROE did not have any payments to TRS for sick leave days granted in excess of
the normal annual allotment.
TRS financial information, an explanation of TRS’ benefits, and descriptions of member,
employer and State funding requirements can be found in the TRS Comprehensive Annual
Financial Report for the year ended June 30, 2010. The report for the year ended June 30, 2011
is expected to be available in late 2011.
The reports may be obtained by writing to the Teachers’ Retirement System of the State of
Illinois, 2815 West Washington Street, Springfield, IL 62794-9253. The most current report is
also available on the TRS web site at trs.illinois.gov.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
45
NOTE 7 - OTHER POSTEMPLOYMENT BENEFITS
 Plan Description
In addition to providing the pension benefits described, the Roe provides
postemployment health care benefits (OPEB) for retired employees through a single
employer defined benefit plan. The benefits, benefit levels, employee contributions and
employer contributions are governed by the ROE and can be amended by the ROE
through its personnel manual, except for the implicit subsidy which is governed by the
State Legislature and Illinois Compiled Statutes. The plan is not accounted for as a trust
fund, as an irrevocable trust has not been established to account for the plan. The plan
does not issue a separate report. The activity of the plan is reported in the ROE
governmental funds.
 Benefits Provided
The ROE provides continued health insurance coverage at the blended employer rate to
all eligible retirees in accordance with the Illinois Compiled Statutes, which creates an
implicit subsidy of retiree health insurance. To be eligible for benefits, an employee must
qualify for retirement under the ROE retirement plan. Upon a retiree reaching age 65
years of age, Medicare becomes the primary insurer and the retiree is no longer eligible to
participate in the plan, but can purchase a Medicare supplement plan from the ROE’s
insurance provider.
 Membership
At July 1, 2010 membership consisted of:
Retirees and Beneficiaries Currently Receiving Benefits -
Terminated Employees Entitled
to Benefits but not yet Receiving Them -
Active Employees 2
TOTAL 2
Participating Employers 1
 Funding Policy
The ROE is not required to and currently does not advance fund the cost of benefits that
will become due and payable in the future. Active employees do not contribute to the
plan until retirement. Retirees are responsible for paying their own premiums.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
46
NOTE 7 - OTHER POSTEMPLOYMENT BENEFITS (continued)
 Annual OPEB Costs and Net OPEB Obligation
The ROE first had an actuarial valuation performed for the plan as of July 1, 2009 to
determine the funded status of the plan as of that date as well as the employer’s annual
required contribution (ARC) for the fiscal year ended June 30, 2010. The ROE’s annual
OPEB cost (expense) $1,077 is $1 more than the ARC for the fiscal year. The ROE’s
annual OPEB cost, the percentage of annual OPEB cost contributed to the plan and the
net OPEB obligation for fiscal year 2011 were as follows (information for the year
ending June 30, 2009 is not available as an actuarial valuation was performed for the first
time as of July 1, 2009):
Fiscal
Year
Ended
Annual
OPEB
Cost
Employer
Contributions
Percentage of
Annual OPEB
Cost
Contributed
Net OPEB
Obligation
June 30, 2011 $ 1,077 $ 71 7% $ 1,990
June 30, 2010 $ 1,008 $ 24 2% $ 984
The net OPEB obligation as of July 1, 2010, was calculated as follows:
Annual Required Contribution $ 1,076
Interest on Net OPEB Obligation 39
Adjustment to Annual Required Contribution (38)
Annual OPEB Cost 1,077
Contributions Made 71
Increase in Net OPEB Obligation 1,006
Net OPEB Obligation Beginning of Year 984
Net OPEB Obligation at End of Year $ 1,990
 Funded Status and Funding Progress.
The funded status of the plan as of July 1, 2010 was as follows:
Actuarial Accrued Liability (AAL) $ 8,976
Actuarial Value of Plan Assets -
Unfunded Actuarial Accrued Liability (UAAL) 8,976
Funded Ratio (Actuarial Value of Plan Assets/AAL) 0.0%
Covered Payroll (Active Plan Members) $ 97,676
UAAL as a Percentage of Covered Payroll 9.2%
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
47
NOTE 7 - OTHER POSTEMPLOYMENT BENEFITS (continued)
Actuarial valuations of an ongoing plan involve estimates of the value of reported
amounts and assumptions about the probability of occurrence of events far into the future.
Examples include assumptions about future employment, mortality and the healthcare
cost trend. Amounts determined regarding the funded status of the plan and the annual
required contributions of the employer are subject to continual revision as actual results
are compared with past expectations and new estimates are made about the future. The
schedule of funding progress, presented as required supplementary information following
the notes to the financial statements, presents multi-year trend information that shows
whether the actuarial value of the plan assets is increasing or decreasing over time
relative to the actuarial accrued liabilities for benefits.
