REPORT DIGEST WESTERN ILLINOIS UNIVERSITY FINANCIAL AND COMPLIANCE AUDIT (In accordance with the Single Audit Act and OMB Circular A-133) For the Year Ended Summary of Findings: Total this audit 0 Release Date: State of Illinois Office of the Auditor General WILLIAM G. HOLLAND AUDITOR GENERAL To obtain a copy of the Report contact: |
FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS There were no material compliance findings disclosed during our audit tests. We commend the University for maintaining an effective system of internal controls.
AUDITORS OPINION Our auditors state the financial statements of Western Illinois University as of June 30, 2002, and for the year then ended, are fairly presented in all material respects.
____________________________________ WILLIAM G. HOLLAND, Auditor General WGH:KMA:pp
SPECIAL ASSISTANT AUDITORS Washington, Pittman & McKeever, LLC were our special assistant auditors for this audit. {Financial Information is summarized on the reverse page.}
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WESTERN ILLINOIS UNIVERSITY
FINANCIAL AND COMPLIANCE AUDIT
For the Year Ended June 30, 2002
FINANCIAL OPERATIONS | FY 2002 |
FY 2001* |
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Revenues State Appropriations Tuition and Fees Auxiliary Enterprises Grants and Contracts Sales and Services of Education Departments Other Total |
$93,763,543 34,216,328 39,354,042 22,101,821 7,091,420 4,991,700 $201,518,854 |
$81,120,176 36,249,034 38,680,981 19,263,675 12,124,534 4,761,858 $192,200,258 |
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Expenses Instruction Research Public Service Academic Support Student Services Institutional Support Operation of Plant Auxiliary Enterprises Staff Benefits On-behalf Payments Depreciation Interest Other Total |
$49,106,545 8,097,846 8,297,367 12,368,458 13,697,961 15,870,664 10,763,227 34,438,211 6,839,780 20,531,853 8,168,989 2,740,048 5,362,370 $196,283,319 |
$46,670,534 7,936,375 7,592,028 13,295,121 14,517,228 17,262,495 14,110,118 37,246,154 2,036,742 19,705,814 - - 9,832,111 $190,204,720 |
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SELECTED ACCOUNT BALANCES | June 30, 2002 |
June 30, 2001* |
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Cash and
Investments Capital Assets Accrued Compensated Absences Revenue Bonds Payable |
$57,400,644 $118,248,453 $21,046,397 $57,686,123 |
$42,953,133 $267,019,133 $20,384,637 $46,225,006 |
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*The FY 2001 figures have not been restated to reflect the implementation of GASB Statements #35, 37 and 38. |
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SUPPLEMENTAL INFORMATION | FY 2002 |
FY 2001 |
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Employment
Statistics Faculty and Administrative Civil Service Students Total Employees |
1,059 856 332 2,247 |
1,031 857 321 2,209 |
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Enrollment
Statistics Fall term enrollment - undergraduate Fall term enrollment -graduate Fall term enrollment - extension Full-time equivalent cost per student |
10,112 1,964 1,130 $8,557 |
9,965 2,007 1,117 $8,217 |
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UNIVERSITY PRESIDENT | |||
During Audit
Period: Dr. Donald Spencer (1994 thru 12/01), Dr. David Taylor, Interim (1/02 thru 6/02) Currently: Dr. Alvin Goldfarb (effective 7/1/02) |