REPORT DIGEST
ILLINOIS LITERACY
FOUNDATION
FINANCIAL AUDIT AND COMPLIANCE EXAMINATION For the Two Years Ended: June 30, 2005 Summary of Findings: Total this report 0 Total last report 0 Repeated from last report 0 Release Date:
February 16, 2006
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 Iles Park Plaza 740 E. Ash Street Springfield, IL 62703 (217) 782-6046 or TTY (888) 261-2887 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 tests. We commend the Foundation for maintaining effective fiscal controls. AUDITORS' OPINION Our auditors state the Foundation's financial statements as of June 30, 2005 are fairly presented in all material respects. ___________________________________ WILLIAM G. HOLLAND, Auditor General WGH:GSR:pp SPECIAL ASSISTANT AUDITORS Sikich Gardner & Co, LLP were our special assistant auditors. |
ILLINOIS
LITERACY FOUNDATION
FINANCIAL
AUDIT AND COMPLIANCE EXAMINATION
For The Two
Years Ended June 30, 2005
STATISTICS |
FY 2005 |
FY 2004 |
FY 2003 |
REVENUES
Direct public support.............................................
Fees & registrations..............................................
Miscellaneous.......................................................
Interest.................................................................
Total revenues.................................................
EXPENSES
Contractual...........................................................
Travel...................................................................
Printing.................................................................
Professional fees...................................................
Advertising............................................................
Commodities.........................................................
Program grants......................................................
Total expenditures...........................................
CHANGE IN NET ASSETS......................................
Net Assets, beginning..................................................
Net Assets, ending...................................................... |
$165,437
0
0
164
$165,601
$5,012
139
0
0
0
103
162,591
$167,845
(2,244)
36,037
$33,793 |
$99,449
0
47
0
$99,496
$913
708
0
2,946
7,956
0
96,996
$109,519
(10,023)
46,060
$36,037 |
$3,748
2,994
622
184
$7,548
$8,681
220
15,503
0
0
1,680
1,050
$27,134
(19,586)
65,646
$46,060
|
EX OFFICIO FOUNDATION
CHAIRMAN |
During
Audit Period: Honorable Jesse White Currently: Honorable Jesse White |