(65 ILCS 5/8-2-9.3) (from Ch. 24, par. 8-2-9.3)
Sec. 8-2-9.3.
The municipal budget officer shall compile a budget, such
budget to contain estimates of revenues available to the municipality for
the fiscal year for which the budget is drafted, together with recommended
expenditures for the municipality and all of the municipality's
departments, commissions, and boards. Revenue estimates and expenditure
recommendations shall be presented in a manner which is in conformity with
good fiscal management practices. Substantial conformity to a chart of
accounts, now or in the future, recommended by the National Committee on
Governmental Accounting, or the Auditor of Public Accounts of the State
of Illinois, or the Division of Local Governmental Affairs and Property
Taxes of the Department of Revenue of the State of Illinois or successor
agencies shall be deemed proof of such conformity. The budget shall contain
actual or estimated revenues and expenditures for the two years immediately
preceding the fiscal year for which the budget is prepared. So far as is
possible, the fiscal data for such two preceding fiscal years shall be
itemized in a manner which is in conformity with the chart of accounts
approved above. Each budget shall show the specific fund from which each
anticipated expenditure shall be made.
(Source: P.A. 91-357, eff. 7-29-99.)
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