REPORT DIGEST

ILLINOIS
CONSERVATION
FOUNDATION

FINANCIAL &
COMPLIANCE AUDIT
(In Accordance with the Single Audit Act and OMB Circular A-133
)
For the Year Ended:
June 30, 1998


Summary of Findings:

Total this audit 0
Total last audit 0
Repeated from last audit 0

Release Date:
February 11, 1999


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









FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

There were no material findings of noncompliance disclosed during our audit tests. We commend the Foundation for maintaining an effective system of internal controls.

AUDITOR'S OPINION

Our special assistant auditors stated the Illinois Conservation Foundation's financial statements as of June 30, 1998 are presented fairly.


_____________________________________
WILLIAM G. HOLLAND, Auditor General

WGH:KMA:pp



SPECIAL ASSISTANT AUDITORS

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


ILLINOIS CONSERVATION FOUNDATION
FINANCIAL AND COMPLIANCE AUDIT
FOR THE FISCAL YEAR ENDED JUNE 30, 1998



STATISTICS

FY 1998

FY 1997


Revenues:
Fund Raising Events - Restricted
Donations - Restricted
Grants and Receipts from Other Governments
Royalty Income - Restricted
Donations - Unrestricted
Merchandise Sales - Unrestricted
Investment Income - Unrestricted

Total Revenue

Expenditures:

General Administrative
Fund Raising
Natural Resources and Recreation Programs

Total Expenditures

Excess of Revenue over Expenditures

Fund Balance, Beginning of Year

Fund Balance, End of Year





$ 69,028
602,774
342,064
100,000
33,003
5,729
28,809

$1,181,407



$ 36,791
35,398
836,936

$909,125

$272,282

500,778

$773,060




$ 59,440
557,179
22,092
0
40,377
5,608
25,735

$ 710,431



$ 37,663
31,874
577,278

$646,815

$63,616

437,162

$500,778

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