State of Illinois
91st General Assembly
Legislation

   [ Search ]   [ Legislation ]
[ Home ]   [ Back ]   [ Bottom ]



91_HB1288

 
                                               LRB9102141NTsb

 1        AN ACT to amend the School Code by changing Section 17-1.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.   The  School  Code  is  amended  by  changing
 5    Section 17-1 as follows:

 6        (105 ILCS 5/17-1) (from Ch. 122, par. 17-1)
 7        Sec. 17-1.  Annual Budget. The board of education of each
 8    school  district  under  500,000 inhabitants shall, within or
 9    before the first quarter of each fiscal year, adopt an annual
10    budget which it  deems  necessary  to  defray  all  necessary
11    expenses  and liabilities of the district, and in such annual
12    budget shall specify the objects and purposes  of  each  item
13    and amount needed for each object or purpose.
14        The budget shall be entered upon a School District Budget
15    form  prepared  and  provided by the State Board of Education
16    and therein shall contain a statement of the cash on hand  at
17    the  beginning  of  the  fiscal year, an estimate of the cash
18    expected to be received during each quarter  of  such  fiscal
19    year  from  all  sources,  an  estimate  of  the expenditures
20    contemplated for each quarter of  such  fiscal  year,  and  a
21    statement of the estimated cash expected to be on hand at the
22    end  of such year.  The estimate of taxes to be received each
23    quarter may be based upon the amount of actual cash  receipts
24    that  may  reasonably be expected by the district during each
25    quarter of such fiscal year, estimated from the experience of
26    the district in prior years and with  due  regard  for  other
27    circumstances  that  may  substantially affect such receipts.
28    Nothing in this section shall be construed as  requiring  any
29    district  to  change or preventing any district from changing
30    from a cash basis of financing to a surplus or deficit  basis
31    of  financing;  or  as  requiring  any  district to change or
 
                            -2-                LRB9102141NTsb
 1    preventing  any  district  from  changing   its   system   of
 2    accounting.
 3        The  board  of  education  of  each  district shall fix a
 4    fiscal year therefor.  If the beginning of the fiscal year of
 5    a district is subsequent to the time that the  tax  levy  for
 6    such fiscal year shall be made, then such annual budget shall
 7    be adopted prior to the time such tax levy shall be made.
 8        Such  budget  shall be prepared in tentative form by some
 9    person or persons  designated  by  the  board,  and  in  such
10    tentative form shall be made conveniently available to public
11    inspection  for  at  least  30  days  prior  to  final action
12    thereon.  At least 1 public hearing shall be held as to  such
13    budget prior to final action thereon.  Notice of availability
14    for  public  inspection  and  of such public hearing shall be
15    given  by  publication  in  a  newspaper  published  in  such
16    district, at least 30 days prior to the time of such hearing.
17    If there is no newspaper published in such  district,  notice
18    of  such  public  hearing  shall  be given by posting notices
19    thereof in 5 of the most public places in such  district.  It
20    shall be the duty of the secretary of such board to make such
21    tentative  budget  available  to  public  inspection,  and to
22    arrange for such public hearing.  The board may from time  to
23    time make transfers between the various items in any fund not
24    exceeding  in  the aggregate 10% of the total of such fund as
25    set forth in the budget. The board  may  from  time  to  time
26    amend such budget by the same procedure as is herein provided
27    for its original adoption.
28        Beginning  July  1,  1976,  the  board  of  education, or
29    regional superintendent, or governing board  responsible  for
30    the administration of a joint agreement shall, by September 1
31    of  each  fiscal  year thereafter, adopt an annual budget for
32    the joint agreement in the same manner  and  subject  to  the
33    same requirements as are provided in this section.
34        The  State  Board  of Education shall exercise powers and
 
                            -3-                LRB9102141NTsb
 1    duties relating to budgets as provided in Section 2--3.27  of
 2    this Act.
 3        By  fiscal  year  1982 all school districts shall use the
 4    Program Budget Accounting System.
 5        In the case of  a  school  district  receiving  emergency
 6    State financial assistance under Article 1B, the school board
 7    shall  also  be subject to the requirements established under
 8    Article 1B with respect to the annual budget.
 9    (Source: P.A. 86-954.)

10        Section 99.  Effective date.  This Act takes effect  upon
11    becoming law.

[ Top ]