(70 ILCS 2605/5.12) (from Ch. 42, par. 324v)
Sec. 5.12.
Annual audit.
Each district shall cause an
independent audit to be made annually for the period beginning January 1,
and ending December 31. Such
audit shall be made by a Certified Public Accountant licensed to practice
in the State of Illinois, who shall examine and audit the
accounts of the district. A report thereof, together with any
recommendations as to changes in accounting procedure
shall be made to the board of trustees and shall be printed in the official
proceedings of the district. At least 3 copies of such audit shall
be made conveniently available for public inspection at the office of the
district and a copy of such audit shall be made available to any person
requesting a copy thereof upon the payment of a reasonable charge. Copies
of such audit shall be furnished to such departments or agencies of the
State of Illinois as may be required by law and such audit shall comply
with such State laws as may regulate the making of governmental audits. The
reasonable expense of the audit required to be made hereunder shall be paid
by each such sanitary district.
An annual audit of the Metropolitan Water Reclamation District of Greater
Chicago conducted in accordance with Section 5.12a serves as that
district's annual audit required by this Section.
(Source: P.A. 89-296, eff. 8-11-95.)
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