REPORT DIGEST


NORTHERN ILLINOIS UNIVERSITY FOUNDATION

FINANCIAL AUDIT

For the Year Ended:
June 30, 1999

 

 

 

 

Release Date:
February 9, 2000

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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

 

 

 

 

INTRODUCTION

Our report covers the financial audit for the period ending June 30, 1999.

 

AUDITORS’ OPINION

Our auditors state the Foundation’s financial statements as of June 30, 1999 were fairly presented.

 

____________________________________
WILLIAM G. HOLLAND, Auditor General

WGH:SES:pp

 

SPECIAL ASSISTANT AUDITORS

The Bronner Group, Inc. were our special assistant auditors on this audit.

 

 

 

 

 

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

 

 

NORTHERN ILLINOIS UNIVERSITY FOUNDATION
FINANCIAL AUDIT
For the Year Ended June 30, 1999

 

FINANCIAL OPERATIONS (ALL FUNDS)

FY 1999

FY 1998

REVENUES AND OTHER ADDITIONS
Gifts
Royalties
Investment Income
Contract Services Provided to NIU
All Other Income
    Total Revenue and Other Additions


$6,420,166
13,051
636,727
374,996
113,685
$7,558,625


$4,766,465
10,164
2,736,339
249,807
143,715
$7,906,490

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



$442,379

2,206,225

2,733,763
277,996
108,163
$5,768,526



$513,463

2,272,959

596,357
179,807
537,256
$4,099,842


SELECTED ACCOUNT BALANCES

AT JUNE 30, 1999

AT JUNE 30, 1998

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

$ 1,498,749
21,953,040
401,068
1,578,672
1,768,214
4,752,192
13,991,560
2,532,034

$ 1,104,189
19,691,504
394,350
1,777,639
3,703,147
2,397,378
12,578,877
2,531,789

FOUNDATION OFFICIALS
During Audit Period: President: Mallory M. Simpson
Currently: President: Mallory M. Simpson