Western Illinois University 2002 Audit

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
June 30, 2002

Summary of Findings:

Total this audit 0
Total last audit 0
Repeated from last audit 0

Release Date:
March 27, 2003

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

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

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SPECIAL ASSISTANT AUDITORS

Washington, Pittman & McKeever, LLC were our special assistant auditors for this audit.

{Financial Information is summarized on the reverse page.}

WESTERN ILLINOIS UNIVERSITY
FINANCIAL AND COMPLIANCE AUDIT
For the Year Ended June 30, 2002

FINANCIAL OPERATIONS	FY 2002		FY 2001*
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
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
SELECTED ACCOUNT BALANCES	June 30, 2002		June 30, 2001*
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
*The FY 2001 figures have not been restated to reflect the implementation of GASB Statements #35, 37 and 38.
SUPPLEMENTAL INFORMATION	FY 2002		FY 2001
Employment Statistics Faculty and Administrative Civil Service Students Total Employees	1,059 856 332 2,247		1,031 857 321 2,209
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
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)