Actuarial Methods and Assumptions - Projections of benefits for financial reporting
purposes are based on the substantive plan (the plan as understood by the employer and
plan members) and include the types of benefits provided at the time of each valuation
and the historical pattern of sharing of benefit costs between the employer and plan
members to that point. The actuarial methods and assumptions used include techniques
that are designed to reduce short-term volatility in actuarial accrued liabilities and the
actuarial value of assets, consistent with the long-term perspective of the calculations.
In the July 1, 2009, actuarial valuation, the unit credit cost method was used. The
actuarial assumptions included a discount rate of 4.00% and an initial healthcare cost
trend rate of 11.00% with a ultimate healthcare inflation rate of 5.00% increase for 2019
and later years. Both rates include a 3.00% inflation assumption. The actuarial value of
assets was not determined as the ROE has not advance funded its obligation. The plan’s
unfunded actuarial accrued liability is being amortized using a closed, level dollar
method. The remaining amortization period at July 1, 2009 was 30 years.
Teacher Health Insurance Security Fund
The ROE also participates in the Teacher Health Insurance Security (THIS) Fund, a cost-sharing,
multiple-employer defined benefit postemployment healthcare plan that was established by the
Illinois legislature for the benefit of Illinois public school teachers employed outside the city of
Chicago. The THIS Fund provides medical, prescription, and behavioral health benefits, but
does not provide vision, dental, or life insurance benefits to annuitants of the Teachers’
Retirement System (TRS). Annuitants may participate in the State administered participating
provider option plan or choose from several managed care options.
The State Employees Group Insurance Act of 1971 (5 ILCS 375) outlines the benefit provisions
of THIS Fund and amendments to the plan can be made only by legislative action with the
Governor’s approval. The Illinois Department of Healthcare and Family Services (HFS) and the
Illinois Department of Central Management Services (CMS) administer the plan with the
cooperation of TRS. The director of the HFS determines the rates and premiums for annuitants
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
48
NOTE 7 - OTHER POSTEMPLOYMENT BENEFITS (continued)
and dependent beneficiaries and establishes the cost-sharing parameters. Section 6.6 of the State
Employees Group Insurance Act of 1971 requires all active contributors to the TRS who are not
employees of the State make a contribution to THIS.
The percentage of employer required contributions in the future will be determined by the
director of Healthcare and Family Services and will not exceed 105 percent of the percentage of
salary actually required to be paid in the previous fiscal year.
 On behalf contributions to THIS Fund
The state of Illinois makes employer retiree health insurance contributions on behalf of
the ROE. State contributions are intended to match contributions to THIS Fund from
active members which were 0.88 percent of pay during the year ended June 30, 2011.
State of Illinois contributions were $2,183, and the ROE recognized revenue and
expenditures of this amount during the year.
State contributions intended to match active member contributions during the year ended
June 30, 2010 was .84 percent of pay. State contributions on behalf of the ROE
employees were $2,173. Had the ROE recognized revenue and expenditures for State
contributions intended to match active member contributions during the year ended June
30, 2009 under the current standards, the contribution match would have been .84 percent
of pay or $1,876.
 Employer contributions to THIS Fund
The ROE also makes contributions to THIS Fund. The employer THIS Fund
contribution was 0.66 percent during the years ended June 30, 2011, and 0.63 percent for
the years ended June 30, 2010 and June 30, 2009. For the year ended June 30, 2011, the
ROE paid $1,637 to the THIS Fund. For the years ended June 30, 2010 and June 30,
2009, the ROE paid $1,630 and $1,407 to the THIS Fund, respectively, which was 100
percent of the required contributions.
Further information on THIS Fund
The publicly available financial report of the THIS Fund may be obtained by writing to
the Department of Healthcare and Family Services, 201 S. Grand Ave., Springfield, IL
62763-3838.
NOTE 8 - COMMON BANK ACCOUNT
The ROE maintains several bank accounts. The various funds of the ROE are comingled in
these accounts but accounted for in separate funds.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
49
NOTE 9 - INTEREST ON DISTRIBUTIVE FUND
Interest earned on distributive fund receipts is transferred after the end of each fiscal year to the
General Fund by the written consent of all affected school boards and other entities. The funds
are utilized by the Regional Superintendent to purchase computer equipment, develop in-service
activities and other innovative programs, as well as assist with the necessary operating expenses
of the ROE office.
NOTE 10 – ON-BEHALF PAYMENTS FOR SALARIES AND BENEFITS
The salaries and benefits of the Superintendent and Assistant Superintendent of the ROE are paid
for by the State of Illinois. Teachers Retirement System (TRS) contributions for the
Superintendent, Assistant Superintendent, and qualifying employees of the ROE are paid by the
State of Illinois, in accordance with applicable State of Illinois Law.
The breakdown of the State of Illinois on-behalf payments is as follows:
Regional Superintendent salary $ 100,762
Regional Superintendent benefits
(includes State paid insurance) 20,944
Assistant Regional Superintendent salary 83,129
Assistant Regional Superintendent benefits
(includes State paid insurance) 4,834
TRS & THIS contributions 98,328
Total on-behalf payments $ 307,997
Salary and benefit data for the Regional Superintendent and the Assistant Regional
Superintendent were calculated based on data provided by the Illinois State Board of Education.
