REPORT DIGEST

ILLINOIS ARTS COUNCIL FOUNDATION

FINANCIAL AUDIT AND COMPLIANCE EXAMINATION

For the Two Years Ended: June 30, 2011

Release Date: March 6, 2012

Summary of Findings:

Total this audit: 0

Total last audit: 0

Repeated from last audit: 0

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

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INTRODUCTION

This digest covers the financial audit and compliance examination of the Illinois Arts Council Foundation for the two years ended June 30, 2011.

There were no material findings of noncompliance disclosed during this engagement.

AUDITORS' OPINION

Our auditors state the June 30, 2011 and June 30, 2011 financial statements of the Illinois Arts Council Foundation are presented fairly in all material respects.

WILLIAM G. HOLLAND

Auditor General

WGH:JGR

SPECIAL ASSISTANT AUDITORS:

McGreal & Company, PC were our Special Assistant Auditors for this engagement.