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REPORT
DIGEST ILLINOIS ARTS COUNCIL FOUNDATION FINANCIAL AUDIT AND COMPLIANCE EXAMINATION For the Two Years Ended: June 30, 2005 Summary of Findings: Total this audit 0 Total last audit 1 Repeated from last audit 0 Release Date: March
2, 2006
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 is also available on the worldwide web at |
FINDINGS,
CONCLUSIONS, AND RECOMMENDATIONS
There were no material findings of noncompliance disclosed during our testing. We commend the Illinois Arts Council Foundation for maintaining effective systems of internal control. AUDITORS’ OPINION
Our auditors stated that the financial
statements present fairly, in all material respects, the financial position
of the Restricted Fund of the Illinois Arts Council Foundation, as of June
30, 2005 and June 30, 2004, and the changes in financial position thereof for
the years then ended.
____________________________________ WILLIAM G. HOLLAND, Auditor General WGH:KMC:drh SPECIAL ASSISTANT AUDITORS Our special assistant auditors on this audit were De Raimo Hillger & Ripp.
{Expenditures and
Activity Measures are summarized on the reverse page.}
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