Illinois General Assembly

Previous General Assemblies

Full Text of HB5503  98th General Assembly

HB5503enr 98TH GENERAL ASSEMBLY

  
  
  

 


 
HB5503 EnrolledLRB098 19162 JLK 54314 b

1    AN ACT concerning local government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Counties Code is amended by adding Section
56-31012 as follows:
 
6    (55 ILCS 5/6-31012 new)
7    Sec. 6-31012. Audit report disclosure. Each fiscal year,
8within 60 days of the close of an audit under this Division,
9the auditor conducting the audit of all of the funds and
10accounts of a county shall do each of the following:
11        (1) Provide a copy of any management letter and a copy
12    of any audited financial statements to each member of the
13    county board. If the county maintains an Internet website,
14    the county board shall post this information to its
15    website.
16        (2) Present the information from the audit to the
17    county board either in person or by a live phone or web
18    connection during a public meeting.
 
19    Section 10. The Illinois Municipal Code is amended by
20adding Section 8-8-10.5 as follows:
 
21    (65 ILCS 5/8-8-10.5 new)

 

 

HB5503 Enrolled- 2 -LRB098 19162 JLK 54314 b

1    Sec. 8-8-10.5. Audit report disclosure. Each fiscal year,
2within 60 days of the close of an audit under this Act, the
3auditor conducting the audit of all of the funds and accounts
4of a municipality shall do each of the following:
5        (1) Provide a copy of any management letter and a copy
6    of any audited financial statements to each member of the
7    municipality's corporate authorities. If the municipality
8    maintains an Internet website, the corporate authorities
9    shall post this information to its website.
10        (2) Present the information from the audit to the
11    municipality's corporate authorities either in person or
12    by a live phone or web connection during a public meeting.