REPORT DIGEST

 

SOUTHERN ILLINOIS UNIVERSITY

 

FINANCIAL STATEMENT AUDIT

For the Year Ended:

June 30, 2007

 

Summary of Findings:

Total This Year:

- Financial audit†††††††††††††††††† 0

Total Last Year:

- Financial audit††††††††††         0

Repeated From Last Year:

- Financial audit                   0

 

Release Date:

March 25, 2008

 

 

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 the Full Report are also available on

the worldwide web at

http://www.auditor.illinois.gov

 

INTRODUCTION

 

††††† This report covers the Financial Audit of Southern Illinois University for the year ended June 30, 2007.This report does not contain any findings.Findings related to the State Compliance Examination and the Single Audit will be issued at a later date.

 

 

AUDITORSí OPINION

 

††††† Our auditors stated the financial statements of the University as of June 30, 2007 and for the year then ended are fairly presented in all material respects.

 

 

 

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

 

WGH:KAL:pp

 

 

SPECIAL ASSISTANT AUDITORS

 

††††† Crowe Chizek & Company, LLC were our special assistant auditors for this audit.

 

 

 

 

 

 

 

 

 

 

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


SOUTHERN ILLINOIS UNIVERSITY

FINANCIAL STATEMENT AUDIT

FOR THE YEAR ENDED JUNE 30, 2007

 

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS

 
FY2007

 

FY2006

OPERATING REVENUES

††† Student tuition and fees.........................................

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

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

    Sales and services of educational activities...........

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

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

OPERATING EXPENSES

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

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

    Public services......................................................

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

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

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

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

    Scholarships and fellowships...................................

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

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

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

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

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

NON-OPERATING REVENUES (EXPENSES)

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

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

††† Other non-operating revenues (expenses), net........

††††† Net Non-operating Revenues ......................

Income (Loss) Before Capital Contributions.......

†††† Capital appropriations, additions to endowments and
     capital grants and gifts...........................................

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

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

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

 

 

$182,140,804

83,367,711

89,604,596

52,529,185

39,603,670

$447,245,966

 

$259,860,902

57,700,962

56,378,043

112,268,877

55,192,637

54,640,752

65,398,396

19,159,776

77,328,543

34,958,458

350,826

$793,238,172

($345,992,206)

 

$223,149,103

106,525,874

34,315,848

$363,990,825

$17,998,619

 

$32,650,797

$50,649,416

$375,488,020

$426,137,436

 

$156,557,921

78,597,396

100,738,941

92,141,388

322,278

$428,357,924

 

$249,878,046

63,636,130

54,923,313

103,935,635

51,296,734

51,562,883

66,850,255

19,047,927

73,435,273

35,641,988

439,978

$770,648,162

($342,290,238)

 

$217,597,790

94,771,410

29,676,351

$342,045,551

($244,687)

 

$8,681,091

$8,436,404

$367,051,616

$375,488,020

SELECTED ACCOUNT BALANCES

JUNE 30, 2007

JUNE 30, 2006

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

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

Total Assets.....................................................

Revenue bonds, notes payable and capital lease

†††††††† obligations................................................

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

Total Liabilities................................................

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

$221,463,550

$572,516,218

$868,278,645

 

$239,784,222

$46,820,844

$442,141,209

$426,137,436

$255,911,273

$501,153,312

$827,406,841

 

$247,983,156

$45,304,330

$451,918,821

$375,488,020

UNIVERSITY PRESIDENT

During Audit Period: Mr. Glenn Poshard

Currently: Mr. Glenn Poshard