REPORT DIGEST

NORTHERN ILLINOIS UNIVERSITY FOUNDATION

FINANCIAL AUDIT
For the Year Ended:
June 30, 1997

Release Date:
April 23, 1998

State of Illinois
Office of the Auditor General

WILLIAM G. HOLLAND
AUDITOR GENERAL

Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703
(217) 782-6046

INTRODUCTION

Our report covers the financial audit of the Foundation for the fiscal year ended June 30, 1997. A compliance audit for the two years ending June 30, 1998 will be performed at a later date.

AUDITORS' OPINION

Our auditors state the June 30, 1997 financial statements of the Northern Illinois University Foundation are fairly presented.

____________________________________
WILLIAM G. HOLLAND, Auditor General

WGH:JTD:pp

SPECIAL ASSISTANT AUDITORS

Prado & Renteria Certified Public Accountants, Prof. Corp. were our special assistant auditors on this audit.

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

FY 1997

FY 1996

• REVENUES AND OTHER ADDITIONS

Gifts
Royalties
Investment Income
Contract Services Provided to NIU
All Other Income
Total Revenue and Other Additions

• EXPENDITURES AND OTHER DEDUCTIONS

Scholarships
Support for University Departments and Programs
Library books, equipment and property improvements
Administrative Services provided to NIU
Other Expenditures/Deductions
Total Expenditures and Other Deductions

$5,321,962
760,088
532,660
258,303
208,765
$7,081,778



$442,885
2,710,526
1,002,640
188,303
41,158
$4,385,512

$4,083,886
0
488,427
257,863
487,074
$5,317,250



$424,179
2,250,649
394,830
257,863
122,617
$3,450,139

AT JUNE 30, 1997

AT JUNE 30, 1996

• Cash and Cash Equivalents
• Investments
• Land and Buildings
• Equipment
• Unrestricted Fund Balance
• Restricted Fund Balance
• Endowment
• Investment in Plant

$2,050,845
11,514,809
1,556,815
1,551,091
4,050,158
1,498,020
6,727,383
2,781,706

$1,100,260
10,015,500
1,511,179
1,348,227
3,047,058
1,065,791
5,855,221
2,412,931

President: Michael P. Malone