Public Act 098-0240
 
HB2369 EnrolledLRB098 09529 JDS 39672 b

    AN ACT concerning State government.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The State Comptroller Act is amended by changing
Sections 19 and 19.5 as follows:
 
    (15 ILCS 405/19)  (from Ch. 15, par. 219)
    Sec. 19. Financial records - monthly reports - forms.
    (a) The Comptroller comptroller shall maintain complete,
accurate and current financial records relating to State funds
and to other public funds and assets available to, encumbered
or expended by each State agency, including trust funds or
other moneys not subject to appropriation, setting out all
revenues, charges against all funds, fund and appropriation
balances, interfund transfers, warrants outstanding and assets
and encumbrances, in a manner consistent with the uniform State
accounting system prescribed by the Comptroller comptroller.
Such records shall be public records open to public inspection.
    (b) The Governor, Treasurer, Director of the Governor's
Office of Management and Budget, Director of Central Management
Services, Auditor General, Speaker and Minority Leader of the
House of Representatives, and President and Minority Leader of
the Senate shall have access to all records and reports
received by the Comptroller comptroller from State agencies and
to all data and accounts maintained by the Comptroller
comptroller except as otherwise specifically provided by law.
All other State executive officers and heads of State agencies
shall have access to reports and accounts relating to their
agency or office.
    (c) The Comptroller shall make a report to the Speaker and
Minority Leader of the House of Representatives, the President
and Minority Leader of the Senate, and the Chairman and
Minority Spokesman of each of the appropriations committees of
the House of Representatives and the Senate giving notice
within 10 days of the establishment of each fund or account
consisting of funds not subject to appropriation by the General
Assembly.
    Each month the Comptroller comptroller shall prepare a
report summarizing by State agency and appropriation the above
information in such form as will most clearly and accurately
set out the current fiscal condition of the State.
    In addition, each month the Comptroller comptroller shall
prepare a report by detail object account in such form as will
most clearly present the status of such accounts.
    (d) The Comptroller comptroller shall prescribe forms for
the periodic reporting of financial accounts, transactions and
other matters by State agencies, compatible with the reports
required of the Comptroller comptroller under this Section.
    (e) The reports required of the Comptroller under
subsection (c) of this Section shall be posted on the website
of the Office of the Comptroller.
(Source: P.A. 94-793, eff. 5-19-06.)
 
    (15 ILCS 405/19.5)
    Sec. 19.5. Comprehensive Annual Financial Report (CAFR);
procedures and reporting.
    (a) On or before October 31, 2012, and on or before each
October 31 thereafter, State agencies shall report to the
Comptroller all financial information deemed necessary by the
Comptroller to compile and publish a comprehensive annual
financial report using generally accepted accounting
principles for the fiscal year ending June 30 of that year. The
Comptroller may require certain State agencies to submit the
required information before October 31 under a schedule
established by the Comptroller. If a State agency has submitted
no or insufficient financial information by October 31, the
Comptroller shall serve a written notice to each respective
State agency director or secretary about the delinquency or
inadequacy of the financial information.
    (b) If the financial information required in subsection (a)
is submitted to the Comptroller on or before October 31, the
lapse period is not extended past August 31 for the given
fiscal year, and the Office of the Auditor General has
completed an audit of the comprehensive annual financial report
and that information has been audited by the Auditor General,
then the Comptroller shall publish a comprehensive annual
financial report using generally accepted accounting
principles for the fiscal year ending June 30 of that year by
December 31. If the information as required by subsection (a)
is not provided to the Comptroller in time to publish the
report by December 31, then upon notice from the Comptroller of
the delay, each respective State agency director or secretary
shall report his or her State agency's delinquency and provide
an action plan to bring his or her State agency into compliance
to the Comptroller, the Auditor General, the Office of the
Governor, the Speaker and Minority Leader of the House of
Representatives, and the President and Minority Leader of the
Senate. Upon receiving that report from a State agency director
or secretary, the Comptroller shall post that report with the
action plan on his or her official website.
    (c) If a comprehensive annual financial report using
generally accepted accounting principles cannot be published
by December 31 due to insufficient or inadequate reporting to
the Comptroller, the lapse period is extended past August 31
for the given fiscal year, or if the Office of the Auditor
General has not completed an audit of the comprehensive annual
financial report, then the Comptroller may issue interim
reports containing financial information made available by
reporting State agencies until an audit opinion is issued by
the Auditor General on the comprehensive annual financial
report.
(Source: P.A. 97-408, eff. 8-16-11.)
 
    Section 99. Effective date. This Act takes effect upon
becoming law.