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REPORT DIGEST GOVERNORS STATE UNIVERSITY ALUMNI
ASSOCIATION FINANCIAL AUDIT For the One Year Ended: June 30, 2004 January 27, 2005
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 Iles Park Plaza 740 E. Ash Street Springfield, IL 62703 (217)
782-6046 or TTY (888) 261-2887 This Report Digest is also
available on the worldwide web at |
INTRODUCTION
Our report covers the financial audit for the period ended June 30, 2004.
(Expenditures and Activity
Measures are summarized on the reverse page.) |
GOVERNORS STATE UNIVERSITY ALUMNI ASSOCIATION
FINANCIAL AUDIT
For the Year Ended June 30, 2004
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FINANCIAL
OPERATIONS (ALL FUNDS) |
FY 2004 |
FY 2003 |
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REVENUES Operating revenues................................................. EXPENSESOperating expenses................................................. Operating loss...................................................... NONOPERATING REVENUESContributions....................................................... Investment income................................................ Net nonoperating revenues.............................. Loss before other revenues expenses, gains and losses............................... Additions to permanent endowments.................... Decrease in net assets..................................... NET ASSETSNet assets-beginning of year................................. Net assets-end of year......................................... |
$34,209 $143,057 ($108,848)
$81,285 6,926 $88,211 ($20,637)
$17,949 ($2,688)
$184,833 $182,145 |
$35,791 $184,808 ($149,017)
$89,405 3,426 $92,831
($56,186)
$1,806 ($54,380)
$239,213 $184,833 |
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OTHER SIGNIFICANT ACCOUNT BALANCES |
AT JUNE 30, 2004 |
AT JUNE 30, 2003 |
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Cash and Cash Equivalents............................................... Endowment Investments................................................... Total Assets............................................................. Total Liabilities................................................................. Net Assets Restricted Nonexpendable........................................ Restricted Expendable............................................... Unrestricted.............................................................. Total Net Assets....................................................... |
$ 169,171 62,378 $ 231,549 $49,404 $ 76,827 29,268 76,050 $182,145 |
$ 166,520 42,104 $ 208,624 $23,791
$ 58,877 18,771 107,185 $184,833 |
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ALUMNI ASSOCIATION EXECUTIVE DIRECTOR |
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During Audit Period: Rosemary Hulett Currently: Rosemary Hulett |
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