One coordinator and seven teachers’ salaries and benefits were paid by the ROE. The State
made contributions of $53,666 to TRS on-behalf of those employees. The State also made
contributions of $2,183 to THIS on-behalf of those employees. Those amounts have been
included above as “TRS & THIS contributions”.
Salaries and benefits of five ROE employees are paid for by LaSalle County. There are two
Truant Officers and three clerical personnel.
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2011
50
NOTE 10 – ON-BEHALF PAYMENTS FOR SALARIES AND BENEFITS (continued)
The breakdown of the LaSalle County on-behalf payments is as follows:
Truant Officer salaries $ 82,626
Truant Officer benefits 39,215
Clerical salaries 105,372
Clerical benefits 53,363
Total on-behalf payments $ 280,576
Salary and benefit data for the Truant Officers and the clerical staff were calculated based on
data provided by LaSalle County Board.
NOTE 11 – NEGATIVE FUND BALANCES
The negative fund balances in Truants Alternative Programs, Regional Safe Schools, Learning
Technology Center, Beginning Teachers Induction Pilot Program, and the ROE/ISC Operation
programs will be resolved when the State of Illinois pays their contracted amounts to the ROE.
The negative fund balance in System of Support will be resolved when Boone/Winnebego
Regional Office of Education No. 4 pays their contracted amount to the ROE. Each of these
deficits were the result of revenue that was deferred due to failure to meet the availability
criteria.
NOTE 12 – PRIOR PERIOD ADJUSTMENT
On July 1, 2010 the ROE adopted GASB Statement No. 54. This standard required the ROE to
reclassify certain accounts within its governmental funds in order to comply with requirements
of the standard. This standard also required the ROE to apply the provisions retroactively by
restating the fund balance for all prior periods presented. The following accounts and their fund
balances were reclassified from the funds indicated:
June 30, 2010
Account
Fund Balance
Amount From Fund To Fund
ROE/ISC Operations $ (40,886) General Fund Education Fund
RSSP Student 1,200 Education Fund General Fund
Principal Mentoring 4,475 Education Fund General Fund
Title II – Teacher Quality (from
Schools) 20,695 Education Fund General Fund
Hazard Safety Reimbursement 1,460 Education Fund General Fund
General State Aid 322,628 Education Fund General Fund
REQUIRED SUPPLEMENTARY INFORMATION
(OTHER THAN MANAGEMENT’S DISCUSSION AND ANALYSIS)
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
REQUIRED SUPPLEMENTARY INFORMATION
JUNE 30, 2011
51
ILLINOIS MUNICIPAL RETIREMENT FUND
SCHEDULE OF FUNDING PROGRESS
Actuarial
Valuation
Date
Actuarial
Value of
Assets
(a)
Actuarial
Accrued
Liability
(AAL)
Entry
Age (b)
Unfunded
AAL
(UAAL)
(b-a)
Funded
Ratio
(a/b)
Covered
Payroll
(c)
UAAL as a
Percentage
of Covered
Payroll
((b-a)/c)
12/31/10 $ 680,371 $ 756,519 $ 76,148 89.93% $ 347,496 21.91%
12/31/09 $ 601,661 $ 711,466 $ 109,805 84.57% $ 353,119 31.10%
12/31/08 $ 536,889 $ 626,432 $ 89,543 85.71% $ 348,191 25.72%
OTHER POSTEMPLOYMENT BENEFITS
SCHEDULE OF FUNDING PROGRESS
Actuarial
Valuation
Date
Actuarial
Value of
Assets
(a)
Actuarial
Accrued
Liability
(AAL)
Entry
Age (b)
Unfunded
AAL
(UAAL)
(b-a)
Funded
Ratio
(a/b)
Covered
Payroll
(c)
UAAL as a
Percentage
of Covered
Payroll
((b-a)/c)
7/1/10 $ - $ 8,976 $ 8,976 0.00% 97,676 9.20%
7/1/09 $ - $ 6,985 $ 6,985 0.00% 96,426 7.24%
SUPPLEMENTARY INFORMATION
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35 SCHEDULE 1
GENERAL FUND
COMBINING SCHEDULE OF ACCOUNTS
JUNE 30, 2011
General
RSSP
Student
Principal
Mentoring
Title II - Teacher
Quality (from
Schools)
Hazard Safety
Reimbursment
General State
Aid Total
ASSETS
