fy05 audit

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DIIIIFMFM WIUW RADIOWIUMI A PUBLIC TELECOMMUNICATIONS ENTITYWESTERN ILLINOIS UNIVERSITYOPERATED BYMacomb IllinoisDFINANCIAL STATEMENTSANDI INDEPENDENT AUDITORS REPORTJune 30 2005 and 2004DDoIIIIIIIBIIICONTENTSTABLE OFIPageIAUDITORS REPORT 3INDEPENDENTIFINANCIAL STATEMENTSI 5STATEMENTS OF NET ASSETS OF REVENUES EXPENSESI 6ASSETSAND CHANGES IN NET7CASH FLOWSSTATEMENTS OFI9TO FINANCIAL STATEMENTSNOTESISUPPLEMENTARY INFORMATIONIAUDITORS REPORT ONINDEPENDENTINFORMATION 16I17SCHEDULE OF EXPENSESSUPPLEMENTARYIIIIBIIIISCHAFER PUNKE LLPECK1pu uc leeCH 1CEZTlFILIJIecl600 East Adams St1 n6 62701Spr ngLeid1111217 525I Fax 217 525 1120w vw es comcpaImAuditorsIndependent ReportIWesternBoard ofTrustees of Illinois UniversityWIUM FMIWIUW FM RadioB Macomb IllinoisI statements net assetshave audited the of of WIUMWe accompanyingaFM Radio the Radio Station telecommunicationsFM WIUW public entity operatedWestern the as of June 30 2005 and 2004 and theIllinois Universityby UniversityI assetsof revenues and in net and cash flows for therelated statements changesexpensesstatcments arc the sthen ended These financial of theyears responsibility UniversityOur to an on these financialis statementsexpressmanagement responsibility opinionI on our auditsbasedconducted our audits in accordance with standardsWe auditing generallyI in the United States of America Those standards that we andaccepted require planto assurance about whether the ...
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