OFFICE OF THE AUDITOR GENERAL
WILLIAM G. HOLLAND


REPORT DIGEST


UNIVERSITY OF ILLINOIS ALUMNI ASSOCIATION
FINANCIAL AUDIT
FOR THE YEAR ENDED JUNE 30, 1996



INTRODUCTION

This report is limited to our financial audit of the University of Illinois Alumni Association for the year ended June 30, 1996. A compliance audit covering the two years ending June 30, 1996 will be released separately.



AUDITORS' OPINION

Our auditors stated the Alumni Association's June 30, 1996 financial statements are presented fairly.




____________________________________
WILLIAM G. HOLLAND, Auditor General

WGH:KMM:pp


SPECIAL ASSISTANT AUDITORS

Arthur Andersen LLP were our special assistant auditors for this audit.








UNVERSITY OF ILLINOIS ALUMNI ASSOCIATION
FINANCIAL AUDIT
For The Period Ended June 30, 1996

FINANCIAL OPERATIONS (ALL FUNDS)

FY 1996

FY 1995

REVENUES
Annual Membership Fees
Life Membership Fees
Tours and Merchandise Sales
Interest and Dividends
Support from University
Other Revenues
Total Revenues

EXPENDITURES
Office and Administration
Membership Services
Other Expenditures
Total Expenditures


$537,573
407,948
509,170
393,858
1,407,289
1,194,874
$4,450,712


$1,372,293
2,283,114
294,619
$3,956,026


$598,500
383,620
505,912
386,948
1,288,047
928,193
$4,091,220


$1,117,000
2,134,785
282,233
$3,540,018

SELECTED ASSET BALANCES (ALL FUNDS)

AT JUNE 30,
1996

AT JUNE 30,
1995

Cash and Investments
Plant and Equipment
Other Assets
Total Assets

$8,728,009
291,342
282,802
$9,302,153

$8,613,602
314,794
175,754
$9,104,150

ASSOCIATION EXECUTIVE DIRECTOR
During Audit Period: Mr. Louis D. Liay
Currently: Mr. Louis D. Liay