REPORT DIGEST

THE ALUMNI ASSOCIATION OF SOUTHERN ILLINOIS UNIVERSITY AT EDWARDSVILLE

FINANCIAL AUDIT

For the Year Ended:

June 30, 2002

Release Date:
February 27, 2003

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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 digest covers our financial audit of the Alumni Association of Southern Illinois University at Edwardsville for the year ended June 30, 2002. A compliance audit covering the two years ended June 30, 2003 will be issued at a later date.

 

AUDITORS’ OPINION

Our auditors stated the June 30, 2002 financial statements of the Alumni Association are fairly presented in all material respects.

 

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:KAL :pp

 

SPECIAL ASSISTANT AUDITORS

Kerber, Eck & Braeckel LLP were our special assistant auditors for this audit.

 

 

 

 

THE ALUMNI ASSOCIATION OF
SOUTHERN ILLINOIS UNIVERSITY AT EDWARDSVILLE
FINANCIAL AUDIT
For The Year Ended June 30, 2002

FINANCIAL OPERATIONS (ALL FUNDS)

FY2002

FY2001*
REVENUE
Support From University

$122,243

$98,416
Support From Foundation

39,298

47,728
Dues and Life Memberships

44,237

50,469
All Other Revenues

34,265

17,433
Total Revenue

$240,043

$214,046
EXPENSES
Budget expended at SIU

$122.243

$98,416
Academic Awards

9,409

1,539
Alumni Activities

32,287

6,921
All Other Expenses

61,553

92,396
Total Expenses

$225,492

$199,272
OTHER SIGNIFICANT ACCOUNT BALANCES

AT JUNE 30, 2002

AT JUNE 30, 2001
Cash and Investments

$218,981

$230,567
Accounts Payable

$16,654

34,529
Deferred Revenue

$27,078

24,848
Net Assets - Unrestricted

$175,432

N/A
Fund Balances – Designated

N/A

$199,869
Fund Balances – Undesignated

N/A

$(38,988)
* The FY2001 figures have not been restated to reflect the implementation of GASB statements #35, 37 and 38.
ALUNNI ASSOCIATION DIRECTOR
During Audit Period: Mr. Remy Billups
Currently: Mr. Remy Billups