REPORT DIGEST

WESTERN ILLINOIS UNIVERSITY 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 Western Illinois University 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 state the Foundation's June 30, 1996 financial statements are fairly presented.

____________________________________
WILLIAM G. HOLLAND, Auditor General

WGH:JTD:pp

SPECIAL ASSISTANT AUDITORS

Deloitte & Touche LLP were our special assistant auditors for this audit.

{Financial Information is summarized on the reverse page.}

WESTERN ILLINOIS UNIVERSITY FOUNDATION
FINANCIAL AUDIT
For The Year Ended June 30, 1996

FINANCIAL OPERATIONS (ALL FUNDS)	FY 1996	FY 1995
REVENUE Contributions and Pledges Investment Revenue Support from WIU Other Revenue Sources Total Revenue	$1,682,228 479,015 449,761 226,455 $2,837,459	$1,494,409 322,400 385,943 214,512 $2,417,264
EXPENDITURES Scholarships Contractual Services Cost of Services from WIU Assets Purchased and Donated to WIU Funds Transferred to WIU Other Expenditures Total Expenditures	$ 615,053 273,078 449,761 213,812 197,111 378,607 $2,127,422	$ 586,956 241,290 385,943 130,591 123,651 292,295 $1,760,726
SELECTED ACCOUNT BALANCES (ALL FUNDS)	AT JUNE 30, 1996	AT JUNE 30, 1995
Cash and Investments Other Assets Total Assets Liabilities Fund Balance Total Liabilities and Fund Balance	$7,228,885 217,668 $7,446,553 219,927 7,226,626 $7,446,553	$6,542,426 173,248 $6,715,674 199,085 6,516,589 $6,715,674

FOUNDATION OFFICIALS

President: Jack Stites

Executive Officer: Larry Mortier