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, 1998


Summary of Findings:

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 June 30, 1998 are presented fairly.

_____________________________________
WILLIAM G. HOLLAND, Auditor General

WGH:KMA:pp

SPECIAL ASSISTANT AUDITORS

Our special assistant auditors were Sleeper, Disbrow, Morrison, Tarro & Lively.

FY 1998

FY 1997

Fund Raising Events - Restricted
Donations - Restricted
Grants and Receipts from Other Governments
Royalty Income - Restricted
Donations - Unrestricted
Merchandise Sales - Unrestricted
Investment Income - Unrestricted

Total Revenue

Expenditures:

General Administrative
Fund Raising
Natural Resources and Recreation Programs

Total Expenditures

Excess of Revenue over Expenditures

Fund Balance, Beginning of Year

Fund Balance, End of Year

$ 69,028
602,774
342,064
100,000
33,003
5,729
28,809

$1,181,407



$ 36,791
35,398
836,936

$909,125

$272,282

500,778

$773,060

$ 59,440
557,179
22,092
0
40,377
5,608
25,735

$ 710,431



$ 37,663
31,874
577,278

$646,815

$63,616

437,162

$500,778