REPORT DIGEST
ILLINOIS LITERACY
FOUNDATION
FINANCIAL AUDIT AND COMPLIANCE EXAMINATION For the Two Years Ended: June 30, 2007 Summary of Findings: Total this report 0 Total last report 0 Repeated from last report 0 Release Date: February 20, 2008
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 http://www.auditor.illinois.gov |
FINDINGS, CONCLUSIONS, AND
RECOMMENDATIONS There were no material compliance findings disclosed during our tests. AUDITORS' OPINION Our auditors state the Foundation's financial statements as of June 30, 2007 are fairly presented in all material respects. ___________________________________ WILLIAM G. HOLLAND, Auditor General WGH:KMA:pp SPECIAL ASSISTANT AUDITORS Sleeper, Disbrow, Morrison, Tarro & Lively, LLC were our special assistant auditors. |
ILLINOIS
LITERACY FOUNDATION
FINANCIAL
AUDIT AND COMPLIANCE EXAMINATION
For The Two
Years Ended June 30, 2007
STATISTICS |
FY 2007 |
FY 2006 |
FY 2005 |
REVENUES
Direct public support.............................................
Interest.................................................................
Total revenues.................................................
EXPENSES
Contractual...........................................................
Travel...................................................................
Commodities.........................................................
Program grants......................................................
Total expenses................................................
CHANGE IN NET ASSETS......................................
Net Assets, beginning..................................................
Net Assets, ending...................................................... |
$94,696
346
$95,042
$3,782
342
-
78,797
$82,921
12,121
27,142
$39,263 |
$192,925
201
$193,126
$6,795
208
143
192,631
$199,777
(6,651)
33,793
$27,142 |
$165,437
164
$165,601
$5,012
139
103
162,591
$167,845
(2,244)
36,037
$33,793 |
EX OFFICIO FOUNDATION
DIRECTOR |
During
Audit Period: Honorable Jesse White Currently: Honorable Jesse White |