Bill Sponsors: IL HB4104 | 2017-2018 | 100th General Assembly

Bill Title: Amends the Illinois Municipal Auditing Law of the Illinois Municipal Code. Provides that audit reports reporting on the financial position and results of financial operations for each fund of the municipality shall be consistent with either the accrual or cash basis of accounting depending upon the system followed by each municipality and shall otherwise be in accordance with generally accepted accounting principles (currently, shall be in accordance with generally accepted accounting principles, insofar as possible).

Spectrum: Bipartisan Bill

Status: (Failed) 2019-01-08 - Session Sine Die [HB4104 Detail]

Text: Latest bill text (Engrossed) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Representative Anthony DeLuca [D]PrimarySponsored BillsHD-080FollowTheMoneyBallotpediaVoteSmart
Representative Keith Sommer [R]CosponsorSponsored BillsHD-088FollowTheMoneyBallotpediaVoteSmart
Representative Stephanie Kifowit [D]CosponsorSponsored BillsHD-084FollowTheMoneyBallotpediaVoteSmart
Representative Margo McDermed [R]CosponsorSponsored BillsHD-037FollowTheMoneyBallotpediaVoteSmart
Senator Kyle McCarter [R]PrimarySponsored BillsSD-054FollowTheMoneyBallotpediaVoteSmart

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