REPORT DIGEST

 

EASTERN ILLINOIS UNIVERSITY ALUMNI ASSOCIATION

 

 

FINANCIAL AUDIT

For the One Year Ended:

June 30, 2000

Release Date:
February 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 of the Alumni Association for the year ended June 30, 2000. A compliance audit for the two years ending June 30, 2001 will be performed next year.

 

AUDITORS' OPINION

Our auditors state the June 30, 2000 financial statements of the Eastern Illinois University Alumni Association are fairly presented in all material respects.

_____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:GSS:pp

SPECIAL ASSISTANT AUDITORS

Doehring, Winders & Co. LLP were our special assistant auditors for this engagement.

 

 

 

 

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

 

EASTERN ILLINOIS UNIVERSITY ALUMNI ASSOCIATION
FINANCIAL AUDIT
For the Year Ended June 30, 2000
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES

FY 2000

FY 1999

Revenues and other additions
Investment earnings
Net change in the fair value of investments
Royalties
Contributions
Grant from Foundation
Service contract with University
Membership dues
Merchandise sales
Budget allocation from University
Miscellaneous
Total revenues and other additions
Expenditures and other deductions
Personal services
Printing
Postage, telephone and supplies
Cost of merchandise sold
Meetings and receptions
Professional fees
Promotional activities
Insurance
Building expenditures
In-kind expenses under contract with University
Grants to University
Grants to the Foundation
Budget expended at the University
Accounts receivable write-off
Miscellaneous
Total expenditures and other deductions
INCREASE FOR THE YEAR
Fund balances, beginning of year
Fund balances, end of year


$91,260
(32,178)
260
2,516
67,440
20,905
27,448
1,946
4,760
5,861
$190,218

$2,354
4,216
6,380
110
3,925
6,336
29,371
1,988
523
20,905
27,500
-
4,760
13,500
164
122,032
$68,186
1,476,471
$1,544,657


$59,203
-
1,202,679
3,130
0
18,363
17,896
8,691
4,286
4,611
$1,318,859

$1,974
9,608
9,811
5,594
1,933
7,767
7,952
2,029
9,080
18,364
924
25,000
4,286
-
772
$105,094
$1,213,765
262,706
$1,476,471
SELECTED ACCOUNT BALANCES AT JUNE 30

2000

1999
Assets

Unrestricted Fund
Property Fund
Total Assets

 

$1,444,047
124,216
$1,568,263

 

$1,373,979
123,936
$1,497,915
Liabilities and Fund Balances

Accounts Payable
Deferred Revenues
Unrestricted Fund Balance
Property Fund Balance
Total Liabilities and Fund Balances

 

$462
23,144
1,420,441
124,216
$1,568,263

 

$781
20,663
1,352,535
123,936
$1,497,915
ALUMNI ASSOCIATION EXECUTIVE OFFICER

During Audit Period: Mr. Steve Rich, Executive Officer
Currently: Mr. Steve Rich, Executive Officer