REPORT DIGEST


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


FINANCIAL AUDIT
For the Year Ended:
June 30, 1996






Release Date:
May 15, 1997









State of Illinois
Office of the Auditor General

WILLIAM G. HOLLAND
AUDITOR GENERAL

Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703
(217) 782-6046

INTRODUCTION

The report covers our examination of the financial statements of the Association of Alumni, Former Students and Friends of Southern Illinois University (at Carbondale) for the year ended June 30, 1996. A compliance audit for the two years ended June 30, 1997 will be performed next year.

AUDITORS' OPINION

Our auditors stated the June 30, 1996 financial statements of the Association are fairly presented.



___________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:KMA:pp

SPECIAL ASSISTANT AUDITORS

Coopers & Lybrand L.L.P. were our special assistant auditors assigned to the audit.
{Expenditures and Activity Measures are summarized on the reverse page.}

 

SOUTHERN ILLINOIS UNIVERSITY ALUMNI ASSOCIATION AT CARBONDALE
FINANCIAL AUDIT
For The Year Ended June 30, 1996

FINANCIAL OPERATIONS (ALL FUNDS)

FY 1996

FY 1995

REVENUES
Annual Membership Fees
Life Membership Fees
Contributions from Foundation
Budget allocation from SIU
Interest and Dividends
Other Revenues
Total Revenues

EXPENDITURES
Office and Administration
Membership Services
Other Expenditures
Total Expenditures


$ 89,884
112,292
134,000
551,610
77,015
285,610
$1,250,411


$ 775,715
297,598
13,680
$1,086,993


$ 87,990
106,625
134,000
428,834
70,639
148,118
$976,206


$ 491,482
286,218
13,557
$791,257

SELECTED ASSET BALANCES (ALL FUNDS)

AT JUNE 30,
1996

AT JUNE 30,
1995

Cash and Investments
Plant and Equipment
Other Assets
Total Assets

$1,383,523
121,263
20,768
$1,525,554

$1,367,836
18,404
28,950
$1,415,190

ASSOCIATION EXECUTIVE DIRECTOR
During the Audit: Mr. Edward M. Buerger
Currently: Mr. Edward M. Buerger