REPORT DIGEST


EASTERN ILLINOIS UNIVERSITY FOUNDATION



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 Foundation for the fiscal year ended June 30, 1996. Our audit was performed to express an opinion on the Eastern Illinois University Foundation'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 Foundation 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 FOUNDATION
FINANCIAL AND COMPLIANCE AUDIT
For The Period Ended June 30, 1996

COMPARATIVE BALANCE SHEET
(ALL FUNDS)

FY 1996

FY 1995

FY 1994

Assets
Current Unrestricted Fund
Current Restricted Fund
Endowment Fund
Deferred Giving Fund
Agency Fund
Property Fund
Total Assets

Liabilities

Current Unrestricted Fund
Current Restricted Fund
Endowment Fund
Deferred Giving Fund
Agency Fund
Property Fund
Total Liabilities

Fund Balances

Current Unrestricted
Current Restricted
Endowment Fund
Deferred Giving Fund
Agency Fund
Property Fund
Total Fund Balances

Total Liabilities and Fund Balances



$ 60,856
2,323,581
12,770,309
3,795,725
1,858,152
200,572
$21,009,195



$ 91
12,372
356,196
2,843,970
1,858,152
0
$5,070,781



$60,765
2,311,209
12,414,113
951,755
0
200,572
$15,938,414

$21,009,195



$ 57,751
2,520,237
11,695,761
2,246,676
1,672,811
187,385
$18,380,621



$ 36,140
8,695
0
1,561,297
1,672,811
3,973
$ 3,282,916



$ 21,611
2,511,542
11,695,761
685,379
0
183,412
$15,097,705

$18,380,621


$ 14,620
2,187,595
9,520,695
2,240,141
1,341,190
185,664
$15,489,905



$ 22,769
16,436
0
1,587,251
1,341,190
7,994
$ 2,975,640



$ (8,149)
2,171,159
9,520,695
652,890
0
177,670
$12,514,265

$15,489,905
CHANGES IN FUND BALANCES

FY 1996

FY 1995

FY 1994

Revenue and Other Additions

$3,052,436

$3,805,108

$2,564,478

Expenditures and Other Deductions

2,211,727

1,221,668

1,176,121

Net Increase for the Year

$ 840,709

$2,583,440

$ 1,388,357

AGENCY EXECUTIVE OFFICER
During Audit Period: Ms. Barbara E. Hilke
Currently: Ms. Barbara E. Hilke