REPORT DIGEST GOVERNORS STATE UNIVERSITY ALUMNI ASSOCIATION FINANCIAL AUDIT For the 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
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INTRODUCTION Our report covers the financial audit for the period ended June 30, 2002.
AUDITORS OPINION Our auditors state the June 30, 2002 financial statements of the Governors State University Alumni Association are fairly presented in all material respects.
____________________________________ WILLIAM G. HOLLAND, Auditor General WGH:TLK:ak SPECIAL ASSISTANT AUDITORS Our special assistant auditors for this audit were De Raimo, Hillger & Ripp.
{Expenditures and Activity Measures are summarized on the reverse page.} |
GOVERNORS STATE UNIVERSITY ALUMNI ASSOCIATION
FINANCIAL AUDIT
For The Year Ended June 30, 2002
FINANCIAL OPERATIONS (ALL FUNDS) | FY 2002 |
FY 2001 |
REVENUE Contributions EXPENSES Academic Awards |
$86,390
$19,427 |
$77,412
$23,700 |
SELECTED ACCOUNT BALANCES | AT JUNE 30, 2002 |
AT JUNE 30,2001 |
Cash and Investments Accounts Receivable Total Assets Accounts Payable Net Assets Unrestricted Restricted Nonexpendable Restricted Expendable Total Net Assets |
$258,198 $155,727 |
$277,608 $151,674 |
ALUMNI ASSOCIATION DIRECTOR |
During Audit Period: Rosemary D. Hulett Currently: Rosemary D. Hulett |