REPORT DIGEST

 

ILLINOIS CONSERVATION FOUNDATION

 

FINANCIAL & COMPLIANCE AUDIT
For the Period December 9, 1994 (Inception) to June 30, 1995 and For the Year Ended:
June 30, 1996

 

 

 

Release Date:
April 30, 1997

 


State of Illinois
Office of the Auditor General

WILLIAM G. HOLLAND
AUDITOR GENERAL

Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703
(217) 782-6046

INTRODUCTION

 
The Illinois Conservation Foundation was authorized to be created under the Illinois Department of Conservation (a predecessor agency of the Illinois Department of Natural Resources) by Public Act 88-591 on August 20, 1994. The role of the Foundation, an Illinois not-for-profit corporation, is to provide additional funding for the Illinois Department of Natural Resources' conservation programs that either are not receiving adequate State funding or cannot be implemented because State funding is not available (20 ILCS 880/10). The Director of the Illinois Department of Natural Resources serves as the Chairman of the Board of Directors.

This Act requires the Auditor General to conduct financial and compliance audits of the Foundation. This is the first audit of the Foundation, and it was performed for the period from December 9, 1994 (inception) to June 30, 1995 and for the year ended June 30, 1996.

There were no compliance findings disclosed during our audit tests. We commend the Foundation for establishing and maintaining effective fiscal controls.

AUDITOR'S OPINION

Our special assistant auditors stated the Illinois Conservation Foundation's financial statements as of June 30, 1966 and 1995 are presented fairly.

APPROVAL OF ACCOUNTS AND BOOKS

Based upon recommendations from my Special Assistant Auditors, I have approved the manner in which the accounts and books have been set up and maintained by the Illinois Conservation Foundation as of June 30, 1996.

 

 

____________________________________
WILLIAM G. HOLLAND, Auditor General

SPECIAL ASSISTANT AUDITORS

Our special assistant auditors for this audit were Sleeper, Disbrow, Morrison, Tarro & Lively.

 

ILLINOIS CONSERVATION FOUNDATION
FINANCIAL AND COMPLIANCE AUDIT
FOR THE FISCAL YEAR ENDED JUNE 30, 1996
AND
FOR THE PERIOD FROM DECEMBER 9, 1994
(INCEPTION) TO JUNE 30, 1995

STATISTICS

1996

1995

Revenues:

Fund Raising Events - Restricted
Donations - Restricted
Donations - Unrestricted
Merchandise Sales - Unrestricted
Interest - Unrestricted

Total Revenue

 

$ 70,985
442,722
5,550
31
13,636

$532,924

 

$ 5,250
48,860
2,525
0
1,389

$58,024

Expenditures:

General Administrative
Fund Raising
Natural Resources and Recreation Programs

Total Expenditures

 

$ 8,185
33,406
111,166

$152,757

 

$ 529
500
0

$ 1,029

Excess of Revenue over Expenditures

$380,167

$56,995

Fund Balance, Beginning of Year

56,995

0

Fund Balance, End of Year

$437,162

$56,995

CHAIRMAN OF THE BOARD OF DIRECTORS
During Audit Period: Brent Manning, Director - Illinois Department of Natural Resources
Currently: Brent Manning, Director - Illinois Department of Natural Resources