REPORT
DIGEST
ILLINOIS LITERACY FOUNDATION
FINANCIAL AND COMPLIANCE AUDIT
For the Two Years Ended:
June 30, 1997
Summary of Findings:
| Total this audit | 0 |
| Total last audit | 0 |
| Repeated from last audit | 0 |
Release Date:
May 13, 1998
State of Illinois
Office of the Auditor General
WILLIAM G. HOLLAND
AUDITOR GENERAL
Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703
(217) 782-6046
INTRODUCTION
The Illinois Literacy Foundation is a not-for-profit foundation whose primary goal is to promote literacy among the residents of the State by supporting literacy programs and enhancing Statewide literacy awareness; by making grants and gifts in aid and support of the goal; and by engaging generally in other lawful endeavors consistent with the foregoing purposes. The Secretary of State serves as ex-officio Director of the Foundation.
FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS
There were no compliance findings disclosed during our audit tests. We commend the Foundation for establishing and maintaining effective fiscal controls.
AUDITORS' OPINION
In our auditors' opinion, the June 30, 1996 and 1997 financial statements of the Foundation are fairly presented.
____________________________________
WILLIAM G. HOLLAND, Auditor General
WGH:KMC:pp
SPECIAL ASSISTANT AUDITORS
Kerber, Eck & Braeckel LLP were our special
assistant auditors for this audit.
{Expenditures and Activity Measures are summarized on the reverse page.}