REPORT DIGEST

 

THE ASSOCIATION OF ALUMNI, FORMER STUDENTS AND FRIENDS OF SOUTHERN ILLINOIS UNIVERSITY, INC.

 

COMPLIANCE EXAMINATION

For the Two Years Ended:

June 30, 2005

AND

FINANCIAL AUDIT

For the Year Ended:

June 30, 2005

 

Summary of Findings:

Total this audit†††††††††††††             0

Total last audit†††††††††††            †† 0

Repeated from last audit†††††††††† 0

 

 

Release Date:

March 23, 2006 

 

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

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

 

 

 

 

 

 

 

 

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

 

††††† There were no material compliance findings disclosed during our examination.We commend the Alumni Association for maintaining effective fiscal controls.

 

 

 

 

AUDITORSí OPINION

 

††††† Our auditors stated the June 30, 2005 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.

 

 

 

 


 

 

ASSOCIATION OF ALUMNI, FORMER STUDENTS AND FRIENDS OF

SOUTHERN ILLINOIS UNIVERSITY, INC.

COMPLIANCE EXAMINATION AND FINANCIAL AUDIT

For The Years Ended June 30, 2005

 

FINANCIAL OPERATIONS (All Funds)

FY 2005

FY 2004

REVENUES

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

 

EXPENSES

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

 

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

 

NONOPERATING REVENUES

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

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

 

††††††††††† Net Nonoperating Revenues...........................

 

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

 

NET ASSETS

††††† Net Assets-beginning of year

†††††

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

 

 

$1,712,264

 

 

1,547,470

 

$164,794

 

 

$304,815

9,040

 

$313,855

 

478,649

 

 

2,414,146

 

$2,892,795

 

 

$1,417,626

 

 

1,254,713

 

$162,913

 

 

$394,327

10,616

 

$404,943

 

567,856

 

 

1,846,290

 

$2,414,146

OTHER SIGNIFICANT ACCOUNT BALANCES

At June 30, 2005

At June 30, 2004

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

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

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

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

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

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

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

 

$4,792,379

$4,855,830

$1,877,057

$1,963,035

$4,788

$2,888,007

$2,892,795

$3,942,593

$3,988,414

$1,475,100

$1,574,268

$3,711

$2,410,435

$2,414,146

 

 

ALUNNI ASSOCIATION DIRECTOR

 

During Audit Period:Mr. Edward Buerger

Currently:Mr. Edward Buerger