Cash and cash equivalents $ 84,085 $ - $ 3 ,202 $ 31,365 $ 1,462 $ 36,265 $ 156,379
Investments 221,284 - - - - - 221,284
Accounts receivable 261 - 1,500 - - - 1,761
Prepaid expenses - - - - - 951 951
Due from other funds - - - - - 302,697 302,697
Due from other governmental units - 600 - - - 44 644
TOTAL ASSETS $ 305,630 $ 600 $ 4 ,702 $ 31,365 $ 1,462 $ 339,957 $ 683,716
LIABILITIES AND FUND BALANCES
LIABILITIES
Accounts payable and accrued expenses $ 588 $ - $ - $ 83 $ - $ 1 3,473 $ 1 4,144
Deferred revenues - - 1,500 - - - 1,500
Total liabilities 588 - 1,500 83 - 1 3,473 15,644
FUND BALANCES
Nonspendable - - - - - 951 951
Assigned - 600 3,202 31,282 - - 35,084
Unassigned 305,042 - - - 1,462 325,533 632,037
Total Fund Balance 305,042 600 3,202 31,282 1,462 326,484 668,072
TOTAL LIABILITIES AND FUND BALANCES $ 305,630 $ 600 $ 4 ,702 $ 31,365 $ 1,462 $ 339,957 $ 683,716
52
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35 SCHEDULE 2
GENERAL FUND ACCOUNTS
COMBINING SCHEDULE OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2011
General
RSSP
Student
Principal
Mentoring
Title II - Teacher
Quality (from
Schools)
Hazard Safety
Reimbursement
General
State Aid Total
REVENUES
State sources $ - $ - $ - $ - $ - $ 266,345 $ 266,345
Local sources
Fees for services 9,371 46,800 860 29,610 - 147 86,788
Interest 9,342 5 2 30 2 1,318 10,699
Total revenues 18,713 46,805 862 29,640 2 267,810 363,832
EXPENDITURES
Salaries 3,019 38,101 - 1,408 - 166,546 209,074
Benefits 559 9,304 - 273 - 40,454 50,590
Purchased services 12,346 - 2,135 1,557 - 49,735 65,773
Supplies and materials 5,690 - - - - 5,428 11,118
Capital expenditures - - - - - 515 515
Miscellaneous 4,488 - - - - 506 4,994
Payments to other governmental units 4,000 - - 6,490 - 770 11,260
Total expenditures 30,102 47,405 2,135 9,728 - 263,954 353,324
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER)
EXPENDITURES (11,389) (600) (1,273) 19,912 2 3,856 10,508
OTHER FINANCING USES
Transfers out - - - (9,325) - - (9,325)
EXCESS (DEFICIENCY) OF REVENUES AND OTHER
FINANCING USES OVER (UNDER) EXPENDITURES (11,389) (600) (1,273) 10,587 2 3,856 1,183
FUND BALANCES, BEGINNING OF YEAR 316,431 1,200 4,475 20,695 1,460 322,628 666,889
FUND BALANCES, END OF YEAR $ 305,042 $ 600 $ 3 ,202 $ 31,282 $ 1,462 $ 326,484 $ 668,072
53
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
EDUCATION FUND
COMBINING SCHEDULE OF ACCOUNTS
JUNE 30, 2011
SCHEDULE 3
McKinney
Education for
Homeless
Children
Regional Safe
Schools
Truants
Alternative
Programs
ROE/ISC
Operations
WIA Youth
Activities
Learning
Technology
Center
Beginning
Teachers
Induction Pilot
Program
Cash and cash equivalents $ - $ - $ - $ - $ - $ - $ -
Accounts receivable - - - 139 6,882 - -
Prepaid expenses - - - 2,340 - - -
Due from other governmental units - 48,054 42,947 55,806 - 23,371 36,977
TOTAL ASSETS $ - $ 48,054 $ 42,947 $ 58,285 $ 6,882 $ 23,371 $ 36,977
LIABILITIES
Accounts payable and accrued expenses $ - $ - $ - $ 934 $ - $ - $ 235
Due to other funds - 48,054 42,947 56,730 6,882 23,371 36,742
Due to other governmental units - - - - - - -
Deferred revenues - 16,018 13,501 18,602 - 7,795 27,977
Total liabilities - 64,072 56,448 76,266 6,882 31,166 64,954
FUND BALANCES (DEFICIT)
Nonspendable - - - 2,340 - - -
Restricted - - - - - - -
Unassigned - (16,018) (13,501) (20,321) - (7,795) (27,977)
Total Fund Balances (Deficit) - (16,018) (13,501) (17,981) - (7,795) (27,977)
TOTAL LIABILITIES AND FUND BALANCES $ - $ 48,054 $ 42,947 $ 58,285 $ 6,882 $ 23,371 $ 36,977
LIABILITIES AND FUND BALANCES
ASSETS
54
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
EDUCATION FUND
COMBINING SCHEDULE OF ACCOUNTS
JUNE 30, 2011
Cash and cash equivalents
Accounts receivable
Prepaid expenses
