(60 ILCS 1/135-35)
Sec. 135-35.
Treasurer as custodian; annual report.
(a) The treasurer shall have custody of all money and property received
in trust by the board of managers and shall pay out the money and property only
upon the written order of the board, signed by at least 4 of its members. The
treasurer shall keep permanent books of record of all trust funds, all receipts
and disbursements of trust funds, and for what purposes trust funds were
received and disbursed.
(b) The treasurer shall, on or before the first day of July of each year,
make a report in writing to the board of managers, under oath, showing
balances, receipts, and disbursements, including a statement showing the amount
and principal of trust funds on hand and how invested. The report shall be
audited by the board and, if found correct, shall be transmitted to the
township supervisors or highway commissioners. If the report is approved by the
supervisors or highway commissioners, it shall be filed by them with the same
township or district clerk with whom the treasurer's bond is filed under
Section 135-30.
(Source: Laws 1945, p. 388; P.A. 88-62.)
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