REPORT DIGEST

ILLINOIS GRAIN INSURANCE CORPORATION

FINANCIAL AUDIT
FOR THE TWO YEARS ENDED JUNE 30, 2023

Release Date:  May 23, 2024

FINDINGS THIS AUDIT: 0
FINDINGS LAST AUDIT: 1

State of Illinois, Office of the Auditor
General
FRANK J. MAUTINO, AUDITOR GENERAL

To obtain a copy of the Report contact:
Office of the Auditor General, 400 West
Monroe, Suite 306, Springfield, IL
62704-9849
(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

INTRODUCTION

The Illinois Grain Insurance Corporation
(Corporation) was created to make
investments with funds assessed and
collected by the Department of Agriculture
(Department) and to transfer funds to the
Department’s Grain Indemnity Trust Fund when
the Director of the Department determines it
necessary in order to compensate claimants
in accordance with the Illinois Grain Code.
The assessments are collected from grain
dealers, warehousemen, grain sellers, and
lenders as established in the Code.

This digest covers the Corporation’s
Financial Audit as of and for the year ended
June 30, 2023 and June 30, 2022.  A separate
digest covering the Corporation’s State
Compliance Examination for the two years
ended June 30, 2023 is being separately
released.

There were no material findings of
noncompliance disclosed during our audit.

AUDITOR’S OPINIONS

The auditors stated the financial statements
of the Corporation as of and for the years
ended June 30, 2023, and June 30, 2023, are
fairly stated in all material respects.

No single audit performed.

This financial audit was conducted by
Adelfia LLC.

JANE CLARK
Division Director

This report is transmitted in accordance
with Section 3-14 of the Illinois State
Auditing Act.

FRANK J. MAUTINO
Auditor General

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