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90_HB1180
110 ILCS 805/3-22.1 from Ch. 122, par. 103-22.1
Amends the Public Community College Act. Provides that
the board of community college districts shall be required to
file the uniform financial statements from the audit report
(now the audit report) with the State Board.
LRB9002809LDdv
LRB9002809LDdv
1 AN ACT to amend the Public Community College Act by
2 changing Section 3-22.1.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Public Community College Act is amended
6 by changing Section 3-22.1 as follows:
7 (110 ILCS 805/3-22.1) (from Ch. 122, par. 103-22.1)
8 Sec. 3-22.1. To cause an audit to be made as of the end
9 of each fiscal year by an accountant licensed to practice
10 public accounting in Illinois and appointed by the board. The
11 auditor shall perform his or her examination in accordance
12 with generally accepted auditing standards and regulations
13 prescribed by the State Board, and submit his or her report
14 thereon in accordance with generally accepted accounting
15 principles. The examination and report shall include a
16 verification of student enrollments and any other bases upon
17 which claims are filed with the State Board. The audit report
18 shall include a statement of the scope and findings of the
19 audit and a professional opinion signed by the auditor. If a
20 professional opinion is denied by the auditor he or she shall
21 set forth the reasons for that denial. The board shall not
22 limit the scope of the examination to the extent that the
23 effect of such limitation will result in the qualification of
24 the auditor's professional opinion. The procedures for
25 payment for the expenses of the audit shall be in accordance
26 with Section 9 of the Governmental Account Audit Act. Copies
27 of the audit report shall be filed with the State Board in
28 accordance with regulations prescribed by the State Board.
29 The State Board shall file one copy of the audit report with
30 the Auditor General. The State Board shall file copies of
31 the uniform financial statements from the audit report and
-2- LRB9002809LDdv
1 one copy with the Board of Higher Education.
2 (Source: P.A. 87-246.)