REPORT DIGEST

CHICAGO STATE UNIVERSITY

FOUNDATION

FINANCIAL AUDIT

For the One Year Ended:

June 30, 2002

 

Release Date:
March 18, 2003

logo.jpg (8630 bytes)

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

 

 

 

INTRODUCTION

Our report covers the financial audit for the period ended June 30, 2002.

 

 

 

AUDITORS' OPINION

Our auditors stated the June 30, 2002 financial statements of the Chicago State University Foundation are fairly presented in all material respects.

 

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

 

 

WGH:TLK:pp

 

SPECIAL ASSISTANT AUDITORS

Washington, Pittman & McKeever, LLC were our special assistant auditors for this audit.

 

CHICAGO STATE UNIVERSITY FOUNDATION
FINANCIAL AUDIT
For The Year Ended June 30, 2002

FINANCIAL OPERATIONS (CURRENT FUNDS)

FY 2002

FY 2001

REVENUES

Contributions

Investment Income (loss)

Other Revenue

Total Revenue

EXPENSES

Direct Program

Scholarships

Other Expenditures

Total Expenses

INCREASE (DECREASE) IN NET ASSETS

 

$971,898

(36,739)

515,310

$1,450,469

 

$612,712

179,580

650,085

$1,442,377

$8,092

 

$1,314,547

59,160

606,649

$1,980,356

 

978,622

240,558

766,537

$1,985,717

$(5,361)

FOUNDATION EXECUTIVE DIRECTOR
During Audit Period: Mr. Katey Assem
Currently: Mr. Katey Assem