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1 | AN ACT concerning special districts.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Metropolitan Water Reclamation District Act | |||||||||||||||||||
5 | is amended by changing Section 5.13 as follows:
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6 | (70 ILCS 2605/5.13) (from Ch. 42, par. 324w)
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7 | Sec. 5.13. The clerk shall prepare on or before the first | |||||||||||||||||||
8 | (1st) day of July
of each year after the year 1943, an annual | |||||||||||||||||||
9 | financial report which shall
contain financial information | |||||||||||||||||||
10 | required by generally accepted accounting principles (GAAP) | |||||||||||||||||||
11 | for governments.
at least the following information:
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12 | (1) A separate balance sheet for each fund of the district | |||||||||||||||||||
13 | showing the
assets and liabilities in sufficient detail to | |||||||||||||||||||
14 | indicate the true financial
condition of each of the several | |||||||||||||||||||
15 | funds.
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16 | (2) A combined balance sheet indicating the true financial | |||||||||||||||||||
17 | condition of
the district as a whole.
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18 | (3) Statements of income and expense for each fund of the | |||||||||||||||||||
19 | district; such
statement shall indicate income by sources, and | |||||||||||||||||||
20 | expenses by functions
(activities), organization units and | |||||||||||||||||||
21 | objects.
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22 | (4) For each fund of the district a statement of cash | |||||||||||||||||||
23 | receipts by
sources compared with the estimated receipts for |
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1 | the year under review and
a condensed statement of cash | ||||||
2 | disbursements.
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3 | (5) An analysis of surplus statement for each fund of the | ||||||
4 | district, such
statement shall show the amount of the surplus | ||||||
5 | at the beginning of the
year, the changes during the year in | ||||||
6 | sufficient detail to indicate the
specific composition | ||||||
7 | thereof, and the amount of the surplus at the end of
the year.
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8 | (6) For each fund a statement for the budget year of | ||||||
9 | expenditures and
encumbrances by organization units, objects | ||||||
10 | and functions (activities),
showing the amounts appropriated, | ||||||
11 | the amounts transferred during that year,
adjusted | ||||||
12 | appropriations, the amounts disbursed, the balance not | ||||||
13 | disbursed,
the amounts encumbered, the total disbursed and | ||||||
14 | encumbered and the
unencumbered balance in each item of | ||||||
15 | appropriation in the budget for that
year.
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16 | (7) An analysis of net taxes receivable by tax years for | ||||||
17 | each of the tax
levies for five years next preceding the budget | ||||||
18 | year.
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19 | (8) Such additional tables, charts, graphs, or other | ||||||
20 | statistical
material as may be deemed desirable by the clerk.
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21 | Provided, however, that the statements to be prepared for | ||||||
22 | 1943 and prior
years, where the accounts have not been kept on | ||||||
23 | the basis herein
prescribed, shall be compiled on the presently | ||||||
24 | used basis of accounting and
compiled as nearly as practicable | ||||||
25 | as herein prescribed.
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26 | Copies of the annual financial report shall be made |
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1 | conveniently
available in the office of the Sanitary District | ||||||
2 | to the public and shall be
issued to any person upon payment of | ||||||
3 | a reasonable amount therefor. Nothing
in this section shall be | ||||||
4 | construed to mean that the annual financial report
may not be | ||||||
5 | combined with the annual audit report and the two published
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6 | simultaneously as one report.
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7 | (Source: Laws 1943, vol. 1, p. 599 .)
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8 | Section 99. Effective date. This Act takes effect upon | ||||||
9 | becoming law.
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