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 Bill Status of SB2638  100th General Assembly


Short Description:  LOCAL GOV ACCOUNT AUDITS

Senate Sponsors
Sen. James F. Clayborne, Jr. - Chapin Rose and Sue Rezin

Hearings
Local Government Hearing Apr 25 2018 9:00AM Capitol 409 Springfield, IL - Senate Floor Amendment 3


Last Action
DateChamber Action
  4/18/2018SenatePlaced on Calendar Order of 3rd Reading April 19, 2018

Statutes Amended In Order of Appearance
50 ILCS 310/5from Ch. 85, par. 705


Synopsis As Introduced
Amends the Governmental Account Audit Act. Provides that an audit report based on the governmental unit's selection of the accrual, cash, or modified cash basis of accounting meets all requirements for conformity with generally accepted accounting principles, including the certification of the accountant or accountants making the audit that the audit has been performed in compliance with generally accepted auditing standards. Effective immediately.

Senate Committee Amendment No. 2
Adds reference to:
55 ILCS 5/6-31006from Ch. 34, par. 6-31006

In provisions amending the Governmental Account Audit Act, provides that audit reports shall be prepared on financial statements consistent with either the accrual or cash basis of accounting, depending upon the system followed by the governmental unit, and shall otherwise conform with generally accepted accounting principles and shall contain the financial position and results of financial operations for each fund of the governmental unit (rather than an audit report shall contain statements that conform with generally accepted accounting principles and that set forth, insofar as possible, the financial position and results of financial operations for each fund of the governmental unit). Changes references to accountants to auditors. Amends the Counties Code to make corresponding changes to provisions regarding audits.

Actions 
DateChamber Action
  2/8/2018SenateFiled with Secretary by Sen. James F. Clayborne, Jr.
  2/8/2018SenateFirst Reading
  2/8/2018SenateReferred to Assignments
  2/14/2018SenateAssigned to Local Government
  2/22/2018SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. James F. Clayborne, Jr.
  2/22/2018SenateSenate Committee Amendment No. 1 Referred to Assignments
  2/27/2018SenateSenate Committee Amendment No. 1 Assignments Refers to Local Government
  2/28/2018SenateSenate Committee Amendment No. 1 Postponed - Local Government
  2/28/2018SenatePostponed - Local Government
  3/9/2018SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. James F. Clayborne, Jr.
  3/9/2018SenateSenate Committee Amendment No. 2 Referred to Assignments
  3/13/2018SenateSenate Committee Amendment No. 2 Assignments Refers to Local Government
  3/13/2018SenateSenate Committee Amendment No. 2 Adopted
  3/14/2018SenateSenate Committee Amendment No. 1 Postponed - Local Government
  3/14/2018SenateDo Pass as Amended Local Government; 006-001-001
  3/14/2018SenatePlaced on Calendar Order of 2nd Reading April 10, 2018
  3/14/2018SenateAdded as Chief Co-Sponsor Sen. Chapin Rose
  3/15/2018SenateAdded as Co-Sponsor Sen. Sue Rezin
  4/13/2018SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
  4/18/2018SenateSecond Reading
  4/18/2018SenatePlaced on Calendar Order of 3rd Reading April 19, 2018
  4/19/2018SenateSenate Floor Amendment No. 3 Filed with Secretary by Sen. James F. Clayborne, Jr.
  4/19/2018SenateSenate Floor Amendment No. 3 Referred to Assignments
  4/23/2018SenateSenate Floor Amendment No. 3 Assignments Refers to Local Government

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