REPORT DIGEST

 

NORTHERN ILLINOIS UNIVERSITY

 

FINANCIAL AUDIT

For the Year Ended:

June 30, 2009

 

 

 

 

 

Release Date:

March 3, 2010

 

 

 

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

www.auditor.illinois.gov

 

 

 

 

INTRODUCTION

 

††††† This digest covers our financial audit of Northern Illinois University for the year ended June 30, 2009.A compliance examination covering the year ended June 30, 2009 will be issued at a later date.

 

 

 

AUDITORSí OPINION

 

††††† Our auditors stated the financial statements of Northern Illinois University as of June 30, 2009, and for the year then ended, are fairly presented in all material respects.

 

 

 

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

 

WGH:LKW:pp

 

 

 

 

SPECIAL ASSISTANT AUDITORS

 

Our special assistant auditors for this audit were Clifton Gunderson, LLP.

 

 

 

 

 

 

 

 

 

 

 

 


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


 

 

 

NORTHERN ILLINOIS UNIVERSITY

FINANCIAL AUDIT

For The Year Ended June 30, 2009 (in Thousands)

 

 

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS

FY 2009

FY 2008

OPERATING REVENUES

Tuition and fees, net..............................................................

Auxiliary enterprises.............................................................

Grants, contracts, and gifts....................................................

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

Other...................................................................................

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

OPERATING EXPENSES

Instruction............................................................................

Research..............................................................................

Public service.......................................................................

Academic support................................................................

Student services...................................................................

Operation and maintenance of plant......................................

Depreciation.........................................................................

Institutional support..............................................................

Staff benefits........................................................................

Student aid...........................................................................

Auxiliary enterprises.............................................................

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

Net Operating Loss.............................................................

NONOPERATING REVENUES (EXPENSES)

State appropriations..............................................................

Investment income.................................................................

Pell grants.............................................................................

Interest expense......................................................................

Net increase in fair value of investments

Total Nonoperating and Other Revenues............................

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

Net Assets, beginning of the year..............................................

Net Assets, end of the year...................................................

 

†† $125,882

†††††† 97,949

†††††† 45,511

†††††† 20,716

†† ††††† 3,977

†† $294,035

 

†† $126,776

†††††† 22,319

†††††† 24,020

†††††† 34,790

†††††† 12,052

†††††† 30,842

†††††† 20,831

†††††† 31,878

†††††† 72,004

†††††† 17,151

†† † ††83,071

†† $475,734

($181,699)

 

†† $177,502

†††††††† 1,917

†††††† 16,861

†††††† (8,641)

†† ††††††††117

†† $187,756

††††† $ 6,057

†††† 215,805

†† $221,862

 

†† $116,800

†††††† 97,946

†††††† 38,652

†††††† 20,759

†† ††††† 3,274

†† $277,431

 

†† $125,392

†††††† 17,263

†††††† 27,864

†††††† 31,966

†††††† 12,828

†††††† 25,628

†††††† 19,208

†††††† 35,075

†††††† 66,331

†††††† 15,057

†† ††† 77,777

†† $454,389

($176,958)

 

†† $169,399

†††††††† 2,993

†††††† 14,498

†††††† (8,756)

†† ††††††††349

†† $178,483

††††† $ 2,150

†††† 213,655

†† $215,805

SELECTED ACCOUNT BALANCES

FY 2009

FY 2008

Cash and cash equivalents......................................................

Investments and marketable securities.....................................

Capital assets, net...................................................................

All other assets.......................................................................

Accounts payable and accrued liabilities..................................

Revenue bonds, notes, contracts and leases payable................

All other liabilities...................................................................

$32,668

54,530

320,261

54,892

43,063

153,468

$43,958

$11,017

93,046

317,515

35,165

33,255

157,836

$49,847

UNIVERSITY PRESIDENT

 

 

During Audit Period:Dr. John G. Peters

Currently:Dr. John G. Peters