Due from other governmental units
TOTAL ASSETS
LIABILITIES
Accounts payable and accrued expenses
Due to other funds
Due to other governmental units
Deferred revenues
Total liabilities
FUND BALANCES (DEFICIT)
Nonspendable
Restricted
Unassigned
Total Fund Balances (Deficit)
TOTAL LIABILITIES AND FUND BALANCES
LIABILITIES AND FUND BALANCES
ASSETS
SCHEDULE 3
(CONTINUED)
Reading First Gifted ROE #35 Gifted ROE #43
ARRA - Title 1
School
Improvement
ARRA - Ed Jobs
Fund Program
System of
Support
National School
Breakfast
Program
$ - $ - $ - $ - $ - $ - $ 95
- - - - - - -
- - - - - - -
- - - 82,670 - 56,927 -
$ - $ - $ - $ 82,670 $ - $ 56,927 $ 95
$ - $ - $ - $ 7,500 $ - $ 5,123 $ -
- - - 74,915 - 13,056 -
- - - 255 - 33,607 -
- - - - - 15,529 -
- - - 82,670 - 67,315 -
- - - - - - -
- - - - - - 95
- - - - - (10,388) -
- - - - - (10,388) 95
$ - $ - $ - $ 82,670 $ - $ 56,927 $ 95
55
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
EDUCATION FUND
COMBINING SCHEDULE OF ACCOUNTS
JUNE 30, 2011
Cash and cash equivalents
Accounts receivable
Prepaid expenses
Due from other governmental units
TOTAL ASSETS
LIABILITIES
Accounts payable and accrued expenses
Due to other funds
Due to other governmental units
Deferred revenues
Total liabilities
FUND BALANCES (DEFICIT)
Nonspendable
Restricted
Unassigned
Total Fund Balances (Deficit)
TOTAL LIABILITIES AND FUND BALANCES
LIABILITIES AND FUND BALANCES
ASSETS
SCHEDULE 3
(CONTINUED)
National School
Lunch Program
State Free
Lunch &
Breakfast
Program
Breakfast
Incentive Total
$ 441 $ - $ 14 $ 550
- - - 7,021
- - - 2,340
- 209 - 346,961
$ 441 $ 209 $ 14 $ 356,872
$ - $ - $ - $ 13,792
- - - 302,697
- - - 33,862
- - - 99,422
- - - 449,773
- - - 2,340
441 209 14 759
- - - (96,000)
441 209 14 (92,901)
$ 441 $ 209 $ 14 $ 356,872
56
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
EDUCATION FUND ACCOUNTS
COMBINING SCHEDULE OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2011
SCHEDULE 4
McKinney
Education for
Homeless
Children
Regional Safe
Schools
Truants
Alternative
Programs
ROE/ISC
Operations
WIA - Youth
Activities
Learning
Technology
Center
Beginning
Teachers
Induction Pilot
Program
REVENUES
Federal sources $ 27,221 $ - $ - $ - $ 27,182 $ - $ -
State sources - 132,700 101,065 133,905 - 59,881 74,471
Local sources
Fees for services - - 16,466 - - - -
Interest 3 - 1 - - - -
On-behalf payments - 39,366 121,840 427,268 99 - -
Total revenues 27,224 172,066 239,372 561,173 27,281 59,881 74,471
EXPENDITURES
Salaries 4,537 75,015 74,324 91,097 23,236 12,329 13,837
Benefits 882 18,578 22,641 17,115 3,189 2,394 2,405
Purchased services 20,805 860 453 39,957 421 22,253 49,427
Supplies and materials 1,000 1,656 - 2,822 336 585 17,329
Capital expenditures - - - 756 - 5,280 -
Miscellaneous - - - 2,816 - - -
Payments to other governmental units - - - - - - -
On-behalf payments - 39,366 121,840 427,268 99 - -
Total expenditures 27,224 135,475 219,258 581,831 27,281 42,841 82,998
EXCESS (DEFICIENCY) OF REVENUES OVER
EXPENDITURES - 36,591 20,114 (20,658) - 17,040 (8,527)
OTHER FINANCING SOURCES
Transfers in - - - 43,563 - - -
EXCESS (DEFICIENCY) OF REVENUES OVER
EXPENDITURES AND OTHER FINANCING USES - 36,591 20,114 22,905 - 17,040 (8,527)
FUND BALANCES (DEFICIT) , BEGINNING OF YEAR - (52,609) (33,615) (40,886) - (24,835) (19,450)
FUND BALANCES (DEFICIT), END OF YEAR $ - $ (16,018) $ (13,501) $ (17,981) $ - $ (7,795) $ (27,977)
57
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
EDUCATION FUND ACCOUNTS
COMBINING SCHEDULE OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2011
REVENUES
Federal sources
State sources
Local sources
Fees for services
Interest
On-behalf payments
Total revenues
EXPENDITURES
Salaries
Benefits
Purchased services
Supplies and materials
