REPORT DIGEST

SOUTHERN ILLINOIS UNIVERSITY AT EDWARDSVILLE FOUNDATION

COMPLIANCE AUDIT
For the Two Years Ended:
June 30, 2001
AND

FINANCIAL AUDIT
For the Year Ended:
June 30, 2001

Summary of Findings:

Total this audit 0
Total last audit 0
Repeated from last audit 0

Release Date:
March 19, 2002

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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.state.il.us/auditor

  

 

 

 

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

 

There were no material compliance findings disclosed during our audit tests. We commend the Foundation for maintaining effective fiscal controls.

 

 

AUDITORS' OPINION

Our auditors stated the June 30, 2001 financial statements of the Foundation are fairly presented in all material respects.

 

 

___________________________________

WILLIAM G.HOLLAND, Auditor General

 

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SPECIAL ASSISTANT AUDITORS

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

SOUTHERN ILLINOIS UNIVERSITY AT EDWARDSVILLE FOUNDATION
FINANCIAL AND COMPLIANCE AUDIT
For The Two Years Ended June 30, 2001
FINANCIAL OPERATIONS (All Funds)

FY 2001

FY 2000
Revenues and other additions:
Contributions
Budget allocations from SIUE
Beneficial interest in trusts
Investment income, net
Other revenues
Total

Expenditures and other deductions:
Expenditures for the benefit of SIUE
Budget expended at SIUE
Transfer of gifts to SIUE
Capital assets revalued, discarded or traded
Other
Total


$1,217,125
316,619
0
177,065
668,024
$2,378,833


$1,421,527
316,619
633,723
704,411
588,499
$3,664,779


$2,582,326
279,189
2,612,405
552,073
819,268
$6,845,261


$1,454,648
279,189
115,453
0
284,339
$2,133,629
SELECTED ASSETS BALANCES (All Funds)

At June 30, 2001

At June 30, 2000
Cash and cash equivalents
Investments, at fair value
Beneficial interest in trusts
Fixed assets, including construction in progress
Assets held for resale
Other assets
Total assets

$2,067,454
8,260,011
2,612,405
2,517,847
1,580,954
1,296,682
$18,335,353

$2,784,947
9,049,039
2,612,405
3,126,463
1,082,400
1,117,331
$19,772,585
EXECUTIVE DIRECTOR
During the audit: Mr. G. Patrick Williams
Currently: Mr. G. Patrick Williams