REPORT DIGEST

FINANCIAL AUDIT
For the Year Ended:
June 30, 1998







Release Date:
May 20, 1999

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
Attn: Records Manager
Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703
(217) 782-6046 or TDD (217) 524-4646

This Report Digest is also available on
the worldwide web at
http://www.state.il.us/auditor

 

 

 

INTRODUCTION

This report covers our financial audit for the year ended June 30, 1998. A compliance audit covering the two years ending June 30, 1999 will be performed next year. 

 

AUDITORS' OPINION

Our auditors state the financial statements of Northeastern Illinois University Foundation at June 30, 1998 are fairly presented in all material respects.

 

____________________________________
WILLIAM G. HOLLAND, Auditor General

WGH:ROQ:ak 

 

SPECIAL ASSISTANT AUDITORS

Our special assistant auditors for this audit were Nykiel, Carlin, Lemna & Co

 

{Expenditures and Activity Measures are summarized on the reverse page.}

FY 1998

FY 1997

EXPENDITURES
Scholarships and Fellowships
University Support
Foundation Dinner
Other Expenditures
   Total Expenditures

Excess Revenues Over Expenditures

$387,475
44,086
375,000
24,708
44,300
$875,569

$107,363
24,708
17,280
122,173
$271,524

$604,045

$199,156
40,455
-0-
23,871
66,719
$330,201

$69,636
23,871
31,592
198,608
$323,707

$6,494

AT JUNE 30,
1998

AT JUNE 30,
1997

$8,696
1,033,886
375,000
5,589
$1,423,171

$29,939
1,393,232
$1,423,171

$-0-
818,933
-0-
8,719
$827,652

$38,465
789,187
$827,652