Full Text of HB0792 95th General Assembly
HB0792eng 95TH GENERAL ASSEMBLY
|
|
|
HB0792 Engrossed |
|
LRB095 04917 HLH 24983 b |
|
| 1 |
| AN ACT concerning special districts.
| 2 |
| Be it enacted by the People of the State of Illinois,
| 3 |
| represented in the General Assembly:
| 4 |
| Section 5. The Metropolitan Water Reclamation District Act | 5 |
| is amended by changing Section 5.13 as follows:
| 6 |
| (70 ILCS 2605/5.13) (from Ch. 42, par. 324w)
| 7 |
| Sec. 5.13. The clerk shall prepare on or before the first | 8 |
| (1st) day of July
of each year after the year 1943, an annual | 9 |
| financial report which shall
contain financial information | 10 |
| required by generally accepted accounting principles (GAAP) | 11 |
| for governments as promulgated and established by the | 12 |
| Governmental Accounting Standards Board (GASB).
at least the | 13 |
| following information:
| 14 |
| (1) A separate balance sheet for each fund of the district | 15 |
| showing the
assets and liabilities in sufficient detail to | 16 |
| indicate the true financial
condition of each of the several | 17 |
| funds.
| 18 |
| (2) A combined balance sheet indicating the true financial | 19 |
| condition of
the district as a whole.
| 20 |
| (3) Statements of income and expense for each fund of the | 21 |
| district; such
statement shall indicate income by sources, and | 22 |
| expenses by functions
(activities), organization units and | 23 |
| objects.
|
|
|
|
HB0792 Engrossed |
- 2 - |
LRB095 04917 HLH 24983 b |
|
| 1 |
| (4) For each fund of the district a statement of cash | 2 |
| receipts by
sources compared with the estimated receipts for | 3 |
| the year under review and
a condensed statement of cash | 4 |
| disbursements.
| 5 |
| (5) An analysis of surplus statement for each fund of the | 6 |
| district, such
statement shall show the amount of the surplus | 7 |
| at the beginning of the
year, the changes during the year in | 8 |
| sufficient detail to indicate the
specific composition | 9 |
| thereof, and the amount of the surplus at the end of
the year.
| 10 |
| (6) For each fund a statement for the budget year of | 11 |
| expenditures and
encumbrances by organization units, objects | 12 |
| and functions (activities),
showing the amounts appropriated, | 13 |
| the amounts transferred during that year,
adjusted | 14 |
| appropriations, the amounts disbursed, the balance not | 15 |
| disbursed,
the amounts encumbered, the total disbursed and | 16 |
| encumbered and the
unencumbered balance in each item of | 17 |
| appropriation in the budget for that
year.
| 18 |
| (7) An analysis of net taxes receivable by tax years for | 19 |
| each of the tax
levies for five years next preceding the budget | 20 |
| year.
| 21 |
| (8) Such additional tables, charts, graphs, or other | 22 |
| statistical
material as may be deemed desirable by the clerk.
| 23 |
| Provided, however, that the statements to be prepared for | 24 |
| 1943 and prior
years, where the accounts have not been kept on | 25 |
| the basis herein
prescribed, shall be compiled on the presently | 26 |
| used basis of accounting and
compiled as nearly as practicable |
|
|
|
HB0792 Engrossed |
- 3 - |
LRB095 04917 HLH 24983 b |
|
| 1 |
| as herein prescribed.
| 2 |
| Copies of the annual financial report shall be made | 3 |
| conveniently
available in the office of the Sanitary District | 4 |
| to the public and shall be
issued to any person upon payment of | 5 |
| a reasonable amount therefor. Nothing
in this section shall be | 6 |
| construed to mean that the annual financial report
may not be | 7 |
| combined with the annual audit report and the two published
| 8 |
| simultaneously as one report.
| 9 |
| (Source: Laws 1943, vol. 1, p. 599 .)
| 10 |
| Section 99. Effective date. This Act takes effect upon | 11 |
| becoming law.
|
|