(70 ILCS 3615/4.05) (from Ch. 111 2/3, par. 704.05)
Sec. 4.05.
Financial Statements and Annual Reports.
Within six months after the end of each fiscal year, the Board shall
prepare a complete and detailed report consolidating the audits of the
Service Boards and reviewing the State of the Authority, the Service Boards,
and of the public transportation provided by the various Service Boards
and transportation
agencies. The report shall include evaluations of public transportation in
the metropolitan region and of the Authority's activities, and financial
statements of the Authority's and the Service Boards' revenues and expenditures
for such year and
of their assets and liabilities, which financial statements shall have been
audited by an independent certified public accountant. The report shall
also set forth the financial results as reported to the Service Boards from each
transportation agency which during such year had a purchase of service
agreement with a Service Board or which received financial
grants or
financial assistance from a Service Board, such results
to be set forth
separately for each such agency. A sufficient
number of copies of each annual report shall be printed for distribution to
anyone, upon request, and a copy thereof shall be filed with the Governor,
the State Comptroller, the Speaker and Minority Leader of the Illinois
House of Representatives, the President and Minority Leader of the Illinois
Senate, the Mayor of the City of Chicago and the President or Chairman of
the county board of each county in the metropolitan region, each Service
Board, and with each
transportation agency which during such year had a purchase of service
agreement with a Service Board or which received financial
grants or other
financial assistance from a Service Board.
(Source: P.A. 83-1362.)
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