REPORT DIGEST

 

EASTERN ILLINOIS UNIVERSITY

 

FINANCIAL AUDIT

For the Year Ended:

June 30, 2006

 

 

 

 

 

 

 

 

Release Date:

January 24, 2007

 

 

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

Iles Park Plaza

740 E. Ash Street

Springfield, IL 62703

(217) 782-6046 or TTY (888) 261-2887

 

This Report Digest and Full Report are also available on

the worldwide web at http://www.state.il.us/auditor

 

 

 

 

 

 

 

INTRODUCTION

 

††††† Our report covers the financial audit for the year ended
June 30, 2006.

 

 

AUDITORSí OPINION

 

††††† Our auditors state the June 30, 2006 financial statements of Eastern Illinois University are fairly presented in all material respects.

 

 

 

___________________________________

WILLIAM G. HOLLAND, Auditor General

 

WGH:KMA:pp

 

SPECIAL ASSISTANT AUDITORS

 

††††† Our special assistant auditors for this audit were E.C. Ortiz & Co., LLP.

 

 

 

 

 

 

 

 

 

 

 

 

 

(Expenditures and Activity Measures are summarized on the reverse page.)

 

 

 


††††††††††††††††††††††††††††††††††††††††††††††††† EASTERN ILLINOIS UNIVERSITY

†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† FINANCIAL AUDIT

††††††††††††††††††††††††††††††††††††††††††††††††††† For The Year Ended June 30, 2006

 

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS

FY 2006
FY 2005

OPERATING REVENUES

††††† Student tuition and fees, net.................................................................................................. Auxiliary enterprises, net........................................................................................................

††††† Grants and contracts...............................................................................................................

††††† Sales and services of educational departments..................................................................

††††† Other..........................................................................................................................................

††††††††††† Total Operating Revenues..............................................................................................

OPERATING EXPENSES

††††† Instruction...........................................................................................................................

††††† Auxiliary enterprises..........................................................................................................

††††† Institutional support...............................................................................................................

††††† Student services......................................................................................................................

††††† Academic support..............................................................................................................

††††† Operations and maintenance of plant.............................................................................

††††† Depreciation expense........................................................................................................

††††† Public service......................................................................................................................

††††† Student aid..........................................................................................................................

††††† Research..............................................................................................................................

........... Total Operating Expenses................................................................................................

Operating Loss.............................................................................................................................

NONOPERATING REVENUES (EXPENSES)

††††† State appropriations................................................................................................................

††††† Payments on behalf of the University..................................................................................

††††† Other nonoperating revenues (expenses), net....................................................................

††††††††††† Total Nonoperating Revenues (Expenses)...................................................................

Income Before Capital Contributions.......................................................................................

Capital appropriations, capital gifts and donated assets..........................................................

INCREASE IN NET ASSETS.......................................................................................................

Net assets, beginning of the year...............................................................................................

Net assets, end of the year..........................................................................................................

†††

$56,480,594

  36,096,832

  14,137,808

    3,972,693

      2,493,714 $113,181,641

  

  $70,108,070

    27,178,279

    16,319,773

    17,606,275

    12,254,338

    10,895,526

    11,663,569

      7,758,929

      5,128,002

    1,171,032 $180,083,793 $(66,902,152)

 

  $47,609,499

    24,902,749

      4,041,387

  $76,553,635

    $9,651,483

    21,675,762

  $31,327,245

    98,680,711 $130,007,956

†††

$49,726,069

  33,777,288

  14,179,194

    3,691,383

††††2,361,455

$103,735,389

 

††† $67,892,563

  26,356,774

  16,648,005

  16,287,373

  11,993,150

  10,845,988

  10,550,627

    7,724,273

    4,384,504

    1,152,343 $173,835,600 $(70,100,211)

 

††† $47,609,309

  25,551,432

    1,927,184 $75,087,925

  $4,987,714

    5,032,061 $10,019,775

  88,660,936 $98,680,711

SELECTED ACCOUNT BALANCES

JUNE 30, 2006

JUNE 30, 2005

Cash and investments..................................................................................................................

Capital assets, net of accumulated depreciation......................................................................

Revenue bonds, notes payable, certificates of participation, and capital lease obligations....

Accrued compensated absences................................................................................................

Net assets.......................................................................................................................................

  $34,954,253 $178,184,836

  $66,800,645

  $14,537,972 $130,007,956

  $36,716,542

$153,154,084

  $71,922,421

  $14,716,776

  $98,680,711

UNIVERSITY PRESIDENT

During Audit Period and Currently: Mr. Louis V. Hencken