Full Text of HB3480 94th General Assembly
HB3480sam003 94TH GENERAL ASSEMBLY
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Sen. Dan Cronin
Filed: 5/11/2005
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09400HB3480sam003 |
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LRB094 11248 RAS 46434 a |
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| AMENDMENT TO HOUSE BILL 3480
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| AMENDMENT NO. ______. Amend House Bill 3480, by replacing | 3 |
| lines 11 through 35 on page 4, lines 1 through 36 on page 5, and | 4 |
| lines lines 1 through 32 on page 6 with the following:
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| "(105 ILCS 5/17-1) (from Ch. 122, par. 17-1)
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| Sec. 17-1. Annual Budget. The board of education of each | 7 |
| school
district under 500,000 inhabitants shall, within or | 8 |
| before the first
quarter of each fiscal year, adopt an annual | 9 |
| budget which it deems
necessary to defray all necessary | 10 |
| expenses and liabilities of the
district, and in such annual | 11 |
| budget shall specify the objects and
purposes of each item and | 12 |
| amount needed for each object or purpose.
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| The budget shall be entered upon a School District Budget | 14 |
| form prepared
and provided by the State Board of Education and | 15 |
| therein shall contain
a statement of the cash on hand at the
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| beginning of the fiscal year, an estimate of the cash expected | 17 |
| to be
received during such fiscal year from all sources, an | 18 |
| estimate of the
expenditures contemplated for such fiscal year, | 19 |
| and a statement of the
estimated cash expected to be on hand at | 20 |
| the end of such year. The
estimate of taxes to be received may | 21 |
| be based upon the amount of actual
cash receipts that may | 22 |
| reasonably be expected by the district during
such fiscal year, | 23 |
| estimated from the experience of the district in prior
years | 24 |
| and with due regard for other circumstances that may | 25 |
| substantially
affect such receipts. Nothing in this Section |
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| shall be construed as
requiring any district to change or | 2 |
| preventing any district from
changing from a cash basis of | 3 |
| financing to a surplus or deficit basis of
financing; or as | 4 |
| requiring any district to change or preventing any
district | 5 |
| from changing its system of accounting.
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| The board of education of each district shall fix a fiscal | 7 |
| year
therefor. If the beginning of the fiscal year of a | 8 |
| district is
subsequent to the time that the tax levy due to be | 9 |
| made in such
fiscal year shall be
made, then such annual budget | 10 |
| shall be adopted prior to the time such
tax levy shall be made.
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| The failure by a board of education of any district to adopt an | 12 |
| annual
budget, or to comply in any respect with the provisions | 13 |
| of this Section, shall
not affect the validity of any tax levy | 14 |
| of the district otherwise in
conformity with the law. With | 15 |
| respect to taxes levied either before, on, or
after the | 16 |
| effective date of this amendatory Act of the 91st General | 17 |
| Assembly,
(i) a tax levy is made
for the fiscal year in which | 18 |
| the levy is due to be made regardless of which
fiscal year the | 19 |
| proceeds of the levy are expended or are intended to be
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| expended, and (ii) except as otherwise provided by law, a board | 21 |
| of education's
adoption of
an annual budget in conformity with | 22 |
| this Section is not a prerequisite to the
adoption of a valid | 23 |
| tax levy and is not a limit on the amount of the levy.
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| Such budget shall be prepared in tentative form by some | 25 |
| person or
persons designated by the board, and in such | 26 |
| tentative form shall be
made conveniently available to public | 27 |
| inspection for at least 30 days
prior to final action thereon. | 28 |
| At least 1 public hearing shall be held
as to such budget prior | 29 |
| to final action thereon. Notice of availability
for public | 30 |
| inspection and of such public hearing shall be given by
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| publication in a newspaper published in such district, at least | 32 |
| 30 days
prior to the time of such hearing. If there is no | 33 |
| newspaper published
in such district, notice of such public | 34 |
| hearing shall be given by
posting notices thereof in 5 of the |
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| most public places in such district.
It shall be the duty of | 2 |
| the secretary of such board to make such
tentative budget | 3 |
| available to public inspection, and to arrange for such
public | 4 |
| hearing. The board may from time to time make transfers between
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| the various items in any fund not exceeding in the aggregate | 6 |
| 10% of the
total of such fund as set forth in the budget. The | 7 |
| board may from time
to time amend such budget by the same | 8 |
| procedure as is herein provided
for its original adoption.
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| Beginning July 1, 1976, the board of education, or regional
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| superintendent, or governing board responsible for the | 11 |
| administration of
a joint agreement shall, by September 1 of | 12 |
| each
fiscal year thereafter, adopt an annual budget for the | 13 |
| joint agreement
in the same manner and subject to the same | 14 |
| requirements as are provided
in this Section.
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| All districts and joint agreements shall include a separate | 16 |
| statement that lists each contract or agreement that pertains | 17 |
| to goods and services or licenses that are intended to generate | 18 |
| $1,000 or more in additional revenue or other remunerations or | 19 |
| considerations for the school district or a school, class, or | 20 |
| association authorized by the district, including without | 21 |
| limitation vending machines, sports and other attire, class | 22 |
| rings, and photographic services. This statement shall | 23 |
| identify the contract or agreement and the beneficiary of the | 24 |
| contract (whether it be the district or a particular school, | 25 |
| class, or association) and show the beginning balance, | 26 |
| receipts, expenditures, transfers, and ending balance | 27 |
| associated with the contract.
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| The State Board of Education shall exercise powers and | 29 |
| duties
relating to budgets as provided in Section 2--3.27 of | 30 |
| this Act.
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| By fiscal year 1982 all school districts shall use the | 32 |
| Program Budget
Accounting System.
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| In the case of a school district receiving emergency State | 34 |
| financial
assistance under Article 1B, the school board shall |
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| also be subject to the
requirements
established under Article | 2 |
| 1B with respect to the annual budget.
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| (Source: P.A. 91-75, eff. 7-9-99.)".
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