REPORT DIGEST

GOVERNORS STATE UNIVERSITY ALUMNI ASSOCIATION

FINANCIAL AUDIT

For the Year Ended:

June 30, 2000

 

Release Date:
February 22, 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

 

 

 

 

 

 

 

 

INTRODUCTION

Our report covers our financial audit for the year ended June 30, 2000. A compliance audit covering the two years ending June 30, 2001 will be performed next year.

AUDITORS’ OPINION

Our auditors state the financial statements of Governors State University Alumni Association at June 30, 2000 are fairly presented in all material respects.

 

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

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SPECIAL ASSISTANT AUDITORS

Our special assistant auditors for this audit were

De Raimo, Hillger & Ripp.

{Expenditures and Activity Measures are summarized on the reverse page.}

 

GOVERNORS STATE UNIVERSITY ALUMNI ASSOCIATION

FINANCIAL AUDIT

For The Period Ended June 30, 2000

FINANCIAL OPERATIONS (ALL FUNDS)

FY 2000

FY 1999

REVENUE

Contributions
Investment Revenue
Support from University
Alumni Events
Total Revenue

EXPENDITURES

Academic Awards
University Support
Budget Allocation from GSU
Alumni Events
General
Total Expenditures

 

$98,114
13,242
8,067
7,354
$126,777

 

$31,632
33,951
8,067
7,215
14,151
$95,016

 

$111,159
11,405
13,107
5,784
$141,455

 

$37,913
45,084
13,107
1,895
25,763
$123,762

SELECTED ACCOUNT BALANCES

AT JUNE 30, 2000

AT JUNE 30, 1999

Cash and Investments
Accounts Receivable
Total Assets
Accounts Payable
Fund Balances
Current Unrestricted
Current Restricted
Endowment Fund
Total Fund Balances
Total Liabilities and Fund Balances

$269,936
7,160
$277,096

$2,097
171,264
50,606
53,129
$274,999
$277,096

$250,313 31313
3,081
$253,394

$10,156
138,891
53,205
51,142
$243,238
$253,394

AGENCY EXECUTIVE DIRECTOR
During Audit Period: Rosemary D. Hulett-Porter
Currently: Rosemary D. Hulett-Porter