REPORT DIGEST

ILLINOIS ARTS COUNCIL FOUNDATION

Financial Audit and Compliance
Examination
For the Two Years Ended June 30, 2015

Release Date:  January 28, 2016

FINDINGS THIS AUDIT:  0
FINDINGS LAST AUDIT: 0

State of Illinois, Office of the
Auditor General
FRANK J. MAUTINO, AUDITOR GENERAL

To obtain a copy of the Report
contact:
Office of the Auditor General, Iles
Park Plaza, 740 E. Ash Street,
Springfield, IL 62703
(217) 782-6046 or TTY (888) 261-2887

This Report Digest and Full Report are
also available on the worldwide web at
www.auditor.illinois.gov

INTRODUCTION

The Illinois Arts Council Foundation
(Foundation) was incorporated in 1967
as a not-for-profit corporation.  The
primary function of the Foundation is
to distribute contributions received
in the form of grants to increase the
awareness of the Illinois Arts
Council’s programs and services
through publications, public forums,
promotional activities and events.

There were no material findings of
noncompliance disclosed during our
examination.

AUDITOR’S OPINION

The auditors stated the financial
statements of the Illinois Arts
Council Foundation as of and for the
years ended June 30, 2015, and June
30, 2014, are fairly stated in all
material respects.

ACCOUNTANT’S OPINION

We conducted a compliance examination
of the Illinois Arts Council
Foundation for the two years ended
June 30, 2015, as required by the
Illinois State Auditing Act.  The
auditors stated the Foundation
complied, in all material respects,
with the requirements described in the
report.

FRANK J. MAUTINO
Auditor General

FJM:ROG

SPECIAL ASSISTANT AUDITORS

Our Special Assistant Auditors for
this audit and examination were
McGreal & Company, PC.