92nd General Assembly
Summary of HB6034
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Short description: 
LOCAL FINANCE-AUDITS                                                       

Synopsis of Bill as introduced:
        Amends the Public Funds Statement Publication  Act.  Removes  the      
   requirement  that the summary statement of operations to be filed with      
   the public officers' annual statement must be "as excerpted  from  the      
   annual  financial report as filed with the appropriate State agency of      
   the State of Illinois". Amends the  Governmental  Account  Audit  Act.      
   Provides that the definition of "governmental unit" or "unit" does not      
   include  a drainage district that obtains approval for assessments and      
   expenditures through the circuit court. Defines  "report"  to  include      
   both  audit  reports and reports filed instead of an audit report by a      
   governmental unit "receiving revenue less than  $850,000"  (currently,      
   "appropriating  less  than  $200,000") during any fiscal year to which      
   the  reports  relate.  Changes  references  from  "governmental   unit      
   appropriating  less  than  $200,000"  to  "governmental unit receiving      
   revenue of less than $850,000". Changes references from  "governmental      
   unit appropriating more than $200,000" to "governmental unit receiving      
   revenue  of $850,000 or more". Amends the Township Code. Regarding the      
   independent  audit  of  township  accounts,  changes  references  from      
   "townships appropriating $200,000 or  more"  to  "townships  receiving      
   revenue  of  $850,000  or more" and changes references from "townships      
   appropriating less than $200,000" to "townships receiving  revenue  of      
   less than $850,000". Effective July 1, 2002.                                
Last action on Bill: PUBLIC ACT.............................. 92-0582

   Last action date: JUN-26-2002

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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