REPORT DIGEST

EASTERN ILLINOIS
UNIVERSITY ALUMNI
ASSOCIATION


FINANCIAL AUDIT
For the One Year Ended:
June 30, 1998







Release Date:
May 20, 1999





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

 

INTRODUCTION

 
Our report covers the financial audit of the Alumni Association for the fiscal year ended June 30, 1998. Our audit was performed to express an opinion on the Eastern Illinois University Alumni Association's financial statements and to report on special data required by the University Guidelines.
 
A compliance audit for the two years ending June 30, 1999 will be performed at a later date.
 

AUDITORS' OPINION

Our auditors state the June 30, 1998 financial statements of the Eastern Illinois University Alumni Association are fairly presented.  
 

____________________________________
WILLIAM G. HOLLAND, Auditor General

WGH:BAR:pp   
 

SPECIAL ASSISTANT AUDITORS

Kerber, Eck & Braeckel LLP were our special assistant auditors for this engagement.  

 

{Expenditures and Activity Measures are summarized on the reverse page.}


EASTERN ILLINOIS UNIVERSITY ALUMNI ASSOCIATION
FINANCIAL AUDIT
For the Period Ended June 30, 1998

STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES

FY 1998

FY 1997

Revenues and other additions
  Investment earnings
  Royalties
  Contributions
  Service contract with University
  Membership dues
  Merchandise sales
  Subsidy revenue
  Budget allocation from University
  Miscellaneous
     Total revenues and other additions

Expenditures and other deductions
  Printing
  Postage, telephone and supplies
  Cost of merchandise sold
  Meetings and receiptions
  Professional fees
  Promotional activities
  Insurance
  In-kind expenses under contract with University
    Personal Services
    Utilities and maintenance
  Grants to University and other contributions
  Budget expended at the University
  Miscellaneous
     Total expenditures and other deductions

INCREASE FOR THE YEAR
Fund balances, beginning of year
Fund balances, end of year


$5,907
57,229
13,988
12,884
14,055
12,158
5,303
3,011
1,645
$126,180


$577
2,262
11,009
3,989
5,576
3,402
1,349

12,742
142
6,753
3,011
1,789
$52,601

$73,579
189,127
$262,706


$11,319
41,878
4,390
9,571
-
-
8,616
1,863
108
$77,745


$5,460
1,690
-
1,349
7,064
4,678
1,885

9,468
103
11,216
1,863
478
$45,254

$32,491
156,636
$189,127
SELECTED ACCOUNT BALANCES

JUNE 30, 1998

JUNE 30, 1997

Assets
  Unrestricted Fund
  Property Fund
    Total Assets
Liabilities and Fund Balances
  Accounts Payable
  Deferred Revenues
  Unrestricted Fund Balance
  Property Fund Balance
    Total Liabilities and Fund Balances


$152,896
123,936
$276,832

$2,091
12,035
138,770
123,936
$276,832


$137,961
104,265
$242,226

$3,390
49,709
94,862
94,265
$242,226
ALUMNI ASSOCIATION EXECUTIVE OFFICER
During Audit Period: Mr. Steve Rich, Executive Officer
Currently: Mr. Steve Rich, Executive Officer