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REPORT DIGEST UNIVERSITY OF ILLINOIS ALUMNI ASSOCIATION FINANCIAL
AUDIT For the Year Ended: June 30, 2006 Release Date:
November 16, 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 The Report Digest and Full
Report are also available on the worldwide web at http://www.state.il.us/auditor |
AUDITORS’ OPINION Our auditors stated the Alumni Association’s June 30, 2006 financial statements are fairly presented in all material respects. Our compliance examination for the two years ending June 30, 2006 will be released at a later date. ____________________________________ WILLIAM G. HOLLAND, Auditor General WGH:TLK:pp SPECIAL ASSISTANT AUDITORS Our special assistant auditors were Clifton Gunderson LLP. |
UNIVERSITY OF ILLINOIS
ALUMNI ASSOCIATION
FINANCIAL
AUDIT
For The
Year Ended June 30, 2006
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FINANCIAL
OPERATIONS (All Funds) |
FY 2006 |
FY 2005 |
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OPERATING REVENUES................................................. OPERATING EXPENSES................................................... Operating income.............................................................. NONOPERATING REVENUES (EXPENSES) Investment income............................................................. Interest expense................................................................. Contributions..................................................................... Net increase in fair value of investments.............................. Net nonoperating (expenses)........................................ Increase (decrease) in net assets.................................. NET ASSETS, beginning of year......................................... NET ASSETS, end of year................................................... |
$9,112,700 8,727,000 $385,700 $316,700 (69,500) (6,949,600) 1,141,400 $(5,561,000) ($5,175,300) $16,069,800 $10,894,500 |
$8,121,700 7,235,400 $886,300 $279,700 0 (1,362,600) 1,024,200 $(58,700) $827,600 $15,242,200 $16,069,800 |
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OTHER SIGNIFICANT ACCOUNT BALANCES |
At June 30, 2006 |
At June 30, 2005 |
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Cash and Investments.............................................................. Total Assets.......................................................................... Deferred Revenues.................................................................. Total Liabilities..................................................................... Total Net Assets................................................................... |
$16,170,200 17,244,600 769,800 6,350,100 $10,894,500 |
$16,001,300 17,152,800 754,400 1,083,000 $16,069,800 |
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ALUMNI ASSOCIATION PRESIDENT |
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Currently: Mr. Loren R. Taylor |
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