Illinois General Assembly - Bill Status for SB0560
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 Bill Status of SB0560  98th General Assembly


Short Description:  SCH CD-FIN AUDIT-CASH BASIS

Senate Sponsors
Sen. Laura Ellman, Scott M. Bennett and Dave Syverson

Last Action
DateChamber Action
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
105 ILCS 5/2-3.17afrom Ch. 122, par. 2-3.17a


Synopsis As Introduced
Amends the School Code. Relative to the financial audits made annually by the Auditor General of the financial statements of all accounts, funds, and other moneys in the care, custody, or control of a regional superintendent of schools or educational service region, provides that the regional office of education or educational service center may utilize a cash basis, modified cash basis, or generally accepted accounting principles (GAAP) basis of accounting in the preparation of the financial statements. Makes changes to require audit reports to be published on the Auditor General's website and distributed in accordance with the Illinois State Auditing Act. Effective immediately.

Actions 
DateChamber Action
  2/23/2021SenateFiled with Secretary by Sen. Laura Ellman
  2/23/2021SenateFirst Reading
  2/23/2021SenateReferred to Assignments
  3/9/2021SenateAdded as Co-Sponsor Sen. Scott M. Bennett
  4/7/2021SenateAssigned to Education
  4/13/2021SenateAdded as Co-Sponsor Sen. Dave Syverson
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments

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