Votes: IL HB5011 | 2023-2024 | 103rd General Assembly
Bill Title: Amends the Governmental Account Audit Act. Modifies the audit procedures for governmental units under the Act for the governmental units fiscal years 2026 and after, including: (1) modifying the definitions of "audit report" and "report"; (2) requiring the governing body of each governmental unit to conduct an audit every 2 years (rather than annually) of the accounts of the unit to be made by an auditor or auditors, and modifying the requirements of the audits; (3) allowing an exception for a governmental unit receiving revenue of less than $1,400,000 for any fiscal year, with the amount to increase or decrease by a percentage equal to the Consumer Price Index-U as reported on January 1 of each year, to provide a 4-year audit report and annual financial report or annual financial report under specified requirements (rather than a governmental unit receiving revenue of less than $850,000 for any fiscal year providing a 4-year audit report and annual financial report or annual financial report under specified requirements); and (4) modifying the requirements for signing, copying, and filing completed reports. Amends the Township Code to make conforming changes. Effective immediately.
Spectrum: Slight Partisan Bill (Republican 19-12)
Status: (Engrossed) 2024-05-03 - Added as Alternate Co-Sponsor Sen. Mike Porfirio [HB5011 Detail]
Text: Latest bill text (Engrossed) [HTML]
Spectrum: Slight Partisan Bill (Republican 19-12)
Status: (Engrossed) 2024-05-03 - Added as Alternate Co-Sponsor Sen. Mike Porfirio [HB5011 Detail]
Text: Latest bill text (Engrossed) [HTML]
Voting Records
Chamber | Vote | Date | Yea | Nay | NV | Abs | Total | Result | Source | View |
---|---|---|---|---|---|---|---|---|---|---|
House | Third Reading in House | 2024-04-18 | 108 | 0 | 1 | 2 | 111 | Passed | Link | View |