REPORT DIGEST

GOVERNORS STATE UNIVERSITY FOUNDATION

 

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.auditor.illinois.gov

 

 

 

 

 

INTRODUCTION

This report covers our financial audit for the year ended June 30, 2000. A compliance audit covering the two years ending June 30, 2001 will be performed next year.

AUDITORS’ OPINION

Our auditors state the financial statements of Governors State University Foundation at June 30, 2000 are fairly presented in all material respects.

 

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

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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 FOUNDATION

FINANCIAL AUDIT

For the Year Ended June 30, 2000
FINANCIAL OPERATIONS (ALL FUNDS)

FY 2000

FY 1999
REVENUE

Contributions
Investment Revenue
Support from University
Other
Total Revenues

EXPENDITURES

Scholarships
University Support
General & Fundraising
Performing Arts
Other
Total Expenditures

 

$ 311,572
98,957
73,130
143,696
$ 627,355

 

$ 154,570
164,802
19,444
1,053
208,178
$ 548,047

 

$ 468,857
100,076
90,028
124,564
$ 783,525

 

$ 122,951
78,776
56,061
124,994
167,517
$ 550,299

 
SELECTED ACCOUNT BALANCES

AT JUNE 30, 2000

AT JUNE 30, 1999
Cash and Investments
Sculptures
Accounts Receivable
Total Assets
Accounts Payable
Fund Balances
Current Funds
Endowment Funds
Total Fund Balances
Total Liabilities and Fund Balances

$ 1,199,001
1,091,851
11,120
$ 2,301,972
$ 88,992

$1,579,076
633,904
$ 2,212,980
$ 2,301,972

$ 1,156,567
1,156,851
5,000
$ 2,318,418
$ 184,746

$1,576,167
557,505
$2,133,672
$2,318,418
FOUNDATION EXECUTIVE DIRECTOR
During Audit Period: Brandon Senter
Currently: Brandon Senter