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REPORT DIGEST SOUTHERN ILLINOIS UNIVERSITY FINANCIAL
STATEMENT AUDIT For the Year Ended: June 30, 2007 Summary of Findings: Total This Year: - Financial audit 0 Total Last Year: - Financial audit 0 Repeated From Last Year: - Financial audit 0 Release Date: March 25, 2008
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 and the
Full Report are also available on the worldwide web at |
INTRODUCTION
This report covers the Financial Audit of Southern Illinois University for the year ended June 30, 2007. This report does not contain any findings. Findings related to the State Compliance Examination and the Single Audit will be issued at a later date. AUDITORS’ OPINION Our auditors stated the financial statements of the University as of June 30, 2007 and for the year then ended are fairly presented in all material respects. ____________________________________ WILLIAM G. HOLLAND, Auditor General WGH:KAL:pp SPECIAL ASSISTANT AUDITORS Crowe Chizek & Company, LLC were our special assistant auditors for this audit. {Expenditures and Activity Measures are summarized on the reverse page.} |
SOUTHERN
ILLINOIS UNIVERSITY
FINANCIAL
STATEMENT AUDIT
FOR
THE YEAR ENDED JUNE 30, 2007
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STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS |
FY2007
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FY2006 |
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OPERATING REVENUES Student tuition and fees......................................... Auxiliary enterprises............................................. Grants and contracts.......................................... Sales and services of educational activities........... Other............................................................... Total Operating Revenues......................... OPERATING EXPENSES Instruction........................................................ Research......................................................... Public services...................................................... Academic support................................................. Student services.................................................... Institutional support................................................ Operation and maintenance of plant........................ Scholarships and fellowships................................... Auxiliary enterprises.............................................. Depreciation......................................................... Other...................................................................Total Operating Expenses...............................Operating Loss....................................................... NON-OPERATING REVENUES (EXPENSES) State appropriations.............................................. Payments on behalf of the University..................... Other non-operating revenues (expenses), net........ Net Non-operating Revenues ...................... Income (Loss) Before Capital Contributions....... Capital appropriations, additions
to endowments and
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$182,140,804 83,367,711 89,604,596 52,529,185 39,603,670 $447,245,966 $259,860,902 57,700,962 56,378,043 112,268,877 55,192,637 54,640,752 65,398,396 19,159,776 77,328,543 34,958,458 350,826 $793,238,172 ($345,992,206) $223,149,103 106,525,874 34,315,848 $363,990,825 $17,998,619
$32,650,797 $50,649,416 $375,488,020 $426,137,436 |
$156,557,921 78,597,396 100,738,941 92,141,388 322,278 $428,357,924 $249,878,046 63,636,130 54,923,313 103,935,635 51,296,734 51,562,883 66,850,255 19,047,927 73,435,273 35,641,988 439,978 $770,648,162 ($342,290,238) $217,597,790 94,771,410 29,676,351 $342,045,551 ($244,687)
$8,681,091 $8,436,404 $367,051,616 $375,488,020 |
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SELECTED ACCOUNT BALANCES |
JUNE 30,
2007
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JUNE 30,
2006
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Cash and investments........................................... Capital assets, net of accumulated depreciation..... Total Assets..................................................... Revenue bonds, notes payable and capital lease obligations................................................ Accrued compensated absences........................... Total Liabilities................................................ Net assets....................................................... |
$221,463,550 $572,516,218 $868,278,645 $239,784,222 $46,820,844 $442,141,209 $426,137,436 |
$255,911,273 $501,153,312 $827,406,841 $247,983,156 $45,304,330 $451,918,821 $375,488,020 |
UNIVERSITY
PRESIDENT
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During Audit Period: Mr. Glenn Poshard Currently: Mr. Glenn Poshard |
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