REPORT DIGEST

WESTERN ILLINOIS

UNIVERSITY

FOUNDATION

FINANCIAL AUDIT

For the Year Ended:

June 30, 2000

Release Date:
March 22, 2001

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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

This report covers our financial audit for the year ended June 30, 2000. A compliance audit covering the two years ending June 30, 2001 will be performed next year.

 

AUDITORS’ OPINION

Our auditors state the financial statements of Western Illinois University Foundation as of June 30, 2000, and for the year then ended, are fairly presented in all material respects.

 

 

 

___________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:KMA:pp

 

 

SPECIAL ASSISTANT AUDITORS

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

{Financial Information is summarized on the reverse page.}

 

 

 

WESTERN ILLINOIS UNIVERSITY FOUNDATION
FINANCIAL AUDIT
For The Year Ended June 30, 2000



FINANCIAL OPERATIONS (ALL FUNDS)

FY 2000

FY 1999

REVENUE
Contributions and Pledges
Investment Revenue
Support from WIU
Other Revenue Sources

Total Revenue


$4,653,047
982,155
518,580
737,420

$6,891,202


$3,921,310
1,369,026
509,242
536,478
$6,336,056

EXPENDITURES AND OTHER DEDUCTIONS
Scholarships
Contractual Services
Cost of Services from WIU
Assets Purchased and Donated to WIU
Funds Transferred to WIU
Other Expenditures

Total Expenditures and Other Deductions


$1,035,399
734,159
518,580
97,486
1,653,611
650,374

$4,689,609


$ 954,596
748,857
509,242
121,999
462,655
631,867

$3,429,216

SELECTED ACCOUNT BALANCES (ALL FUNDS)

AT JUNE 30, 2000

AT JUNE 30,  1999

Cash and Investments

Other Assets
Total Assets
Liabilities
Fund Balance
Total Liabilities and Fund Balance

$15,736,726

1,510,683
$17,247,409
$977,950
16,269,459
$17,247,409

$14,770,114

890,707
$15,660,821
$1,162,137
14,498,684
$15,660,821

FOUNDATION OFFICIALS

Executive Officer: Larry Mortier