Public Act 095-0295
 
HB0792 Enrolled LRB095 04917 HLH 24983 b

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