REPORT DIGEST

CHICAGO STATE UNIVERSITY FOUNDATION

FINANCIAL AUDIT

For the Year Ended:

June 30, 2000

Release Date:
May, 24, 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 digest covers our financial audit of the Foundation for the year ended June 30, 2000. A compliance audit covering the two years ended June 30, 2001 will be issued at a later date.

AUDITORS’ OPINION

Our auditors stated the Foundation's financial statements as of June 30, 2000, and for the year then ended, are fairly presented in all material respects.

 

 

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WILLIAM G. HOLLAND, Auditor General

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SPECIAL ASSISTANT AUDITORS

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

 

 

 

 

 

 

 

 

 

 

 

 

CHICAGO STATE UNIVERSITY FOUNDATION
FINANCIAL AUDIT
For The Two Years Ended June 30, 2000

FINANCIAL OPERATIONS (ALL FUNDS)

FY 2000

FY 1999

REVENUES

Contributions

Investment and Dividends

Other Revenue

Total Revenue

EXPENDITURES

Direct Program

Scholarships

Other Expenditures

Total Expenditures

EXCESS REVENUE OVER EXPENDITURES

 

$1,005,172

70,730

572,322

$1,648,224

 

$449,993

105,344

810,159

$1,365,496

$282,728

 

$ 762,161

289,157

157,639

$1,208,957

 

$484,788

60,557

307,974

$853,319

$355,638

FOUNDATION EXECUTIVE DIRECTOR
During Audit Period: Mr. Katey' Assem
Currently: Mr. Katey' Assem