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Public Act 92-0191
HB1883 Enrolled LRB9206813REdv
AN ACT concerning government audits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Governmental Account Audit Act is amended
by changing Sections 1 and 4 as follows:
(50 ILCS 310/1) (from Ch. 85, par. 701)
Sec. 1. Definitions. As used in this Act, unless the
context otherwise indicates:
"Governmental unit" or "unit" includes all municipal
corporations in and political subdivisions of this State that
appropriate more than $5,000 for a fiscal year, with the
amount to increase or decrease by the amount of the Consumer
Price Index (CPI) as reported on January 1 of each year,
except the following:
(1) School districts.
(2) Cities, villages, and incorporated towns
subject to the Municipal Auditing Law, as contained in
the Illinois Municipal Code, and cities that file a
report with the Comptroller under Section 3.1-35-115 of
the Illinois Municipal Code.
(3) Counties with a population of 1,000,000 or
more.
(4) Counties subject to the County Auditing Law.
(5) Any other municipal corporations in or
political subdivisions of this State, the accounts of
which are required by law to be audited by or under the
direction of the Auditor General.
(6) (Blank).
(7) A drainage district, established under the
Illinois Drainage Code (70 ILCS 605), that did not
receive or expend any moneys during the immediately
preceding fiscal year.
(8) Public housing authorities that submit
financial reports to the U.S. Department of Housing and
Urban Development.
"Governing body" means the board or other body or
officers having authority to levy taxes, make appropriations,
authorize the expenditure of public funds or approve claims
for any governmental unit.
"Comptroller" means the Comptroller of the State of
Illinois.
"Consumer Price Index" means the Consumer Price Index for
All Urban Consumers for all items published by the United
States Department of Labor.
"Licensed public accountant" means the holder of a valid
certificate as a public accountant under the Illinois Public
Accounting Act.
"Audit report" means the written report of the licensed
public accountant and all appended statements and schedules
relating to that report, presenting or recording the findings
of an examination or audit of the financial transactions,
affairs, or conditions of a governmental unit.
"Report" includes both audit reports and reports filed
instead of an audit report by a governmental unit
appropriating less than $200,000 during any fiscal year to
which the reports relate.
(Source: P.A. 90-104, eff. 7-11-97.)
(50 ILCS 310/4) (from Ch. 85, par. 704)
Sec. 4. Overdue report.
(a) If the required report for a governmental unit is
not filed with the Comptroller in accordance with Section 2
or Section 3, whichever is applicable, within 6 months after
the close of the fiscal year of the governmental unit, the
Comptroller shall notify the governing body of that unit in
writing that the report is due and may also grant a 60 day
extension for the filing of the audit report. If the required
report is not filed within the time specified in such written
notice, the Comptroller shall cause an audit to be made by a
licensed public accountant, and the governmental unit shall
pay to the Comptroller actual compensation and expenses to
reimburse him for the cost of preparing or completing such
report.
(b) The Comptroller may decline to order an audit and
the preparation of an audit report (i) if an initial
examination of the books and records of the governmental unit
indicates that the books and records of the governmental unit
are inadequate or unavailable due to the passage of time or
the occurrence of a natural disaster or (ii) if the
Comptroller determines that the cost of an audit would impose
an unreasonable financial burden on the governmental unit.
(Source: P.A. 90-104, eff. 7-11-97.)
Section 99. Effective date. This Act takes effect upon
becoming law.
Passed in the General Assembly May 10, 2001.
Approved August 01, 2001.
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