REPORT DIGEST UNIVERSITY OF ILLINOIS FOUNDATION FINANCIAL AUDIT For the Year Ended: COMPLIANCE AUDIT For the Two Years Ended: Summary of Findings: Total this audit 0 Release Date: State of Illinois WILLIAM G. HOLLAND AUDITOR GENERAL To obtain a copy of the Report contact: (217)782-6046 or TDD (217) 524-4646 This Report Digest is also available on |
FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS There were no material findings of noncompliance disclosed during our audit tests. We commend the Foundation for maintaining an effective system of internal controls.
AUDITORS OPINION Our auditors stated the Foundations June 30, 2000 financial statements are fairly presented in all material respects.
____________________________________ WILLIAM G. HOLLAND, Auditor General WGH:KMA:pp SPECIAL ASSISTANT AUDITORS Our special assistant auditors were Olive LLP.
{Expenditures and Activity Measures are summarized on the reverse page.} |
UNIVERSITY OF ILLINOIS FOUNDATION
FINANCIAL AND COMPLIANCE AUDIT
For The Period Ended June 30, 2000
FINANCIAL OPERATIONS (ALL FUNDS) | FY 2000 |
FY 1999 |
REVENUES Contributions EXPENDITURES General and Operating |
$100,676,927
$ 6,850,917 |
$ 83,309,502
$ 6,792,061 |
SELECTED ASSET BALANCES (ALL FUNDS) | AT JUNE 30, 2000 |
AT JUNE 30, 1999 |
Cash and Investments Farms Real Estate Plant and Equipment Other Assets Total Assets |
$697,740,689 |
$633,357,629 |
FOUNDATION PRESIDENT |
During Audit Period: Dr. B.A. Nugent (thru 12/31/99), Dr. Sidney Micek
(1/1/00 - 6/30/00) Currently: Dr. Sidney Micek |