Capital expenditures
Miscellaneous
Payments to other governmental units
On-behalf payments
Total expenditures
EXCESS (DEFICIENCY) OF REVENUES OVER
EXPENDITURES
OTHER FINANCING SOURCES
Transfers in
EXCESS (DEFICIENCY) OF REVENUES OVER
EXPENDITURES AND OTHER FINANCING USES
FUND BALANCES (DEFICIT) , BEGINNING OF YEAR
FUND BALANCES (DEFICIT), END OF YEAR
SCHEDULE 4
(CONTINUED)
Reading First Gifted ROE #35 Gifted ROE #43
ARRA - Title 1
School
Improvement
ARRA - Ed
Jobs Fund
Program
System of
Support
National School
Breakfast
Program
$ 2,243 $ - $ - $ 1 20,000 $ 24,251 $ 157,791 $ 6,978
- 22,883 18,520 - - - -
- - - - - - -
- 2 3 2 - 2 -
- - - - - - -
2,243 22,885 18,523 1 20,002 24,251 157,793 6,978
- 7,709 - 43,473 19,751 32,683 -
- 1,483 - 5,006 4,500 957 -
1,702 7,188 6,776 63,592 - 81,217 8,022
541 6,505 11,747 3,887 - 2,165 -
- - - 4,044 - - -
- - - - - - -
- - - - - 54,080 -
- - - - - - -
2,243 22,885 18,523 120,002 24,251 171,102 8,022
- - - - - (13,309) (1,044)
- - - - - - -
- - - - - (13,309) (1,044)
- - - - - 2,921 1,139
$ - $ - $ - $ - $ - $ (10,388) $ 95
58
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
EDUCATION FUND ACCOUNTS
COMBINING SCHEDULE OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2011
REVENUES
Federal sources
State sources
Local sources
Fees for services
Interest
On-behalf payments
Total revenues
EXPENDITURES
Salaries
Benefits
Purchased services
Supplies and materials
Capital expenditures
Miscellaneous
Payments to other governmental units
On-behalf payments
Total expenditures
EXCESS (DEFICIENCY) OF REVENUES OVER
EXPENDITURES
OTHER FINANCING SOURCES
Transfers in
EXCESS (DEFICIENCY) OF REVENUES OVER
EXPENDITURES AND OTHER FINANCING USES
FUND BALANCES (DEFICIT) , BEGINNING OF YEAR
FUND BALANCES (DEFICIT), END OF YEAR
SCHEDULE 4
(CONTINUED)
National School
Lunch Program
State Free
Lunch &
Breakfast
Program
Breakfast
Incentive Total
$ 11,008 $ - $ - $ 376,674
- 919 14 544,358
- - - 16,466
1 - - 14
- - - 588,573
11,009 919 14 1,526,085
- - - 397,991
- - - 79,150
12,178 595 - 315,446
- - - 48,573
- - - 10,080
- - - 2,816
- - - 54,080
- - - 588,573
12,178 595 - 1,496,709
(1,169) 324 14 29,376
- - - 43,563
(1,169) 324 14 72,939
1,610 (115) - (165,840)
$ 441 $ 209 $ 14 $ (92,901)
59
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
EDUCATION FUND ACCOUNTS
BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2011
SCHEDULE 5
Variance Variance Variance
Favorable Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
REVENUE
Federal sources $ 27,221 $ 27,221 $ - $ - $ - $ - $ - $ - $ -
State sources - - - 96,109 80,091 (16,018) 157,825 52,609 (105,216)
Local sources
Fees for services - - - - - - -
Interest - 3 3 - - - - - -
On-behalf payments - - - - 39,366 39,366 - - -
Total revenue 27,221 27,224 3 96,109 119,457 23,348 157,825 52,609 (105,216)
EXPENDITURES
Salaries 5,134 4,537 597 74,033 75,015 (982) 112,521 - 112,521
Benefits 1,027 882 145 18,663 18,578 85 23,799 - 23,799
Purchased services 20,060 20,805 (745) 1,757 860 897 19,740 - 19,740
Supplies and materials 1,000 1,000 - 1,656 1,656 - 1,765 - 1,765
Capital outlay - - - - - - - - -
Miscellaneous - - - - - - - - -
On-behalf payments - - - - 39,366 (39,366) - - -
Total expenditures 27,221 27,224 (3) 96,109 135,475 (39,366) 157,825 - 157,825
EXCESS (DEFICIENCY) OF REVENUE
OVER (UNDER) EXPENDITURES $ - - $ - $ - (16,018) $ (16,018) $ - 52,609 $ 52,609
OTHER FINANCING SOURCES
Transfers in - - -
EXCESS (DEFICIENCY) OF REVENUE AND
OTHER FINANCING USES OVER
(UNDER) EXPENDITURES - (16,018) 52,609
FUND DEFICIT, BEGINNING OF YEAR - - (52,609)
FUND DEFICIT, END OF YEAR $ - $ (16,018) $ -
* See prior year financial statements for additional actual
amounts that were reported in FY 10.
