REPORT DIGEST

NORTHERN ILLINOIS UNIVERSITY ALUMNI ASSOCIATION

FINANCIAL AUDIT

For the Year Ended:

June 30, 2001

Release Date:
February 7, 2002

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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 the financial audit for the period ending June 30, 2001.

 

 

AUDITORS’ OPINION

 

Our auditors state the Alumni Association’s financial statements as of June 30, 2001 were fairly presented.

 

 

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:SES:pp

SPECIAL ASSISTANT AUDITORS

The Bronner Group, Inc. were our special assistant auditors on this audit.

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

 

 

NORTHERN ILLINOIS UNIVERSITY ALUMNI ASSOCIATION
FINANCIAL AUDIT
For the Year Ended June 30, 2001

FINANCIAL OPERATIONS (ALL FUNDS)

FY 2001

FY 2000

REVENUES

Gifts
Royalties
Investment Income (loss)
Net Increase (Decrease) in Fair Value of
Investments
All Other Income
Total Revenue

 

$198,367
98,644
(31,236)

(25,517)
37,773
$278,031

 

$16,024
124,241
38,660

139,713
6,333
$324,971

EXPENDITURES

Scholarships and Awards
Personal Services Support Paid to University
Contractual Services
Travel
Miscellaneous
Total Expenditures

 

$61,866
31,240
17,803
4,615
895
$116,419

 

$63,176
50,944
79,784
6,922
1,961
$202,787

SELECTED ACCOUNT BALANCES

AT JUNE 30, 2001

AT JUNE 30, 2000

Funds Held by Northern Illinois University Foundation

Accounts Payable
Unrestricted Fund Balance
Restricted Fund Balance
Endowment


$1,817,265
32,003
132,320
103,234
1,549,708


$1,625,888
2,709
49,159
28,310
1,546,181

FOUNDATION OFFICIALS
During Audit Period: Lee McCauley
Currently: Lee McCauley