REPORT DIGEST
ILLINOIS LITERACY FOUNDATION
FINANCIAL AND COMPLIANCE AUDIT For the Two Years Ended: June 30, 2003
Summary of Findings:
Total this audit 0 Total last audit 0 Repeated from last audit 0
Release Date: May 6, 2004
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 TDD (217) 524-4646
This Report Digest is also available on the worldwide web at http://www.state.il.us/auditor
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. FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS There were no material compliance findings disclosed during our audit tests. We commend the Foundation for maintaining effective fiscal controls.
AUDITORS' OPINION Our auditors state the Foundation's financial statements as of June 30, 2003 are fairly presented in all material respects.
___________________________________ WILLIAM G. HOLLAND, Auditor General WGH:KMM:pp
SPECIAL ASSISTANT AUDITORS Sikich Gardner & Co, LLP were our special assistant auditors for this audit. |
ILLINOIS LITERACY FOUNDATION
FINANCIAL AND COMPLIANCE AUDIT
For The Two Years Ended June 30, 2003
STATISTICS |
FY 2003 |
FY 2002 |
FY 2001 |
REVENUES Corporate gifts Direct public support Fees & registrations Miscellaneous Interest Total revenues EXPENSES Contractual Travel Printing Professional fees Advertising Commodities Minor Equipment Program grants Total expenditures
CHANGE IN NET ASSETS
Net Assets, beginning
Net Assets, ending |
$ 0 3,748 2,994 622 184 $7,548
$8,681 220 15,503 0 0 1,680 0 1,050 $27,134
(19,586)
65,646
$46,060 |
$ 0 16,747 500 0 452 $17,699
$962 91 1,744 0 3,225 980 1,575 5,000 $13,577
4,122
61,524
$65,646 |
$10,000 2,990 0 0 651 $13,641
$1,024 358 1,245 3,235 10,000 0 0 600 $16,462
(2,821)
64,345
$61,524 |
EX OFFICIO FOUNDATION DIRECTOR |
During Audit Period: Honorable Jesse White Currently: Honorable Jesse White |