REPORT DIGEST CHICAGO STATE UNIVERSITY FOUNDATION FINANCIAL AUDIT For the One Year Ended: June 30, 2002
Release Date: State of Illinois Office of the Auditor General WILLIAM G. HOLLAND AUDITOR GENERAL To obtain a copy of the Report contact: (217)782-6046 or TDD (217) 524-4646 This Report Digest is also available on |
INTRODUCTION Our report covers the financial audit for the period ended June 30, 2002.
AUDITORS' OPINION Our auditors stated the June 30, 2002 financial statements of the Chicago State University Foundation are fairly presented in all material respects.
____________________________________ WILLIAM G. HOLLAND, Auditor General
WGH:TLK:pp
SPECIAL ASSISTANT AUDITORS Washington, Pittman & McKeever, LLC were our special assistant auditors for this audit. |
CHICAGO STATE UNIVERSITY FOUNDATION
FINANCIAL AUDIT
For The Year Ended June 30, 2002
FINANCIAL OPERATIONS (CURRENT FUNDS) | FY 2002 |
FY 2001 |
REVENUES Contributions Investment Income (loss) Other Revenue Total Revenue EXPENSES Direct Program Scholarships Other Expenditures Total Expenses INCREASE (DECREASE) IN NET ASSETS |
$971,898 (36,739) 515,310 $1,450,469
$612,712 179,580 650,085 $1,442,377 $8,092 |
$1,314,547 59,160 606,649 $1,980,356
978,622 240,558 766,537 $1,985,717 $(5,361) |
FOUNDATION EXECUTIVE DIRECTOR | ||
During Audit Period: Mr. Katey Assem Currently: Mr. Katey Assem |