REPORT DIGEST

UNIVERSITY OF ILLINOIS FOUNDATION

FINANCIAL AUDIT

For the Year Ended:
June 30, 2000
and

COMPLIANCE AUDIT

For the Two Years Ended:
June 30, 2000

Summary of Findings:

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

Release Date:
March 20, 2001

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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 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 Foundation’s 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
Investment Income
Net Increase in Fair Value of Investments
Service Fees
Support from University
Other Revenues
Total Revenues

EXPENDITURES

General and Operating
Scholarships and Distributions
Other Expenditures
Total Expenditures

 

$100,676,927
10,642,000
29,203,297
6,193,379
3,860,405
1,913,999
$152,490,007

 

$ 6,850,917
79,026,731
7,462,316
$93,339,964

 

$ 83,309,502
10,355,456
41,465,280
5,536,475
4,747,076
1,698,035
$147,111,824

 

$ 6,792,061
69,106,210
6,170,896
$82,069,167

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
14,202,273
10,669,187
5,616,352
19,616,874
$747,845,375

$633,357,629
14,588,931
11,529,087
4,134,271
20,415,265
$684,025,183

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