Illinois Conservation Foundation 2002 Audit

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, 2002

Summary of Findings:

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

Release Date:
March 27, 2003

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 and for the year ended June 30, 2002 are presented fairly in all material respects.

_____________________________________

WILLIAM G. HOLLAND, Auditor General

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SPECIAL ASSISTANT AUDITORS

Our special assistant auditors were Ginoli & Company, Ltd.

ILLINOIS CONSERVATION FOUNDATION
FINANCIAL AND COMPLIANCE AUDIT
FOR THE FISCAL YEAR ENDED JUNE 30, 2002

STATISTICS	FY 2002	FY 2001
Revenues: Fund Raising Events Donations - Restricted Grants and Receipts from Other Governments Donations – Unrestricted Merchandise Sales – Unrestricted Investment Income - Unrestricted General Administrative Education Natural Resources and Recreation Total Revenue	$92,628 0 0 0 454 88,420 63,476 (15,545) 3,478,091 $3,707,524	$93,347 1,282,475 1,012,540 107,717 790 137,793 0 0 0 $2,634,662
Expenditures: General Administrative Fund Raising Education Natural Resources and Recreation Programs Total Expenditures	$ 170,554 0 6,775 3,422,935 $3,600,264	$ 128,500 82,077 0 1,461,504 $1,672,081
Net Assets, Beginning of Year	3,495,790	2,533,209
Net Assets, End of Year	$3,603,050	$3,495,790

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