Regional Safe Schools - FY 10 *
McKinney Education for Homeless
Children Regional Safe Schools - FY 11
60
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
EDUCATION FUND ACCOUNTS
BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2011
REVENUE
Federal sources
State sources
Local sources
Fees for services
Interest
On-behalf payments
Total revenue
EXPENDITURES
Salaries
Benefits
Purchased services
Supplies and materials
Capital outlay
Miscellaneous
On-behalf payments
Total expenditures
EXCESS (DEFICIENCY) OF REVENUE
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES
Transfers in
EXCESS (DEFICIENCY) OF REVENUE AND
OTHER FINANCING USES OVER
(UNDER) EXPENDITURES
FUND DEFICIT, BEGINNING OF YEAR
FUND DEFICIT, END OF YEAR
* See prior year financial statements for additional actual
amounts that were reported in FY 10.
SCHEDULE 5
(CONTINUED)
Variance Variance Variance
Favorable Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$ - $ - $ - $ - $ - $ - $ - $ -
80,951 67,450 (13,501) 100,823 33,615 (67,208) 111,621 93,019 (18,602)
- 16,466 16,466 - - - - - -
- 1 1 - - - - - -
- 121,840 121,840 - - - - 427,268 427,268
80,951 205,757 124,806 100,823 33,615 (67,208) 111,621 520,287 408,666
63,133 74,324 (11,191) 72,545 - 72,545 71,023 91,097 (20,074)
16,273 22,641 (6,368) 18,925 - 18,925 14,309 17,115 (2,806)
1,545 4 53 1,092 8,853 - 8,853 24,138 39,957 (15,819)
- - - 500 - 500 1,373 2,822 (1,449)
- - - - - - 500 756 (256)
- - - - - - 278 2,816 (2,538)
- 121,840 (121,840) - - - - 427,268 (427,268)
80,951 219,258 (138,307) 100,823 - 100,823 111,621 581,831 (470,210)
$ - (13,501) $ (13,501) $ - 33,615 33,615 $ - (61,544) $ (61,544)
- - 43,563
(13,501) 33,615 (17,981)
- (33,615) -
$ (13,501) $ - $ (17,981)
Truants Alternative Programs - FY 11 Truants Alternative Program FY 10 * ROE/ISC Operations FY 11
61
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
EDUCATION FUND ACCOUNTS
BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2011
REVENUE
Federal sources
State sources
Local sources
Fees for services
Interest
On-behalf payments
Total revenue
EXPENDITURES
Salaries
Benefits
Purchased services
Supplies and materials
Capital outlay
Miscellaneous
On-behalf payments
Total expenditures
EXCESS (DEFICIENCY) OF REVENUE
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES
Transfers in
EXCESS (DEFICIENCY) OF REVENUE AND
OTHER FINANCING USES OVER
(UNDER) EXPENDITURES
FUND DEFICIT, BEGINNING OF YEAR
FUND DEFICIT, END OF YEAR
* See prior year financial statements for additional actual
amounts that were reported in FY 10.
SCHEDULE 5
(CONTINUED)
Variance Variance Variance
Favorable Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$ - $ - $ - $ - $ - $ - $ - $ - $ -
122,638 40,886 (81,752) 42,841 35,046 (7,795) 54,641 24,835 (29,806)
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
122,638 40,886 (81,752) 42,841 35,046 (7,795) 54,641 24,835 (29,806)
71,258 - 71,258 9,649 12,329 (2,680) 20,555 - 20,555
23,978 - 23,978 1,846 2,394 (548) 3,594 - 3,594
22,365 - 22,365 26,040 22,253 3,787 30,300 - 30,300
3,800 - 3,800 276 585 (309) 192 - 192
1,000 - 1,000 5,030 5,280 (250) - - -
237 - 237 - - - - - -
- - - - - - - - -
122,638 - 122,638 42,841 42,841 - 54,641 - 54,641
$ - 40,886 $ 40,886 $ - (7,795) $ (7,795) $ - 24,835 $ 24,835
- - -
40,886 (7,795) 24,835
(40,886) - (24,835)
$ - $ (7,795) $ -
ROE/ISC Operations FY 10 * Learning Technology Center FY 11 Learning Technology Center FY 10 *
62
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
EDUCATION FUND ACCOUNTS
BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2011
REVENUE
Federal sources
State sources
Local sources
Fees for services
Interest
On-behalf payments
Total revenue
EXPENDITURES
Salaries
Benefits
Purchased services
Supplies and materials
Capital outlay
Miscellaneous
On-behalf payments
Total expenditures
EXCESS (DEFICIENCY) OF REVENUE
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES
Transfers in
EXCESS (DEFICIENCY) OF REVENUE AND
OTHER FINANCING USES OVER
(UNDER) EXPENDITURES
FUND DEFICIT, BEGINNING OF YEAR
FUND DEFICIT, END OF YEAR
* See prior year financial statements for additional actual
amounts that were reported in FY 10.
