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90_SB1599eng
105 ILCS 5/2-3.17a from Ch. 122, par. 2-3.17a
Amends the School Code. Requires the State Board of
Education to annually cause an audit to be made of the
financial statements of all accounts, funds, and moneys of
all educational service centers (other than those of an
educational service center serving a school district located
in Chicago) in the same manner as such audits are made of the
financial statements of the accounts, funds, and moneys in
the care, custody, or control of regional superintendents.
Effective immediately.
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1 AN ACT to amend the School Code by changing Section
2 2-3.17a.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The School Code is amended by changing
6 Section 2-3.17a as follows:
7 (105 ILCS 5/2-3.17a) (from Ch. 122, par. 2-3.17a)
8 Sec. 2-3.17a. Financial audits. The State Board of
9 Education shall annually cause an audit to be made, as of
10 June 30, 1986 and as of June 30th of each year thereafter, of
11 the financial statements of all accounts, funds and other
12 moneys in the care, custody or control of the regional
13 superintendent of schools of each educational service region
14 in the State and of each educational service center
15 established under Section 2-3.62 of this Act other than an
16 educational service center serving a school district in a
17 city having a population exceeding 500,000. The audit shall
18 be conducted in accordance with Generally Accepted
19 Governmental Auditing Standards and shall include an
20 examination of supporting books and records and a
21 representative sample of vouchers for distributions and
22 expenditures. On February 15, 1991, and on February 15 of
23 each year thereafter, the State Board of Education shall
24 notify the Legislative Audit Commission in writing of the
25 completion or of the reasons for the noncompletion of each
26 audit required by this Section to be made as of the preceding
27 June 30. An audit report shall be prepared for each audit
28 made pursuant to this Section, and all such audit reports
29 shall be kept on file in the office of the State Board of
30 Education. Within 60 days after each audit report required to
31 be prepared under this Section is completed, the State Board
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1 of Education: (i) shall furnish a copy of such audit report
2 to each member of the General Assembly whose legislative or
3 representative district includes any part of the educational
4 service region served by the regional superintendent of
5 schools with respect to whose financial statements that audit
6 report was prepared or any part of the area served by the
7 educational service center that is the subject of the audit;
8 and (ii) shall publish in a newspaper published in that
9 educational service region or area served by the educational
10 service center that is the subject of the audit a notice that
11 the audit report has been prepared and is available for
12 inspection during regular business hours at the office of the
13 regional superintendent of schools of that educational
14 service region or at the administrative office of the
15 educational service center. Each audit shall be made in such
16 manner as to determine, and each audit report shall be
17 prepared in such manner as to state:
18 (a) The balances on hand of all accounts, funds and
19 other moneys in the care, custody or control of the regional
20 superintendent of schools or educational service center at
21 the beginning of the fiscal year being audited;
22 (b) the amount of funds received during the fiscal year
23 by source;
24 (c) the amount of funds distributed or otherwise paid by
25 the regional superintendent of schools or educational service
26 center to each school treasurer in his or her educational
27 service region or area, including the purpose of such
28 distribution or payment and the fund or account from which
29 such distribution or payment is made;
30 (d) the amounts paid or otherwise disbursed by the
31 regional superintendent of schools or educational service
32 center -- other than the amounts distributed or paid by the
33 regional superintendent of schools or educational service
34 center to school treasurers as described in paragraph (c)
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1 above -- for all other purposes and expenditures, including
2 the fund or account from which such payments or disbursements
3 are made and the purpose thereof; and
4 (e) the balances on hand of all accounts, funds and
5 other moneys in the care, custody or control of the regional
6 superintendent of schools or educational service center at
7 the end of the fiscal year being audited.
8 The State Board of Education shall adopt rules and
9 regulations relative to the time and manner by which the
10 regional superintendent of schools or educational service
11 center shall present for inspection or make available to the
12 State Board of Education, or to the agents designated by such
13 Board to make an audit and prepare an audit report pursuant
14 to this Section, all financial statements, books, records,
15 vouchers for distributions and expenditures, and records of
16 accounts, funds and other moneys in the care, custody or
17 control of the regional superintendent of schools or
18 educational service center and required for purposes of
19 making such audit and preparing an audit and preparing an
20 audit report.
21 (f) The State Board of Education shall require the
22 regional superintendent of schools of each educational
23 service region or administrator of each educational service
24 center to promptly implement all recommendations based on
25 audit findings resulting from a violation of law made in
26 audits prepared pursuant to this Section, unless the State
27 Board of Education, upon review, determines, with regard to
28 any such finding, that implementation of the recommendation
29 is not appropriate.
30 (Source: P.A. 85-1389; 86-1332.)
31 Section 99. Effective date. This Act takes effect upon
32 becoming law.