Bill Status of SB 2638   100th General Assembly

Short Description:  LOCAL GOV ACCOUNT AUDITS

Senate Sponsors
Sen. James F. Clayborne, Jr.-Chapin Rose and Sue Rezin

House Sponsors
(Rep. Anthony DeLuca)


Last Action  View All Actions

DateChamber Action
  8/13/2018SenatePublic Act . . . . . . . . . 100-0837

Statutes Amended In Order of Appearance
50 ILCS 310/5from Ch. 85, par. 705

Synopsis As Introduced
Amends the Governmental Account Audit Act. Provides that an audit report based on the governmental unit's selection of the accrual, cash, or modified cash basis of accounting meets all requirements for conformity with generally accepted accounting principles, including the certification of the accountant or accountants making the audit that the audit has been performed in compliance with generally accepted auditing standards. Effective immediately.

Senate Committee Amendment No. 2
Adds reference to:
55 ILCS 5/6-31006from Ch. 34, par. 6-31006

In provisions amending the Governmental Account Audit Act, provides that audit reports shall be prepared on financial statements consistent with either the accrual or cash basis of accounting, depending upon the system followed by the governmental unit, and shall otherwise conform with generally accepted accounting principles and shall contain the financial position and results of financial operations for each fund of the governmental unit (rather than an audit report shall contain statements that conform with generally accepted accounting principles and that set forth, insofar as possible, the financial position and results of financial operations for each fund of the governmental unit). Changes references from accountants to auditors. Amends the Counties Code to make corresponding changes to provisions regarding audits.

Senate Floor Amendment No. 3
Adds reference to:
50 ILCS 310/1from Ch. 85, par. 701
55 ILCS 5/6-31002from Ch. 34, par. 6-31002
65 ILCS 5/8-8-2from Ch. 24, par. 8-8-2
65 ILCS 5/8-8-5from Ch. 24, par. 8-8-5

Replaces everything after the enacting clause. Amends the Counties Code. Provides that for fiscal year 2019 and each fiscal year thereafter, county audit reports shall contain statements that set forth the financial position and the results of financial operations for each fund, account, and office of the county government. Provides that the audit report shall also include the professional opinion of an auditor (rather than an accountant) with respect to the financial status and operations or, if an opinion cannot be expressed, a declaration that the auditor (rather than an accountant) is unable to express an opinion and an explanation of the reasons he or she cannot do so. Provides that each audit report shall include the certification of the auditor (rather than an accountant) making the audit that the audit has been performed in compliance with generally accepted auditing standards. Provides that each audit report filed with the Comptroller shall be accompanied by a copy of each official statement or other offering of materials prepared in connection with the issuance of indebtedness of the county since the filing of the last audit report. Provides that audit reports shall contain financial statements prepared in conformity with generally accepted accounting principles and audited in conformity with generally accepted auditing standards if the last audit report filed preceding fiscal year 2017 expressed an unmodified or modified opinion by the independent auditor that the financial statements were presented in conformity with generally accepted accounting principles. Provides that audit reports containing financial statements prepared in conformity with an other comprehensive basis of accounting may follow specified best practices and guidelines and shall be audited in conformity with generally accepted auditing standards. Provides that if an audit report is submitted containing financial statements prepared in conformity with generally accepted accounting principles, thereafter all future audit reports shall also contain financial statements presented in conformity with generally accepted accounting principles. Makes other changes. Amends the Governmental Account Audit Act and the Illinois Municipal Code making similar changes. Effective immediately.

Senate Floor Amendment No. 4
Replaces everything after the enacting clause. Reinserts the provisions of Senate Amendment No. 3 with the following change: provides that for fiscal year 2019 and each fiscal year thereafter, audit reports shall contain financial statements prepared in conformity with generally accepted accounting principles and audited in conformity with generally accepted auditing standards if the last audit report filed preceding fiscal year 2019 (rather than 2017) expressed an unmodified or modified opinion by the independent auditor that the financial statements were presented in conformity with generally accepted accounting principles. Effective immediately.

