State of Illinois
92nd General Assembly
Legislation

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92_HB1883enr

 
HB1883 Enrolled                                LRB9206813REdv

 1        AN ACT concerning government audits.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The Governmental Account Audit Act is amended
 5    by changing Sections 1 and 4 as follows:

 6        (50 ILCS 310/1) (from Ch. 85, par. 701)
 7        Sec. 1.  Definitions. As used in  this  Act,  unless  the
 8    context otherwise indicates:
 9        "Governmental  unit"  or  "unit"  includes  all municipal
10    corporations in and political subdivisions of this State that
11    appropriate more than $5,000 for  a  fiscal  year,  with  the
12    amount  to increase or decrease by the amount of the Consumer
13    Price Index (CPI) as reported on  January  1  of  each  year,
14    except the following:
15             (1)  School districts.
16             (2)  Cities,   villages,   and   incorporated  towns
17        subject to the Municipal Auditing Law,  as  contained  in
18        the  Illinois  Municipal  Code,  and  cities  that file a
19        report with the Comptroller under Section  3.1-35-115  of
20        the Illinois Municipal Code.
21             (3)  Counties  with  a  population  of  1,000,000 or
22        more.
23             (4)  Counties subject to the County Auditing Law.
24             (5)  Any  other   municipal   corporations   in   or
25        political  subdivisions  of  this  State, the accounts of
26        which are required by law to be audited by or  under  the
27        direction of the Auditor General.
28             (6)  (Blank).
29             (7)  A  drainage  district,  established  under  the
30        Illinois  Drainage  Code  (70  ILCS  605),  that  did not
31        receive or  expend  any  moneys  during  the  immediately
 
HB1883 Enrolled             -2-                LRB9206813REdv
 1        preceding fiscal year.
 2             (8)  Public    housing   authorities   that   submit
 3        financial reports to the U.S. Department of  Housing  and
 4        Urban Development.
 5        "Governing  body"  means  the  board  or  other  body  or
 6    officers having authority to levy taxes, make appropriations,
 7    authorize  the  expenditure of public funds or approve claims
 8    for any governmental unit.
 9        "Comptroller" means  the  Comptroller  of  the  State  of
10    Illinois.
11        "Consumer Price Index" means the Consumer Price Index for
12    All  Urban  Consumers  for  all items published by the United
13    States Department of Labor.
14        "Licensed public accountant" means the holder of a  valid
15    certificate  as a public accountant under the Illinois Public
16    Accounting Act.
17        "Audit report" means the written report of  the  licensed
18    public  accountant  and all appended statements and schedules
19    relating to that report, presenting or recording the findings
20    of an examination or audit  of  the  financial  transactions,
21    affairs, or conditions of a governmental unit.
22        "Report"  includes  both  audit reports and reports filed
23    instead  of  an  audit  report   by   a   governmental   unit
24    appropriating  less  than  $200,000 during any fiscal year to
25    which the reports relate.
26    (Source: P.A. 90-104, eff. 7-11-97.)

27        (50 ILCS 310/4) (from Ch. 85, par. 704)
28        Sec. 4.  Overdue report.
29        (a)  If the required report for a  governmental  unit  is
30    not  filed  with the Comptroller in accordance with Section 2
31    or Section 3, whichever is applicable, within 6 months  after
32    the  close  of  the fiscal year of the governmental unit, the
33    Comptroller shall notify the governing body of that  unit  in
 
HB1883 Enrolled             -3-                LRB9206813REdv
 1    writing  that  the  report is due and may also grant a 60 day
 2    extension for the filing of the audit report. If the required
 3    report is not filed within the time specified in such written
 4    notice, the Comptroller shall cause an audit to be made by  a
 5    licensed  public  accountant, and the governmental unit shall
 6    pay to the Comptroller actual compensation  and  expenses  to
 7    reimburse  him  for  the cost of preparing or completing such
 8    report.
 9        (b)  The Comptroller may decline to order  an  audit  and
10    the  preparation  of  an  audit  report  (i)  if  an  initial
11    examination of the books and records of the governmental unit
12    indicates that the books and records of the governmental unit
13    are  inadequate  or unavailable due to the passage of time or
14    the  occurrence  of  a  natural  disaster  or  (ii)  if   the
15    Comptroller determines that the cost of an audit would impose
16    an unreasonable financial burden on the governmental unit.
17    (Source: P.A. 90-104, eff. 7-11-97.)

18        Section  99.  Effective date.  This Act takes effect upon
19    becoming law.

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