REPORT DIGEST
EASTERN ILLINOIS UNIVERSITY FOUNDATION
FINANCIAL AUDIT
For the One 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
- Our report covers the financial audit of the
Foundation for the fiscal year ended June 30,
1996. Our audit was performed to express an
opinion on the Eastern Illinois University
Foundation's financial statements and to report
on special data required by the 1982 University
Guidelines. The Guidelines were issued by the
Legislative Audit Commission to codify and
improve the State universities' fiscal practices
and administration of locally held funds.
A compliance audit for the two years ending June 30, 1997 will be performed at a later date.
AUDITORS' OPINION
- Our auditors state the June 30, 1996 financial
statements of the Eastern Illinois University
Foundation are fairly presented.
_____________________________________
WILLIAM G. HOLLAND, Auditor GeneralWGH:JHL:pp
SPECIAL ASSISTANT AUDITORS
- Our special assistant auditors for this
engagement were Kerber, Eck & Braeckel LLP.
{Expenditures and Activity Measures are summarized on the reverse page.}