ILLINOIS STATE UNIVERSITY FOUNDATION FINANCIAL AUDIT For the Year Ended:
State of Illinois To obtain a copy of the Report contact: This Report Digest is also available on |
INTRODUCTION Our report covers the financial audit of the Illinois State University Foundation for the fiscal year ended June 30, 1999. A compliance audit for the two years ended June 30, 2000 will be performed at a later date. AUDITORS OPINION Our auditors stated the June 30, 1999 financial statements of the Illinois State University Foundation are fairly presented.
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WGH:JHL:pp SPECIAL ASSISTANT AUDITORS Clifton Gunderson L.L.C. were our special assistant auditors for this engagement.
{Expenditures and Activity Measures are summarized on the next page.}
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ILLINOIS STATE UNIVERSITY FOUNDATION
FINANCIAL AND COMPLIANCE AUDIT
For The Two Years Ended June 30, 1999
FINANCIAL OPERATIONS (ALL FUNDS) | FY 1999 |
FY 1998 |
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REVENUE AND
PROPERTY ADDITIONS Gifts, grants, and awards Investment income Gain (loss) on investments Net increase in fair value of investments Nongift income Property and equipment additions Other revenue Total EXPENDITURES AND PROPERTY DEDUCTIONS Awards, scholarships, and grants Athletic support College and academic departmental support Foundation and development Other operating expenditures Expenditure/deductions for property & equip. Total NET CHANGE IN FUND BALANCE |
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SELECTED
ACCOUNT BALANCES (ALL FUNDS) |
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Cash and Investments Fund Balances: Unrestricted Restricted Endowment Investment in Plant |
$365987,740 |
$30,076,385 |
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SELECTED ACTIVITY MEASURES | FY 1999 | FY 1998 | ||
Distributions to the University (Total) Contributions to the Foundation (Total) Contribution Ratio (cost per dollar raised) Distribution Ratio (cost per dollar distributed) |
$3,559,741 |
$3,356,770 |
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FOUNDATION EXECUTIVE DIRECTOR | ||||
During Audit Period: Dr. Susan Kern |