SCHEDULE 5
(CONTINUED)
Variance Variance Variance
Favorable Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$ - $ - $ - $ - $ - $ - $ 14,735 $ 2,243 $ (12,492)
46,786 15,750 (31,036) 58,721 58,721 - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
46,786 15,750 (31,036) 58,721 58,721 - 14,735 2,243 (12,492)
8,089 6,041 2,048 13,969 7,796 6,173 2,073 - 2,073
961 1,056 (95) 2,881 1,349 1,532 662 - 662
37,401 36,253 1,148 26,876 13,174 13,702 11,150 1,702 9,448
335 377 (42) 14,995 16,952 (1,957) 850 541 309
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
46,786 43,727 3,059 58,721 39,271 19,450 14,735 2,243 12,492
$ - (27,977) $ (27,977) $ - 19,450 $ 19,450 $ - - $ -
- - -
(27,977) 19,450 -
- (19,450) -
$ (27,977) $ - $ -
Beginning Teachers Induction Pilot
Program FY 11/12
Beginning Teachers Induction Pilot
Program FY 10/11 * Reading First FY 10/11 *
63
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
EDUCATION FUND ACCOUNTS
BUDGETARY COMPARISON SCHEDULE
FOR THE YEAR ENDED JUNE 30, 2011
REVENUE
Federal sources
State sources
Local sources
Fees for services
Interest
On-behalf payments
Total revenue
EXPENDITURES
Salaries
Benefits
Purchased services
Supplies and materials
Capital outlay
Miscellaneous
On-behalf payments
Total expenditures
EXCESS (DEFICIENCY) OF REVENUE
OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES
Transfers in
EXCESS (DEFICIENCY) OF REVENUE AND
OTHER FINANCING USES OVER
(UNDER) EXPENDITURES
FUND DEFICIT, BEGINNING OF YEAR
FUND DEFICIT, END OF YEAR
* See prior year financial statements for additional actual
amounts that were reported in FY 10.
SCHEDULE 5
(CONTINUED)
Variance Variance Variance
Favorable Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$ - $ - $ - $ - $ - $ - $ 120,000 $ 120,000 $ -
78,161 22,883 (55,278) 60,059 18,520 (41,539) - - -
- - - - - - - -
- 2 2 - 3 3 - 2 2
- - - - - - - - -
78,161 22,885 (55,276) 60,059 18,523 (41,536) 120,000 120,002 2
23,394 7,709 15,685 16,106 - 16,106 47,124 43,473 3,651
1,514 1,483 31 894 - 894 5,913 5,006 907
42,201 7,188 35,013 34,111 6,776 27,335 59,963 63,592 (3,629)
11,052 6,505 4,547 8,948 11,747 (2,799) 3,200 3,887 (687)
- - - - - - 3,800 4,044 (244)
- - - - - - - - -
- - - - - - - - -
78,161 22,885 55,276 60,059 18,523 41,536 120,000 120,002 (2)
$ - - $ - $ - - $ - $ - - $ -
- - -
- - -
- - -
$ - $ - $ -
Gifted ROE #35 FY 10/11 * Gifted ROE #43 FY 10/11 * ARRA - Title 1 School Improvement
64
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NONMAJOR SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
JUNE 30, 2011
SCHEDULE 6
General
Educational
Development
School Bus
Driver Training
Annexation and
Sales Petition Total
ASSETS
Cash and cash equivalents $ 5,702 $ 1,961 $ 2,040 $ 9,703
Investments 22,740 13,130 - 35,870
Accounts receivable - 282 - 282
Due from other governmental units 340 48 - 388
TOTAL ASSETS $ 28,782 $ 15,421 $ 2,040 $ 46,243
LIABILITIES AND FUND BALANCES
LIABILITIES
Accounts payable and accrued expenses $ - $ 146 $ - $ 146
Due to other governmental units 220 - - 220
Deferred Revenue 140 - - 140
Total liabilities 360 146 - 506
FUND BALANCES
Restricted 28,422 15,275 2,040 45,737
TOTAL LIABILITIES AND FUND BALANCES $ 28,782 $ 15,421 $ 2,040 $ 46,243
65
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35 SCHEDULE 7
NONMAJOR SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2011
General
Educational
Development
School Bus
Driver Training
Annexation and
Sales Petition Total
REVENUES
State sources $ - $ 1,191 $ - $ 1,191
Local sources
Fees for services 14,412 3,270 - 17,682
Interest 167 105 2 274
Total revenues 14,579 4,566 2 19,147
EXPENDITURES
Salaries - 571 - 571
Benefits - 111 - 111
Purchased services 3,797 2,209 129 6,135
Supplies and materials 2,535 256 - 2,791
Miscellaneous 175 - - 175
Total expenditures 6,507 3,147 129 9,783
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES 8,072 1,419 (127) 9,364
FUND BALANCES, BEGINNING OF YEAR 20,350 1 3,856 2,167 36,373
FUND BALANCES, END OF YEAR $ 28,422 $ 1 5,275 $ 2,040 $ 45,737
66
LASALLE COUNTY REGIONAL OFFICE OF EDUCATION NO. 35
NONMAJOR PROPRIETARY FUNDS
COMBINING STATEMENT OF NET ASSETS
JUNE 30, 2011
SCHEDULE 8
Regional Safe
School Meal