REPORT DIGEST

SOUTHERN ILLINOIS UNIVERSITY AT EDWARDSVILLE FOUNDATION

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

This report covers our examination of the financial statements of the Southern Illinois University at Edwardsville Foundation 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 Foundation are fairly presented.

____________________________________
WILLIAM G. HOLLAND, Auditor General

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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 AT EDWARDSVILLE FOUNDATION
FINANCIAL AUDIT
For The Year Ended June 30, 1996

FINANCIAL OPERATIONS (ALL FUNDS)	FY 1996	FY 1995
REVENUES Contributions and Gifts Investment Revenue Support from University Other Revenues Total Revenues EXPENDITURES General and Operating Scholarships and Distributions Other Expenditures Total Expenditures	$ 1,879,623 413,289 431,508 307,499 $ 3,031,919 $ 484,779 855,370 1,677 $ 1,341,826	$ 1,466,223 246,186 426,345 365,518 $ 2,504,272 $ 611,887 1,084,654 37,105 $ 1,733,646
SELECTED ASSET BALANCES (ALL FUNDS)	AT JUNE 30, 1996	AT JUNE 30, 1995
Cash and Investments Plant and Equipment Other Assets Assets held for Resale Total Assets	$ 5,881,910 438,345 383,979 1,020,000 $ 7,724,234	$ 5,571,395 414,434 136,232 - $ 6,122,061

FOUNDATION EXECUTIVE DIRECTOR

During the Audit: Dr. James Buck

Currently: Dr. James Buck