REPORT DIGEST

THE ASSOCIATION OF ALUMNI, FORMER STUDENTS AND FRIENDS OF SOUTHERN ILLINOIS UNIVERSITY (AT CARBONDALE)

FINANCIAL AUDIT
For the Year Ended:
June 30, 1996

Release Date:
May 15, 1997

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

The report covers our examination of the financial statements of the Association of Alumni, Former Students and Friends of Southern Illinois University (at Carbondale) for the year ended June 30, 1996. A compliance audit for the two years ended June 30, 1997 will be performed next year.

AUDITORS' OPINION

Our auditors stated the June 30, 1996 financial statements of the Association are fairly presented.

___________________________________

WILLIAM G. HOLLAND, Auditor General

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SPECIAL ASSISTANT AUDITORS

Coopers & Lybrand L.L.P. were our special assistant auditors assigned to the audit.

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

SOUTHERN ILLINOIS UNIVERSITY ALUMNI ASSOCIATION AT CARBONDALE
FINANCIAL AUDIT
For The Year Ended June 30, 1996

FINANCIAL OPERATIONS (ALL FUNDS)	FY 1996	FY 1995
REVENUES Annual Membership Fees Life Membership Fees Contributions from Foundation Budget allocation from SIU Interest and Dividends Other Revenues Total Revenues EXPENDITURES Office and Administration Membership Services Other Expenditures Total Expenditures	$ 89,884 112,292 134,000 551,610 77,015 285,610 $1,250,411 $ 775,715 297,598 13,680 $1,086,993	$ 87,990 106,625 134,000 428,834 70,639 148,118 $976,206 $ 491,482 286,218 13,557 $791,257
SELECTED ASSET BALANCES (ALL FUNDS)	AT JUNE 30, 1996	AT JUNE 30, 1995
Cash and Investments Plant and Equipment Other Assets Total Assets	$1,383,523 121,263 20,768 $1,525,554	$1,367,836 18,404 28,950 $1,415,190

ASSOCIATION EXECUTIVE DIRECTOR

During the Audit: Mr. Edward M. Buerger
Currently: Mr. Edward M. Buerger