REPORT DIGEST
ILLINOIS CONSERVATION FOUNDATION
FINANCIAL & COMPLIANCE AUDIT
For the Period December 9, 1994 (Inception) to June
30, 1995 and For the Year Ended:
June 30, 1996
Release Date:
April 30, 1997
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 Conservation Foundation was
authorized to be created under the Illinois
Department of Conservation (a predecessor agency
of the Illinois Department of Natural Resources)
by Public Act 88-591 on August 20, 1994. The role
of the Foundation, an Illinois not-for-profit
corporation, is to provide additional funding for
the Illinois Department of Natural Resources'
conservation programs that either are not
receiving adequate State funding or cannot be
implemented because State funding is not
available (20 ILCS 880/10). The Director of the
Illinois Department of Natural Resources serves
as the Chairman of the Board of Directors.
This Act requires the Auditor General to conduct financial and compliance audits of the Foundation. This is the first audit of the Foundation, and it was performed for the period from December 9, 1994 (inception) to June 30, 1995 and for the year ended June 30, 1996.
There were no compliance findings disclosed during our audit tests. We commend the Foundation for establishing and maintaining effective fiscal controls.
AUDITOR'S OPINION
- Our special assistant auditors stated the Illinois Conservation Foundation's financial statements as of June 30, 1966 and 1995 are presented fairly.
APPROVAL OF ACCOUNTS AND BOOKS
- Based upon recommendations from my Special
Assistant Auditors, I have approved the manner in
which the accounts and books have been set up and
maintained by the Illinois Conservation
Foundation as of June 30, 1996.
____________________________________
WILLIAM G. HOLLAND, Auditor General
SPECIAL ASSISTANT AUDITORS
- Our special assistant auditors for this audit were Sleeper, Disbrow, Morrison, Tarro & Lively.