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| Public Act 102-0025 | ||||
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AN ACT concerning education.
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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 School Code is amended by changing Section | ||||
2-3.17a as follows:
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(105 ILCS 5/2-3.17a) (from Ch. 122, par. 2-3.17a)
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Sec. 2-3.17a. Financial audits by Auditor General. The | ||||
Auditor
General shall
annually cause an audit to be made, as of | ||||
June 30th
of each year, of the financial statements of all | ||||
accounts,
funds and other moneys in the care, custody or | ||||
control of the regional
superintendent of schools of each | ||||
educational service region in the State and
of each | ||||
educational service center established under Section 2-3.62 of | ||||
this
Code
other than an educational service center serving a | ||||
school district in a city
having a population exceeding | ||||
500,000.
The audit shall be conducted in accordance with | ||||
Generally Accepted Governmental
Auditing Standards and shall | ||||
include an examination of supporting books and
records and a | ||||
representative sample of vouchers for distributions and
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expenditures. A regional office of education or educational | ||||
service center may utilize a cash basis, modified cash basis, | ||||
or generally accepted accounting principles (GAAP) basis of | ||||
accounting to prepare the financial statements for the audit. | ||||
On February 15 of each year, the Auditor General shall
notify | ||
the Legislative Audit
Commission in writing of the completion | ||
or of the reasons for the
noncompletion of each audit required | ||
by this Section to be made as of the
preceding June 30. An | ||
audit report shall be prepared for each audit made
pursuant to | ||
this Section, and all such audit reports shall be kept on file
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in the office of the Auditor General, published on the Auditor | ||
General's website, and distributed in accordance with Section | ||
3-14 of the Illinois State Auditing Act. Within
60 days after | ||
each
audit report required to be prepared under this Section | ||
is completed, the
Auditor General: (i) shall furnish a copy of
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such audit report to
each member of the General Assembly whose | ||
legislative or representative
district includes any part of | ||
the educational service region served by the
regional | ||
superintendent of schools with respect to whose financial
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statements that audit report was prepared or any part of the | ||
area served by
the educational service center that is the | ||
subject of the audit; and (ii)
shall publish in a
newspaper | ||
published in that educational service region or area served by | ||
the
educational service center that is the subject of the | ||
audit a notice that the
audit report has been prepared and is | ||
available for inspection during
regular business hours at the | ||
office of the regional superintendent of
schools of that | ||
educational service region or at the administrative office of
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the educational service center. Each audit shall be made in
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such manner as to determine, and each audit report shall be | ||
prepared in
such manner as to state:
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(1) The balances on hand of all accounts, funds and | ||
other
moneys in the
care, custody or control of the | ||
regional superintendent of schools or
educational service | ||
center at
the beginning of the fiscal year being audited;
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(2) the amount of funds received during the fiscal | ||
year by
source;
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(3) the amount of funds distributed or otherwise paid | ||
by the
regional
superintendent of schools or educational | ||
service center to each school
treasurer in his or her
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educational service region or area, including the purpose | ||
of
such distribution or payment and the fund or account | ||
from which such
distribution or payment is made;
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(4) the amounts paid or otherwise disbursed by the | ||
regional
superintendent of schools or educational service | ||
center -- other than the
amounts distributed or paid by
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the regional superintendent of schools or educational | ||
service center to
school treasurers as described in
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paragraph (3) above -- for all other purposes and | ||
expenditures,
including
the fund or account from which | ||
such payments or disbursements are made and
the purpose | ||
thereof; and
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(5) the balances on hand of all accounts, funds and | ||
other
moneys in the
care, custody or control of the | ||
regional superintendent of schools or
educational service | ||
center at the
end of the fiscal year being audited.
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The Auditor General shall adopt rules and
regulations | ||
relative
to the time and manner by which the regional | ||
superintendent of schools or
educational service center
shall | ||
present for inspection or make available to the Auditor | ||
General, or to the agents designated by the Auditor General to | ||
make an audit and
prepare an audit report pursuant to this | ||
Section, all financial statements,
books, records, vouchers | ||
for distributions and expenditures, and records of
accounts, | ||
funds and other moneys in the care, custody or control of the
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regional superintendent of schools or educational service | ||
center and
required for purposes of making such
audit and | ||
preparing an audit and preparing an audit report.
All rules | ||
and regulations adopted by the State Board of Education under
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this Section before the effective date of this amendatory Act | ||
of the 92nd
General Assembly shall continue in effect as the | ||
rules and regulations of the
Auditor General, until they are | ||
modified or abolished by the Auditor
General.
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The Auditor General shall require
the regional
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superintendent of schools of each educational service region | ||
or administrator
of each educational service center to | ||
promptly
implement all recommendations based on audit findings | ||
resulting from a
violation of law made in audits prepared | ||
pursuant to this Section, unless
the Auditor General, upon | ||
review, determines,
with regard to any
such finding, that | ||
implementation of the recommendation is not appropriate.
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(Source: P.A. 92-544, eff. 6-12-02.)
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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