REPORT DIGEST

CHICAGO STATE UNIVERSITY
FOUNDATION

COMPLIANCE AUDIT

For the Two Years Ended:
June 30, 2001

FINANCIAL AUDIT

For the Year Ended:
June 30, 2001

Summary of Findings:

Total this audit 0

Total last audit 1

Repeated from last audit 0

Release Date:
Juen 26, 2002

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State of Illinois

Office of the Auditor General

WILLIAM G. HOLLAND

AUDITOR GENERAL

To obtain a copy of the Report contact:
Office of the Auditor General
Attn: Records Manager
Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703

(217)782-6046 or TDD (217) 524-4646

This Report Digest is also available on
the worldwide web at
http://www.state.il.us/auditor

 

 

 

 

 

 

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

 

 

There were no material compliance findings disclosed during our audit tests. We commend the Foundation for maintaining effective fiscal controls.

 

 

 

AUDITORS' OPINION

Our auditors stated the June 30, 2001 financial statements of the Foundation are fairly presented in all material respects.

 

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

 

 

WGH:KMM:pp

 

SPECIAL ASSISTANT AUDITORS

Washington, Pittman & McKeever, LLC were our special assistant auditors for this audit.

 

CHICAGO STATE UNIVERSITY FOUNDATION
FINANCIAL AND COMPLIANCE AUDIT
For The Two Years Ended June 30, 2001

FINANCIAL OPERATIONS (CURRENT FUNDS)

FY 2001

FY 2000

REVENUES

Contributions
Investment and Dividends
Other Revenue
Total Revenue

EXPENDITURES

Direct Program
Scholarships
Other Expenditures
Total Expenditures

(DEFICIENCY) EXCESS REVENUE OVER EXPENDITURES

 

$1,314,547
59,160
606,649
$1,980,356

 

$978,622
240,558
766,537
$1,985,717


$(5,361
)

 

$1,005,172
70,730
572,322
$1,648,224

 

$449,993
105,344
810,159
$1,365,496


$282,728

FOUNDATION EXECUTIVE DIRECTOR

During Audit Period: Mr. Katey Assem
Currently: Mr. Katey Assem