REPORT DIGEST
UNIVERSITY OF ILLINOIS
ALUMNI ASSOCIATION
FINANCIAL AUDIT For the Year Ended: June 30, 2005 Release Date:
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 is also
available on the worldwide web at http://www.state.il.us/auditor |
AUDITORS’ OPINION Our auditors stated the Alumni Association’s June 30, 2005 financial statements are fairly presented in all material respects. ____________________________________ WILLIAM G. HOLLAND, Auditor General WGH:KMA:dw SPECIAL ASSISTANT AUDITORS Our special assistant auditors were Clifton Gunderson LLP. |
UNIVERSITY OF ILLINOIS
ALUMNI ASSOCIATION
FINANCIAL
AUDIT
For The
Year Ended June 30, 2005
FINANCIAL
OPERATIONS (All Funds) |
FY 2005 |
FY 2004 |
OPERATING REVENUES................................................. OPERATING EXPENSES................................................... Operating income.............................................................. NONOPERATING REVENUES (EXPENSES) Investment income............................................................. Contributions..................................................................... Net increase in fair value of investments.............................. Net nonoperating revenues (expenses)......................... Increase in net assets................................................... NET ASSETS, beginning of year......................................... NET ASSETS, end of year................................................... |
$8,121,700
$7,235,400 $886,300 $279,700 $(1,362,600) $1,024,200 $(58,700) $827,600 $15,242,200 $16,069,800 |
$7,507,700
$7,144,500 $363,200 $284,000 $(145,300) $1,806,800 $1,945,500 $2,308,700 $12,933,500 $15,242,200 |
OTHER SIGNIFICANT ACCOUNT BALANCES |
At June 30, 2005 |
At June 30, 2004 |
Cash and Investments.............................................................. Total Assets.......................................................................... Deferred Revenues.................................................................. Total Liabilities..................................................................... Total Net Assets................................................................... |
$16,001,300 $17,152,800 $754,400 $1,083,000 $16,069,800 |
$14,482,800 $15,563,100 $47,700 $320,900 $15,242,200 |
ALUMNI ASSOCIATION PRESIDENT |
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Currently: Mr. Loren R. Taylor |