104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
SB4037
 
Introduced 2/6/2026, by Sen. Terri Bryant
 
SYNOPSIS AS INTRODUCED:
 
60 ILCS 1/80-20
    Amends the Township Code. In provisions concerning the audits of townships that receive revenue of less than $850,000 during any fiscal year, provides that, in addition to the other audit requirements imposed by law, the township boards shall have the accounts and all records of the township thoroughly audited by a certified public accountant or subjected to a financial statement review (rather than only by a certified public accountant) within 6 months after (i) the end of each term of office of the township supervisor and (ii) a vacancy occurs in the office of township supervisor. Makes conforming changes.


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A BILL FOR
 
SB4037LRB104 15873 RTM 29093 b

1    AN ACT concerning local government.
 
2    Be it enacted by the People of the State of Illinois, 
3represented in the General Assembly:
 
4    Section 5. The Township Code is amended by changing 
5Section 80-20 as follows:
 
6    (60 ILCS 1/80-20)
7    Sec. 80-20. Independent audit of accounts. 
8    (a) All accounts audited under this Article (and those 
9rejected, if any) shall be delivered with the certificate of 
10the trustees (or a majority of them) to the township clerk, who 
11shall keep them on file for the inspection of any of the 
12inhabitants of the township. They shall also be produced by 
13the township clerk at the next annual meeting and shall be read 
14at the meeting by the clerk.
15    (b) In townships that receive revenue of $850,000 or more 
16during any fiscal year, exclusive of road funds, the township 
17board shall have the accounts and all records of the township 
18thoroughly audited by a certified public accountant within 6 
19months after the close of each fiscal year. The board shall 
20have a copy of the accountant's report and recommendations 
21filed with the township clerk and another copy filed with the 
22county clerk for public inspection.
23    (c) In townships that receive revenue of less than 
 
 
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1$850,000 during any fiscal year, exclusive of road funds, the 
2township board shall have the accounts and all records of the 
3township audited and inspected by an independent auditing 
4committee composed of 3 township electors chosen by the board. 
5The audit shall be completed within 6 months after the close of 
6each fiscal year. A copy of the auditing committee's report 
7and recommendations shall be filed with the township clerk and 
8another copy shall be filed with the county clerk for public 
9inspection. The auditing committee shall not contain any 
10member of the township board or any person related to a 
11trustee. Members of the auditing committee shall be proficient 
12in accounting principles and practices and shall be 
13compensated at a rate determined by the township board but not 
14to exceed $50 per day. In addition to the other audit 
15requirements imposed by law, in townships subject to this 
16subsection, the township board shall have the accounts and all 
17records of the township (i) thoroughly audited by a certified 
18public accountant or (ii) subjected to a financial statement 
19review. The additional audit or financial statement review 
20shall be conducted within 6 months after (i) the end of each 
21term of office of the township supervisor and (ii) a vacancy 
22occurs in the office of township supervisor. A copy of the 
23accountant's report and recommendations or the findings of the 
24financial statement review shall be filed with the township 
25clerk and another copy shall be filed with the county clerk for 
26public inspection.
 
 
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1(Source: P.A. 92-582, eff. 7-1-02.)