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Synopsis As Introduced Amends the Illinois State Auditing Act. Provides that the Auditor General shall annually conduct or cause to be conducted a financial and compliance audit of one-third of community colleges such that every community college is audited by the Auditor General every 3 years. Sets forth provisions concerning the filing, public inspection, and costs of the audit. Requires a community college to make available to the Auditor General its books and records and any other documentation necessary to conduct the audit as required. Provides that certain audits under the Public Community College Act shall not be prohibited in years a community college is not audited by the Auditor General. Amends the Public Community College Act. Makes a related change.
Replaces everything after the enacting clause. Reinserts the contents of the introduced bill with the following changes. Makes changes concerning compliance with the Public Community College Act and who receives a copy of the audit report. Provides that certain audits shall not be prohibited in years a community college is not audited by the Auditor General. Amends the Public Community College Act to make related changes.
Replaces everything after the enacting clause. Amends the Public Community College Act. In provisions concerning recognition of community colleges which maintain equipment, provides that recognition shall include regular peer audits of the finances and operations of community colleges. Provides that every community college shall be subject to a peer audit every 5 years. Provides that the peer audit shall review compliance with all applicable State laws, including, but not limited to: laws regarding transparency; contract formation, renewal, extension, or termination; bonus payments; and Open Meetings Act requirements.
House Committee Amendment No. 1 Replaces everything after the enacting clause. Amends the Public Community College Act. In provisions concerning recognition of community colleges which maintain equipment, provides that recognition shall include a review of compliance with applicable State and federal laws regarding employment contracts and compensation. Provides that the Illinois Community College Board shall convene an advisory committee to review the findings and make recommendations for changes or additions to the laws or review procedures. Makes a technical change.
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