REPORT DIGEST

SOUTHERN ILLINOIS UNIVERSITY AT EDWARDSVILLE FOUNDATION

COMPLIANCE AUDIT

For the Two Years Ended:
June 30, 1999

AND
FINANCIAL AUDIT

For the Year Ended:
June 30, 1999

Summary of Findings:

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

Release Date:
March 21, 2000

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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, 1999 financial statements of the Foundation are fairly presented.

 

 

 

___________________________________

WILLIAM G.HOLLAND, Auditor General

 

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SPECIAL ASSISTANT AUDITORS

PricewaterhouseCoopers L.L.P. 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, 1999
FINANCIAL OPERATIONS (All Funds)

FY 1999

FY 1998
Revenues:
Contributions and gifts
Investment revenue
Support from University
Other revenues
Total revenues

Expenditures:
General and operating
Scholarships and distributions
Other expenditures
Total expenditures


$2,859,818
662,038
273,386
684,338
$4,479,580


$280,550
1,625,409
38,167
$1,944,126


$1,150,664
1,025,757
271,922
656,781
$3,105,124


$310,423
1,894,495
45,811
$2,250,729
SELECTED ASSETS BALANCES (All Funds)

At June 30, 1999

At June 30, 1998
Cash and investments
Plant and equipment
Other assets
Assets held for resale
Total assets

$9,776,797
1,732,907
108,396
1,082,400
$12,700,500

$8,639,564
420,842
196,200
1,082,400
$10,339,006
EXECUTIVE DIRECTOR
During the audit: Dr. James Buck (through February 28, 1998)
Dr. Bradley Hewitt (March 1, 1998 to present)
Currently: Dr. Bradley Hewitt