98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB5503
 
Introduced , by Rep. Tom Demmer
 
SYNOPSIS AS INTRODUCED:
 

 
55 ILCS 5/6-31012 new
65 ILCS 5/8-8-10.5 new

     Amends the Counties Code. Provides that each fiscal year, within 30 days of the close of an audit of the county's funds and accounts, the auditor conducting the audit shall: (1) provide a copy of any management letter and a copy of any audited financial statements to each member of the county board; and (2) present the information from the audit to the county board either in person or by a live phone or web connection during a public meeting. Provides that if the county maintains an Internet website, the county board shall post the information contained in any management letter or financial statements to its website. Makes similar changes in the Illinois Municipal Code.
  


LRB098 19162 JLK 54314 b

FISCAL NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
HB5503LRB098 19162 JLK 54314 b


  
1    AN ACT concerning local government.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Counties Code is amended  by adding Section 
56-31012 as follows:
 
6    (55 ILCS 5/6-31012 new)
7    Sec. 6-31012. Audit report disclosure. Each fiscal year, 
8within 30 days of the close of an audit under this Division, 
9the auditor conducting the audit of all of the funds and 
10accounts of a county shall do each of the following:
11        (1) Provide a copy of any management letter and a copy 
12    of any audited financial statements to each member of the 
13    county board. If the county maintains an Internet website, 
14    the county board shall post this information to its 
15    website. 
16        (2) Present the information from the audit to the 
17    county board either in person or by a live phone or web 
18    connection during a public meeting. 
 
19    Section 10. The Illinois Municipal Code is amended  by 
20adding Section 8-8-10.5 as follows:
 
21    (65 ILCS 5/8-8-10.5 new)
 
 
HB5503- 2 -LRB098 19162 JLK 54314 b

1    Sec. 8-8-10.5. Audit report disclosure. Each fiscal year, 
2within 30 days of the close of an audit under this Act, the 
3auditor conducting the audit of all of the funds and accounts 
4of a municipality shall do each of the following: 
5        (1) Provide a copy of any management letter and a copy 
6    of any audited financial statements to each member of the 
7    municipality's corporate authorities. If the municipality 
8    maintains an Internet website, the corporate authorities 
9    shall post this information to its website. 
10        (2) Present the information from the audit to the 
11    municipality's corporate authorities either in person or 
12    by a live phone or web connection during a public meeting.