REPORT DIGEST



EASTERN ILLINOIS UNIVERSITY ALUMNI ASSOCIATION



FINANCIAL AUDIT
For the One Year Ended:
June 30, 1996







Release Date:
May 15, 1997










State of Illinois
Office of the Auditor General

WILLIAM G. HOLLAND
AUDITOR GENERAL

Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703
(217) 782-6046

INTRODUCTION

Our report covers the financial audit of the Alumni Association for the fiscal year ended June 30, 1996. Our audit was performed to express an opinion on Eastern Illinois University Alumni Association's financial statements and to report on special data required by the 1982 University Guidelines. The Guidelines were issued by the Legislative Audit Commission to codify and improve the State universities' fiscal practices and administration of locally held funds.
A compliance audit for the two years ending June 30, 1997 will be performed at a later date.

AUDITORS' OPINION

Our auditors state the June 30, 1996 financial statements of the Eastern Illinois University Alumni Association are fairly presented.



_____________________________________
WILLIAM G. HOLLAND, Auditor General

WGH:JHL:pp

SPECIAL ASSISTANT AUDITORS

Our special assistant auditors for this engagement were Kerber, Eck & Braeckel LLP.
{Expenditures and Activity Measures are summarized on the reverse page.}

 

EASTERN ILLINOIS UNIVERSITY ALUMNI ASSOCIATION
FINANCIAL AUDIT
For the Period Ended June 30, 1996

COMPARATIVE BALANCE SHEET
(BOTH FUNDS)

FY 1996

FY 1995

FY 1994

Assets

Unrestricted Fund
Property Fund
Total Assets

Liabilities and Fund Balances

Unrestricted Fund Liabilities
Unrestricted Fund Balance
Property Fund Balance
Total Liabilities and Fund Balances



$134,998
94,265
$229,263



$ 72,627
62,371
94,265
$229,263



$139,486
94,265
$233,751



$ 95,060
44,426
94,265
$233,751



$ 27,944
94,265
$122,209



$ 8,438
19,506
94,265
$122,209

CHANGES IN FUND BALANCES

FY 1996

FY 1995

FY 1994

Revenue and Other Additions
Expenditures and Other Deductions
Net Increase for the Year

$ 56,344
38,399
$ 17,945

$ 47,160
22,240
$ 24,920

$ 42,403
38,317
$ 4,086

ALUMNI ASSOCIATION DIRECTOR(S)
During Audit Period: Mr. Steve Rich, Executive Officer
Currently: Mr. Steve Rich, Executive Officer