Full Text of SR0609 96th General Assembly
SR0609 96TH GENERAL ASSEMBLY
|
|
|
SR0609 |
|
LRB096 20125 JDS 35661 r |
|
| 1 |
| SENATE RESOLUTION
| 2 |
| WHEREAS, Pursuant to State law, the State Comptroller is | 3 |
| given the responsibility to "develop
and prescribe for the use | 4 |
| of all State agencies a uniform accounting system . . ." in | 5 |
| accordance
with generally accepted accounting principles | 6 |
| applicable to government; and
| 7 |
| WHEREAS, For the last 7 years, the Auditor General's audits | 8 |
| of the State's financial
statements have concluded that the | 9 |
| State of Illinois does not have adequate controls to ensure
| 10 |
| that information reported by individual agencies of the primary | 11 |
| government is fairly stated and
compliant with generally | 12 |
| accepted accounting principles; and
| 13 |
| WHEREAS, For the last 7 years, the Auditor General's | 14 |
| statewide single audits have
concluded that the State's current | 15 |
| financial reporting process also is not sufficient to allow the
| 16 |
| State to prepare a complete and accurate Comprehensive Annual | 17 |
| Financial Report (CAFR) or the
Schedule of Expenditures of the | 18 |
| Federal Awards in a timely manner; and
| 19 |
| WHEREAS, Financial reporting problems result in | 20 |
| inaccuracies, inefficiencies, and delays that
negatively | 21 |
| impact the ability of State decision-makers to have timely and | 22 |
| accurate information
on which to base their decisions and could |
|
|
|
SR0609 |
- 2 - |
LRB096 20125 JDS 35661 r |
|
| 1 |
| potentially jeopardize the State's eligibility for federal
| 2 |
| funding; and
| 3 |
| WHEREAS, A centralized automated reporting system, if | 4 |
| properly implemented, would increase
the State's timeliness, | 5 |
| accuracy, and consistency in financial reporting and enhance | 6 |
| its
accountability and transparency to citizens, other units of | 7 |
| government, vendors, bond-rating
agencies, and other | 8 |
| interested persons; and
| 9 |
| WHEREAS, The cost of a centralized automated reporting | 10 |
| system sufficient to address these
issues is estimated at more | 11 |
| than $100 million; therefore, be it
| 12 |
| RESOLVED, BY THE SENATE OF THE NINETY-SIXTH GENERAL | 13 |
| ASSEMBLY OF THE STATE OF ILLINOIS, that the Auditor General is | 14 |
| directed to conduct a management
audit of the State's financial | 15 |
| reporting system; and be it further
| 16 |
| RESOLVED, That that the audit include, but not be limited | 17 |
| to, the following determinations: | 18 |
| (1) an analysis of the State's current financial | 19 |
| reporting procedures, practices, and
systems, including | 20 |
| the number of different systems used by the various State
| 21 |
| agencies, an estimate of the cost of maintaining those | 22 |
| systems, and whether those
systems are compliant with |
|
|
|
SR0609 |
- 3 - |
LRB096 20125 JDS 35661 r |
|
| 1 |
| generally accepted accounting principles applicable to
| 2 |
| government; and | 3 |
| (2) a survey of other states to determine their methods | 4 |
| of financial reporting and any
advantages or disadvantages | 5 |
| to those methods, with particular emphasis on those
states, | 6 |
| if any, with centralized automated reporting systems; and | 7 |
| be it further | 8 |
| RESOLVED, That the Office of the Governor, Office of the | 9 |
| State Comptroller, Governor's
Office of Management and Budget, | 10 |
| and any other entity having information relevant to this audit
| 11 |
| cooperate fully and promptly with the Auditor General's Office | 12 |
| in the conduct of this audit; and be it further
| 13 |
| RESOLVED, That the Auditor General commence this audit as | 14 |
| soon as possible and report
findings and recommendations upon | 15 |
| completion in accordance with the provisions of Section 3-14 of | 16 |
| the Illinois State Auditing Act, but no later than 12 months | 17 |
| after the adoption of this resolution; and be it further | 18 |
| RESOLVED, That copies of this resolution be delivered to | 19 |
| the Auditor General, Governor, and State Comptroller.
|
|