REPORT DIGEST

 

THE ASSOCIATION OF ALUMNI, FORMER STUDENTS AND FRIENDS OF SOUTHERN ILLINOIS UNIVERSITY (CARBONDALE)

 

FINANCIAL AUDIT

For the Year Ended:

June 30, 2004

 

 

Release Date:

January 27, 2005

 

 

 

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 is also available on

the worldwide web at

http://www.state.il.us/auditor

 

 

 

INTRODUCTION

 

 

††††† This digest covers our financial audit of the Association of Alumni, Former Students and Friends of Southern Illinois University (Carbondale) for the year ended June 30, 2004.A compliance audit covering the two years ended June 30, 2005 will be issued at a later date.

 

 

 

AUDITORSí OPINION

 

††††† Our auditors stated the June 30, 2004 financial statements of the Alumni Association are fairly presented in all material respects.

 

 

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

 

WGH:KAL :pp

 

 

 

 

 

SPECIAL ASSISTANT AUDITORS

 

††††† Kerber, Eck & Braeckel LLP were our special assistant auditors for this audit.

 

 

 

 

 


THE ASSOCIATION OF ALUMNI, FORMER STUDENTS AND FRIENDS OF

SOUTHERN ILLINOIS UNIVERSITY (CARBONDALE)

FINANCIAL AUDIT

For The Year Ended June 30, 2004

 

FINANCIAL OPERATIONS (All Funds)

FY 2004

FY 2003

REVENUES

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

 

EXPENSES

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

 

††††††††††† Operating Income .........................................

 

NONOPERATING REVENUES (EXPENSES)

††††† Investment gain....................................................

††††† Contributions.......................................................

 

††††††††††† Net Nonoperating Revenues/(Expenses).........

 

††††††††††† Increase in Net Assets....................................

 

NET ASSETS

††††† Net Assets-beginning of year, as originally reported

††††† Cumulative effect of change in accounting method

††††† Net Assets-beginning of year, as restated..............

 

††††† Net Assets-end of year........................................

 

 

$1,417,626

 

 

$1,254,713

 

$162,913

 

 

$394,327

$10,616

 

$404,943

 

$567,856

 

 

$1,846,290

$0

$1,846,290

 

$2,414,146

 

$1,313,167

 

 

$1,115,079

 

$198,088

 

 

$111,288

$2,694

 

$113,982

 

$312,070

 

 

$2,463,399

$(929,179)

$1,534,220

 

$1,846,290

OTHER SIGNIFICANT ACCOUNT BALANCES

At June 30, 2004

At June 30, 2003

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

Total assets.............................................................

Deferred Revenue......................................................

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

Net Assets-Invested in capital assets..........................

Net Assets-Unrestricted.............................................

Total Net Assets.....................................................

 

$3,942,593

$3,988,414

$1,475,100

$1,574,268

$3,711

$2,410,435

$2,414,146

$3,385,590

$3,439,359

$1,516,992

$1,593,069

$5,657

$1,840,633

$1,846,290

 

 ALUMNI ASSOCIATION DIRECTOR

 

During Audit Period: Mr. Edward Buerger

Currently:Mr. Edward Buerger