REPORT DIGEST

 

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

 

FINANCIAL AUDIT

For the Year Ended:

June 30, 2006

 

 

 

 

Release Date:

February 8, 2007 

 

 

 

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

 

 

 

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, 2006.A compliance audit covering the two years ended June 30, 2007 will be issued at a later date.

 

 

 

AUDITORSí OPINION

 

††††† Our auditors stated the June 30, 2006 financial statements of the Alumni Association are fairly presented in all material respects.

 

 

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

 

WGH:KAL:pp

 

 

 

 

 

SPECIAL ASSISTANT AUDITORS

 

††††† Crowe Chizek and Company, LLC 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, 2006

 

FINANCIAL OPERATIONS (All Funds)

FY 2006

FY 2005

REVENUES

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

 

EXPENSES

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

 

††††††††††† Operating Revenue in excess of expenses.......

 

NON-OPERATING REVENUES

††††† Investment gain, dividends and interest..................

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

 

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

 

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

 

NET ASSETS

††††† Net Assets-beginning of year

†††††

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

 

 

$1,969,982

 

 

1,723,804

 

$246,178

 

 

$368,450

14,682

 

$383,132

 

$629,310

 

 

2,892,795

 

$3,522,105

 

$1,804,312

 

 

1,639,518

 

$164,794

 

 

$304,815

9,040

 

$313,855

 

$478,649

 

 

2,414,146

 

$2,892,795

OTHER SIGNIFICANT ACCOUNT BALANCES

At June 30, 2006

At June 30, 2005

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

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

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

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

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

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

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

$5,483,507

$5,571,891

$1,950,720

$2,049,786

$3,804

$3,518,301

$3,522,105

$4,792,379

$4,855,830

$1,877,057

$1,963,035

$4,788

$2,888,007

$2,892,795

 

 

ALUMNI ASSOCIATION DIRECTOR

 

During Audit Period:Mr. Edward Buerger

Currently:Mr. Edward Buerger