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1 | AN ACT concerning local government. | |||||||||||||||||||||||
2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||||||
3 | represented in the General Assembly: | |||||||||||||||||||||||
4 | Section 5. The Governmental Account Audit Act is amended | |||||||||||||||||||||||
5 | by changing Sections 2, 3, and 6 as follows: | |||||||||||||||||||||||
6 | (50 ILCS 310/2) (from Ch. 85, par. 702) | |||||||||||||||||||||||
7 | Sec. 2. Except as otherwise provided in Section 3, the | |||||||||||||||||||||||
8 | governing body of each governmental unit shall cause an audit | |||||||||||||||||||||||
9 | of the accounts of the unit to be made by an auditor or | |||||||||||||||||||||||
10 | auditors. Such audit shall be performed annually and shall | |||||||||||||||||||||||
11 | cover the immediately preceding fiscal year of the | |||||||||||||||||||||||
12 | governmental unit. The audit shall include all the accounts | |||||||||||||||||||||||
13 | and funds of the governmental unit, including the accounts of | |||||||||||||||||||||||
14 | any officer of the governmental unit who receives fees or | |||||||||||||||||||||||
15 | handles funds of the unit or who spends money of the unit. The | |||||||||||||||||||||||
16 | audit shall begin as soon as possible after the close of the | |||||||||||||||||||||||
17 | last fiscal year to which it pertains, and shall be completed | |||||||||||||||||||||||
18 | and the audit report filed with the Comptroller within 180 | |||||||||||||||||||||||
19 | days after the close of such fiscal year unless an extension of | |||||||||||||||||||||||
20 | time is granted by the Comptroller in writing. An audit report | |||||||||||||||||||||||
21 | which fails to meet the requirements of this Act shall be | |||||||||||||||||||||||
22 | rejected by the Comptroller and returned to the governing body | |||||||||||||||||||||||
23 | of the governmental unit for corrective action. The auditor or |
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1 | auditors performing the audit shall submit not less than 3 | ||||||
2 | copies of the audit report to the governing body of the | ||||||
3 | governmental unit being audited. Township accounts and funds | ||||||
4 | audited under this Section do not include road district | ||||||
5 | accounts or funds. | ||||||
6 | All audits to be filed with the Comptroller under this | ||||||
7 | Section must be submitted electronically and the Comptroller | ||||||
8 | must post the audit reports on the Internet no later than 45 | ||||||
9 | days after they are received. If the governmental unit | ||||||
10 | provides the Comptroller's Office with sufficient evidence | ||||||
11 | that the audit report cannot be filed electronically, the | ||||||
12 | Comptroller may waive this requirement. The Comptroller must | ||||||
13 | also post a list of governmental units that are not in | ||||||
14 | compliance with the reporting requirements set forth in this | ||||||
15 | Section. | ||||||
16 | Any financial report under this Section shall include the | ||||||
17 | name of the purchasing agent who oversees all competitively | ||||||
18 | bid contracts. If there is no purchasing agent, the name of the | ||||||
19 | person responsible for oversight of all competitively bid | ||||||
20 | contracts shall be listed. | ||||||
21 | (Source: P.A. 101-419, eff. 1-1-20 .) | ||||||
22 | (50 ILCS 310/3) (from Ch. 85, par. 703) | ||||||
23 | Sec. 3. Any governmental unit receiving revenue of less | ||||||
24 | than $850,000 for any fiscal year shall, in lieu of complying | ||||||
25 | with the requirements of Section 2 for audits and audit |
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1 | reports, beginning with fiscal year 2016, either: (i) cause an | ||||||
2 | audit of the accounts of the unit to be made once every 4 years | ||||||
3 | and file with the Comptroller an annual financial report | ||||||
4 | containing information required by the Comptroller, or (ii) | ||||||
5 | file with the Comptroller an annual financial report | ||||||
6 | containing information required by the Comptroller, a copy of | ||||||
7 | which has been provided to each member of that governmental | ||||||
8 | unit's board of elected officials, presented either in person | ||||||
9 | or by a live phone or web connection during a public meeting, | ||||||
10 | and approved by a 3/5 majority vote. In addition, a | ||||||
11 | governmental unit receiving revenue of less than $850,000 may | ||||||
12 | file with the Comptroller any audit reports which may have | ||||||
13 | been prepared under any other law. Any governmental unit | ||||||
14 | receiving revenue of $850,000 or more for any fiscal year | ||||||
15 | shall, in addition to complying with the requirements of | ||||||
16 | Section 2 for audits and audit reports, file with the | ||||||
17 | Comptroller the financial report required by this Section. | ||||||
18 | Such financial reports shall be on forms so designed by the | ||||||
19 | Comptroller as not to require professional accounting services | ||||||
20 | for its preparation. All reports to be filed with the | ||||||
21 | Comptroller under this Section must be submitted | ||||||
22 | electronically and the Comptroller must post the reports on | ||||||
23 | the Internet no later than 45 days after they are received. If | ||||||
24 | the governmental unit provides the Comptroller's Office with | ||||||
25 | sufficient evidence that the report cannot be filed | ||||||
26 | electronically, the Comptroller may waive this requirement. |
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1 | The Comptroller must also post a list of governmental units | ||||||
2 | that are not in compliance with the reporting requirements set | ||||||
3 | forth in this Section. | ||||||
4 | When calculating township revenue under this Section, | ||||||
5 | township revenue is exclusive of road district funds. | ||||||
6 | Any financial report under this Section shall include the | ||||||
7 | name of the purchasing agent who oversees all competitively | ||||||
8 | bid contracts. If there is no purchasing agent, the name of the | ||||||
9 | person responsible for oversight of all competitively bid | ||||||
10 | contracts shall be listed. | ||||||
11 | (Source: P.A. 97-890, eff. 8-2-12; 97-1142, eff. 12-28-12; | ||||||
12 | 98-1019, eff. 7-1-15 .) | ||||||
13 | (50 ILCS 310/6) (from Ch. 85, par. 706) | ||||||
14 | Sec. 6. When the audit is completed the auditor making | ||||||
15 | such audit shall make and sign at least 3 copies of the report | ||||||
16 | of the audit and immediately file them with the governmental | ||||||
17 | unit audited. Governmental units receiving revenue of $850,000 | ||||||
18 | or more for any fiscal year shall immediately make one copy of | ||||||
19 | the audit report and one copy of the financial report required | ||||||
20 | by Section 3 of this Act a part of its public record. | ||||||
21 | Governmental units receiving revenue of less than $850,000 | ||||||
22 | shall immediately make one copy of the audit report, or one | ||||||
23 | copy of the report authorized by Section 3 of this Act to be | ||||||
24 | filed instead of the audit report, a part of its public record. | ||||||
25 | These copies shall be open to public inspection. In addition, |
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1 | the governmental unit shall file one copy of the report with | ||||||
2 | the Comptroller and with the county clerk of the county in | ||||||
3 | which the principal office of the governmental unit is | ||||||
4 | located. A governmental unit may, in filing its audit report | ||||||
5 | with the Comptroller, transmit with such report any comment or | ||||||
6 | explanation that it wishes to make concerning the report. | ||||||
7 | When calculating township revenue under this Section, | ||||||
8 | township revenue is exclusive of road district funds. | ||||||
9 | (Source: P.A. 101-419, eff. 1-1-20 .) | ||||||
10 | Section 99. Effective date. This Act takes effect upon | ||||||
11 | becoming law. |