REPORT DIGEST

THE ASSOCIATION OF ALUMNI, FORMER STUDENTS AND FRIENDS OF SOUTHERN ILLINOIS UNIVERSITY, INC.

COMPLIANCE EXAMINATION

For the Two Years Ended:

June 30, 2005

AND

FINANCIAL AUDIT

For the Year Ended:

June 30, 2005

Summary of Findings:

Total this audit                          0

Total last audit                          0

Repeated from last audit           0

Release Date:

March 23, 2006 

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 Full Report are also available on

the worldwide web at

http://www.state.il.us/auditor

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

      There were no material compliance findings disclosed during our examination.  We commend the Alumni Association for maintaining effective fiscal controls.

AUDITORS’ OPINION

      Our auditors stated the June 30, 2005 financial statements of the Alumni Association are fairly presented in all material respects.

____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:KAL:pp

SPECIAL ASSISTANT AUDITORS

      Kerber, Eck & Braeckel LLP were our special assistant auditors for this audit.

FINANCIAL OPERATIONS (All Funds)

FY 2005

FY 2004

REVENUES

      Operating Revenues.............................................

EXPENSES

      Operating Expenses.............................................

            Operating Income .........................................

NONOPERATING REVENUES

      Investment gain....................................................

      Contributions.......................................................

            Net Nonoperating Revenues...........................

            Increase in Net Assets....................................

NET ASSETS

      Net Assets-beginning of year

      Net Assets-end of year........................................

$1,712,264

1,547,470

$164,794

$304,815

9,040

$313,855

478,649

2,414,146

$2,892,795

$1,417,626

1,254,713

$162,913

$394,327

10,616

$404,943

567,856

1,846,290

$2,414,146

OTHER SIGNIFICANT ACCOUNT BALANCES

At June 30, 2005

At June 30, 2004

Cash and investments...................................................

Total assets...............................................................

Deferred Revenue........................................................

Total Liabilities.........................................................

Net Assets-Invested in capital assets............................

Net Assets-Unrestricted..............................................

Total Net Assets.......................................................

$4,792,379

$4,855,830

$1,877,057

$1,963,035

$4,788

$2,888,007

$2,892,795

$3,942,593

$3,988,414

$1,475,100

$1,574,268

$3,711

$2,410,435

$2,414,146

ALUNNI ASSOCIATION DIRECTOR

During Audit Period:  Mr. Edward Buerger

Currently:  Mr. Edward Buerger