REPORT DIGEST



SOUTHERN ILLINOIS UNIVERSITY AT EDWARDSVILLE FOUNDATION



COMPLIANCE AUDIT
For the Two Years Ended:
June 30, 1997



Summary of Findings

Total this audit 0
Total last audit 3
Repeated from last audit 0





Release Date:
April 23, 1998




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

There were no material compliance findings disclosed during our audit tests. We commend the Foundation for maintaining effective fiscal controls.

AUDITORS' OPINION

Our financial audit of the Foundation is being issued separately. Our auditors stated the June 30, 1997 financial statements of the Foundation 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 AT EDWARDSVILLE FOUNDATION
FINANCIAL AND COMPLIANCE AUDIT
For The Two Years Ended June 30, 1997



 

FINANCIAL OPERATIONS (ALL FUNDS)

FY 1997

FY 1996

  • REVENUES

Contributions
Investment Revenue
Support from University
Other Revenues
Total Revenues

  • EXPENDITURES

General and Operating
Scholarships and Distributions
Other Expenditures
Total Expenditures

 

 

 

 



$1,140,005
414,201
506,006
395,785
$2,455,997



$634,148
1,269,548
14,364
$1,918,060





$1,879,623
413,289
431,508
307,499
$3,031,919



$484,779
855,370
1,677
$1,341,826



SELECTED ASSET BALANCES (ALL FUNDS)

AT JUNE 30, 1997

AT JUNE 30, 1996

Cash and Investments
Plant and Equipment
Other Assets
Assets held for Resale
Total Assets

 

 

$6,791,545
441,120
227,292
1,020,000
$8,479,957

$5,881,910
438,345
383,979
1,020,000
$7,724,234

FOUNDATION CHIEF EXECUTIVE OFFICER
During the Audit: Dr. James Buck
Currently: Dr. James Buck