REPORT DIGEST

FINANCIAL AUDIT
For the Year Ended:
June 30, 1998







Release Date:
May 20, 1999

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

Our report covers the financial audit of the Foundation for the fiscal year ended June 30, 1998. 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 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, 1999 will be performed at a later date.

 

AUDITORS' OPINION

Our auditors state the June 30, 1998 financial statements of the Eastern Illinois University Foundation are fairly presented. 

 

____________________________________
WILLIAM G. HOLLAND, Auditor General

WGH:BAR:pp

 

SPECIAL ASSISTANT AUDITORS

Kerber, Eck & Braeckel LLP were our special assistant auditors for this engagement.

 

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