House Sponsors: STROGER. Short description: MUNI CD-FINAN REPORT-PUBLISH Synopsis of Bill as introduced: Amends the Illinois Municipal Code. Provides that a municipality may publish the information provided in its annual financial report at least once in a newspaper published in the municipality rather than publish each account. Requires the publication to state that a copy of the complete financial statement for the municipality and the independent auditor's report is available for inspection at the office of the treasurer of the municipality. Provides that if the municipality publishes the annual financial report rather than publish each account, then the municipal treasurer shall provide the municipal clerk with the information provided in the annual financial report rather than show in the account all moneys (i) received by the municipality with a general statement concerning the source of the receipts and (ii) paid out by the municipality when the total amount paid during the fiscal year exceeds $2,500 in the aggregate. Removes the provision requiring the treasurer to show in the account a summary statement of operations for all funds and account groups of the municipality. STATE MANDATES FISCAL NOTE In the opinion of DCCA, HB 1305 fails to create a State mandate under the State Mandates Act. HOME RULE NOTE HB 1305 does not preempt home rule authority. FISCAL NOTE (DCCA) HB 1305, is permissive in nature and would have a positive fiscal impact on units of local government, as it would bring down their costs. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status