REPORT DIGEST
ILLINOIS LITERACY FOUNDATION
FINANCIAL AND COMPLIANCE AUDIT
For the Two Years Ended:
June 30, 1999
Summary of Findings:
Total this audit 2
Total last audit 0
Repeated from last audit 0
Release Date:
April 20, 2000
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
INTRODUCTION
The Illinois Literacy Foundation is a not-for-profit foundation whose primary goal is to promote literacy among the residents of the State by supporting literacy programs and enhancing Statewide literacy awareness; by making grants and gifts in aid and support of the goal; and by engaging generally in other lawful endeavors consistent with the foregoing purposes. The Secretary of State serves as ex-officio Director of the Foundation.
FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS
Our report contains two procedural findings related to the Foundation being inactive for five months during the process of transitioning to a new Secretary of State. The Foundation stated the related recommendations will be implemented upon the appointment of a new Foundation board of directors.
AUDITORS' OPINION
Our auditors state the Foundation's financial statements as of June 30, 1999 and June 30, 1998 and for the years then ended are fairly stated in all material respects.
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WILLIAM G. HOLLAND, Auditor General
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SPECIAL ASSISTANT AUDITORS
Kerber, Eck & Braeckel LLP were our special assistant auditors for this audit.