Public Act 098-0738
 
HB5503 EnrolledLRB098 19162 JLK 54314 b


  
    AN ACT concerning local government.
  
 
    Be it enacted by the People of the State of Illinois,
 
represented in the General Assembly:
  
 
 
    Section 5. The Counties Code is amended  by adding Section 
6-31012 as follows:
 
    (55 ILCS 5/6-31012 new)
    Sec. 6-31012. Audit report disclosure. Each fiscal year, 
within 60 days of the close of an audit under this Division, 
the auditor conducting the audit of all of the funds and 
accounts of a county shall do each of the following:
        (1) Provide a copy of any management letter and a copy 
    of any audited financial statements to each member of the 
    county board. If the county maintains an Internet website, 
    the county board shall post this information to its 
    website. 
        (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. 
 
    Section 10. The Illinois Municipal Code is amended  by 
adding Section 8-8-10.5 as follows:
 
    (65 ILCS 5/8-8-10.5 new)
    Sec. 8-8-10.5. Audit report disclosure. Each fiscal year, 
within 60 days of the close of an audit under this Act, the 
auditor conducting the audit of all of the funds and accounts 
of a municipality shall do each of the following: 
        (1) Provide a copy of any management letter and a copy 
    of any audited financial statements to each member of the 
    municipality's corporate authorities. If the municipality 
    maintains an Internet website, the corporate authorities 
    shall post this information to its website. 
        (2) Present the information from the audit to the 
    municipality's corporate authorities either in person or 
    by a live phone or web connection during a public meeting. 
  


Effective Date:  1/1/2015