Bill Text: IL HB2369 | 2013-2014 | 98th General Assembly | Chaptered
Bill Title: Amends the State Comptroller Act. Requires the Comptroller to post certain financial reports on its website (rather than delivering them to the legislative leaders and the chairpersons of the appropriation committees). Authorizes the Comptroller to publish interim financial reports, rather than a comprehensive annual financial report, under certain circumstances. Amends the State Finance Act. Authorizes, in any year, the State Comptroller to order transferred and the State Treasurer to transfer from the General Revenue Fund to the Education Assistance Fund, or the State Comptroller to order transferred and the State Treasurer to transfer from the Education Assistance Fund to the General Revenue Fund, the amounts required to honor vouchers presented by the State Universities Retirement System, a public institution of higher education, or the State Board of Education. Effective immediately.
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Passed) 2013-08-09 - Public Act . . . . . . . . . 98-0240 [HB2369 Detail]
Download: Illinois-2013-HB2369-Chaptered.html
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| Public Act 098-0240 | ||||
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AN ACT concerning State government.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The State Comptroller Act is amended by changing | ||||
Sections 19 and 19.5 as follows:
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(15 ILCS 405/19) (from Ch. 15, par. 219)
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Sec. 19. Financial records - monthly reports - forms. | ||||
(a) The Comptroller comptroller
shall maintain complete, | ||||
accurate and current financial records relating
to State funds | ||||
and to other public funds and assets available to,
encumbered | ||||
or expended by each State agency, including trust funds or
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other moneys not subject to appropriation, setting out all | ||||
revenues,
charges against all funds, fund and appropriation | ||||
balances, interfund
transfers, warrants outstanding and assets | ||||
and encumbrances, in a manner
consistent with the uniform State | ||||
accounting system prescribed by the
Comptroller comptroller. | ||||
Such records shall be public records open to public
inspection.
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(b) The Governor, Treasurer, Director of the
Governor's | ||||
Office of Management and Budget,
Director of Central Management | ||||
Services, Auditor
General, Speaker and
Minority Leader of the | ||||
House of Representatives, and President and
Minority Leader of | ||||
the Senate shall have access to all records and
reports | ||||
received by the Comptroller comptroller from State agencies and | ||||
to all data
and accounts maintained by the Comptroller | ||
comptroller except as otherwise
specifically provided by law. | ||
All other State executive officers and
heads of State agencies | ||
shall have access to reports and accounts
relating to their | ||
agency or office.
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(c) The Comptroller shall make a report to the Speaker and | ||
Minority Leader
of the House of Representatives, the President | ||
and Minority Leader of the
Senate, and the Chairman and | ||
Minority Spokesman of each of the appropriations
committees of | ||
the House of Representatives and the Senate giving notice | ||
within
10 days of the establishment of each fund or account | ||
consisting of funds
not subject to appropriation by the General | ||
Assembly.
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Each month the Comptroller comptroller shall prepare a | ||
report summarizing by
State agency and appropriation the above | ||
information in such form as
will most clearly and accurately | ||
set out the current fiscal condition of
the State.
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In addition, each month the Comptroller comptroller shall | ||
prepare a report by
detail object account in such form as will | ||
most clearly present the
status of such accounts.
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(d) The Comptroller comptroller shall prescribe forms for | ||
the periodic reporting of
financial accounts, transactions and | ||
other matters by State agencies,
compatible with the reports | ||
required of the Comptroller comptroller under this
Section.
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(e) The reports required of the Comptroller under | ||
subsection (c) of this Section shall be posted on the website | ||
of the Office of the Comptroller. | ||
(Source: P.A. 94-793, eff. 5-19-06.)
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(15 ILCS 405/19.5) | ||
Sec. 19.5. Comprehensive Annual Financial Report (CAFR); | ||
procedures and reporting. | ||
(a) On or before October 31, 2012, and on or before each | ||
October 31 thereafter, State agencies shall report to the | ||
Comptroller all financial information deemed necessary by the | ||
Comptroller to compile and publish a comprehensive annual | ||
financial report using generally accepted accounting | ||
principles for the fiscal year ending June 30 of that year. The | ||
Comptroller may require certain State agencies to submit the | ||
required information before October 31 under a schedule | ||
established by the Comptroller. If a State agency has submitted | ||
no or insufficient financial information by October 31, the | ||
Comptroller shall serve a written notice to each respective | ||
State agency director or secretary about the delinquency or | ||
inadequacy of the financial information. | ||
(b) If the financial information required in subsection (a) | ||
is submitted to the Comptroller on or before October 31, the | ||
lapse period is not extended past August 31 for the given | ||
fiscal year, and the Office of the Auditor General has | ||
completed an audit of the comprehensive annual financial report | ||
and that information has been audited by the Auditor General, | ||
then the Comptroller shall publish a comprehensive annual | ||
financial report using generally accepted accounting | ||
principles for the fiscal year ending June 30 of that year by | ||
December 31. If the information as required by subsection (a) | ||
is not provided to the Comptroller in time to publish the | ||
report by December 31, then upon notice from the Comptroller of | ||
the delay, each respective State agency director or secretary | ||
shall report his or her State agency's delinquency and provide | ||
an action plan to bring his or her State agency into compliance | ||
to the Comptroller, the Auditor General, the Office of the | ||
Governor, the Speaker and Minority Leader of the House of | ||
Representatives, and the President and Minority Leader of the | ||
Senate. Upon receiving that report from a State agency director | ||
or secretary, the Comptroller shall post that report with the | ||
action plan on his or her official website. | ||
(c) If a comprehensive annual financial report using | ||
generally accepted accounting principles cannot be published | ||
by December 31 due to insufficient or inadequate reporting to | ||
the Comptroller, the lapse period is extended past August 31 | ||
for the given fiscal year, or if the Office of the Auditor | ||
General has not completed an audit of the comprehensive annual | ||
financial report, then the Comptroller may issue interim | ||
reports containing financial information made available by | ||
reporting State agencies until an audit opinion is issued by | ||
the Auditor General on the comprehensive annual financial | ||
report.
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(Source: P.A. 97-408, eff. 8-16-11.)
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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