Actions 
DateChamber Action
  2/8/2018SenateFiled with Secretary by Sen. James F. Clayborne, Jr.
  2/8/2018SenateFirst Reading
  2/8/2018SenateReferred to Assignments
  2/14/2018SenateAssigned to Local Government
  2/22/2018SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. James F. Clayborne, Jr.
  2/22/2018SenateSenate Committee Amendment No. 1 Referred to Assignments
  2/27/2018SenateSenate Committee Amendment No. 1 Assignments Refers to Local Government
  2/28/2018SenateSenate Committee Amendment No. 1 Postponed - Local Government
  2/28/2018SenatePostponed - Local Government
  3/9/2018SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. James F. Clayborne, Jr.
  3/9/2018SenateSenate Committee Amendment No. 2 Referred to Assignments
  3/13/2018SenateSenate Committee Amendment No. 2 Assignments Refers to Local Government
  3/13/2018SenateSenate Committee Amendment No. 2 Adopted
  3/14/2018SenateSenate Committee Amendment No. 1 Postponed - Local Government
  3/14/2018SenateDo Pass as Amended Local Government; 006-001-001
  3/14/2018SenatePlaced on Calendar Order of 2nd Reading April 10, 2018
  3/14/2018SenateAdded as Chief Co-Sponsor Sen. Chapin Rose
  3/15/2018SenateAdded as Co-Sponsor Sen. Sue Rezin
  4/13/2018SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
  4/18/2018SenateSecond Reading
  4/18/2018SenatePlaced on Calendar Order of 3rd Reading April 19, 2018
  4/19/2018SenateSenate Floor Amendment No. 3 Filed with Secretary by Sen. James F. Clayborne, Jr.
  4/19/2018SenateSenate Floor Amendment No. 3 Referred to Assignments
  4/23/2018SenateSenate Floor Amendment No. 3 Assignments Refers to Local Government
  4/25/2018SenateSenate Floor Amendment No. 3 Recommend Do Adopt Local Government; 007-002-000
  4/27/2018SenateRule 2-10 Third Reading Deadline Established As May 3, 2018
  5/3/2018SenateRule 3-9(a) / Re-referred to Assignments
  5/8/2018SenateRule 2-10 Third Reading Deadline Established As May 11, 2018
  5/8/2018SenateApproved for Consideration Assignments
  5/8/2018SenatePlaced on Calendar Order of 3rd Reading May 9, 2018
  5/11/2018SenateRule 2-10 Third Reading Deadline Established As May 31, 2018
  5/15/2018SenateSenate Floor Amendment No. 4 Filed with Secretary by Sen. James F. Clayborne, Jr.
  5/15/2018SenateSenate Floor Amendment No. 4 Referred to Assignments
  5/15/2018SenateSenate Floor Amendment No. 4 Assignments Refers to Local Government
  5/16/2018SenateSenate Floor Amendment No. 4 Recommend Do Adopt Local Government; 006-002-000
  5/16/2018SenateRecalled to Second Reading
  5/16/2018SenateSenate Floor Amendment No. 3 Adopted; Clayborne
  5/16/2018SenateSenate Floor Amendment No. 4 Adopted; Clayborne
  5/16/2018SenatePlaced on Calendar Order of 3rd Reading
  5/16/2018SenateThird Reading - Passed; 050-003-000
  5/16/2018HouseArrived in House
  5/16/2018HouseChief House Sponsor Rep. Anthony DeLuca
  5/17/2018HouseFirst Reading
  5/17/2018HouseReferred to Rules Committee
  5/18/2018HouseAssigned to Government Transparency Committee
  5/18/2018HouseFinal Action Deadline Extended-9(b) May 25, 2018
  5/24/2018HouseDo Pass / Short Debate Government Transparency Committee; 008-000-000
  5/24/2018HousePlaced on Calendar 2nd Reading - Short Debate
  5/24/2018HouseSecond Reading - Short Debate
  5/24/2018HouseHeld on Calendar Order of Second Reading - Short Debate
  5/25/2018HouseFinal Action Deadline Extended-9(b) May 31, 2018
  5/28/2018HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/28/2018HouseThird Reading - Short Debate - Passed 113-002-000
  5/28/2018SenatePassed Both Houses
  6/26/2018SenateSent to the Governor
  8/13/2018SenateGovernor Approved
  8/13/2018SenateEffective Date August 13, 2018
  8/13/2018SenatePublic Act . . . . . . . . . 100-0837

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