REPORT DIGEST

SOUTHERN ILLINOIS UNIVERSITY
FOUNDATION AT
CARBONDALE

COMPLIANCE AUDIT

For the Two Years Ended:
June 30, 1999

FINANCIAL AUDIT

For the Year Ended:
June 30, 1999

Summary of Findings:

Total this audit (HUD Audit)1

Total last audit (HUD Audit)1

Repeated from last audit   0

Release Date:
March 21, 2000

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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
Attn: Records Manager
Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703

(217)782-6046 or TDD (217) 524-4646

This Report Digest is also available on
the worldwide web at
http://www.state.il.us/auditor

 

 

INTRODUCTION

Our report on the Foundation includes three documents: 1) Financial Statements, 2) Compliance Audit, and 3) Evergreen Terrace Family Housing Project HUD Audit.

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

There were no material compliance findings disclosed during our audit tests of the Foundation. The Evergreen Terrace Family Housing Project Audit contains one recommendation related to reviewing eligibility of tenants which the Foundation has agreed to implement.

 

AUDITORS’ OPINION

Our auditors stated the June 30, 1999 financial statements of the Foundation are fairly presented.

 

 

 

___________________________________

WILLIAM G.HOLLAND, Auditor General

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SPECIAL ASSISTANT AUDITORS

PricewaterhouseCoopers L.L.P. were our special assistant auditors for this audit.

SOUTHERN ILLINOIS UNIVERSITY FOUNDATION AT CARBONDALE

FINANCIAL AND COMPLIANCE AUDIT

For The Two Years Ended June 30, 1999
FINANCIAL OPERATIONS (All Funds)

FY 1999

FY 1998
Revenues:
Contributions and Gifts
Investment Revenue
Support from University
Other revenues
Total revenues

Expenditures:
General and Operating
Scholarships and Distributions
Other Expenditures
Total expenditures


$9,642,790
4,687,447
2,164,117
2,594,256
$19,088,610


$3,034,468
8,517,819
331,238
$11,883,525


$8,045,167
5,211,920
2,342,313
1,657,320
$17,256,720


$3,034,407
7,223,568
399,300
$10,657,275
SELECTED ASSETS BALANCES (All Funds)

At June 30, 1999

At June 30, 1998
Cash and investments

Plant and equipment

Other assets

Total assets

$59,013,701

2,290,369

434,299

$61,738,299

$51,880,088

2,338,476

337,372

$54,555,936
EXECUTIVE DIRECTOR
During the audit: Mr. Bryan Vagner
Currently: Mr. Bryan Vagner