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760 ILCS 100/12
(760 ILCS 100/12) (from Ch. 21, par. 64.12)
Sec. 12.
Annual reports.
Every licensee shall prepare a written report as of the end of the
preceding calendar year or fiscal year, as the case may be, showing:
(a) The amount of the principal of the care funds held
in trust
by the trustee of the care funds at the beginning of
such year and in addition thereto all moneys or property received during
such year (1) under and by virtue of the sale of a lot, grave, crypt or
niche; (2) under or by virtue of the terms of the contract authorized by
the provisions of Section 3 of this Act; (3) under or by virtue of any
gift, grant, legacy, payment or other contribution made either
prior to or subsequent to the effective date of this Act, and (4) under or
by virtue of any contract or conveyance made either prior to or subsequent
to the effective date of this Act;
(b) The securities in which such care funds are invested and the cash on
hand as of the date of the report;
(c) The income received from such care funds during the preceding
calendar year, or fiscal year, as the case may be;
(d) The expenditures made from said income during the preceding calendar
year, or fiscal year, as the case may be; and
(e) The number of interments made during the preceding calendar year, or
fiscal year, as the case may be.
Where any of the care funds of a licensee are held by
an independent trustee, the
report filed by the licensee shall contain a certificate signed by the
trustee of the care funds of such licensee certifying to the truthfulness
of the statements in the report as to (1) the total amount of principal of
the care funds held by the trustee, (2) the securities in which such care
funds are invested and the cash on hand as of the date of the report and
(3) the income received from such care funds during the preceding calendar
year, or fiscal year, as the case may be.
Such report shall be filed by such licensee on or before March 15 of
each calendar year, in the office of the Comptroller. If the fiscal year of
such licensee is other than on a calendar year basis, then such licensee
shall file the report required by this Section within 2 1/2
months of the end of its fiscal year. The Comptroller shall for good cause
shown grant an extension for the filing of the annual report upon the
written request of the licensee. Such extension shall not exceed 60 days.
If a licensee fails to submit an annual report to the Comptroller within
the time specified in this Section, the Comptroller shall impose upon the
licensee a penalty of $5 for each and every day the licensee remains
delinquent in submitting the annual report. The Comptroller may abate all or
part of the $5 daily penalty for good cause shown.
Such report shall be made under oath and shall be in the form furnished
by the Comptroller. Each report shall be accompanied by a check or money
order in the amount of $10, payable to: Comptroller, State of Illinois.
If any annual report shows that the amount of the care funds held
in trust at the
end of the preceding calendar year or fiscal year, as the case may be, has
increased in amount over that shown by the next preceding report, then the
fidelity bond theretofore filed shall be increased to the amount required by
Section 9 of this Act. Such increased fidelity bond shall accompany the report
and no report shall be accepted by the Comptroller unless accompanied by such
bond, except where the filing of a bond is excused by Section 18 of this Act.
(Source: P.A. 92-419, eff. 1-1-02.)
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