(70 ILCS 605/4-32) (from Ch. 42, par. 4-32)
Sec. 4-32.
Financial Reports of Commissioners.
On or
before the last day of November in each year, and more often if
the court so requires, the commissioners shall make a report, under
oath, to the court, showing the amount of money collected by the
district since the last preceding report and the manner in which the
funds of the district have been expended during that period. Such report
shall also contain an itemized statement of the notes, bonds and orders,
if any, outstanding and unpaid at the close of the report period and the
balance on hand in the treasury of the district. Upon the filing of the
report with the clerk of the court, the same shall be presented to the
court, and the clerk of the court shall give notice
of the date on or before which objections must be filed by
publishing a notice thereof in a newspaper of general
circulation in the county in which the district was organized. Any owner
of land within the district may file an objection to the report with the
clerk of the court within 10 days after the publication of the notice. If any
objections are filed within the time prescribed, the court shall set a
hearing at a time not later than 4 weeks after the date of the filing of
the report. If no objection to the report is filed, the court may
approve the report without a hearing. At a hearing on the report the
court shall hear
evidence on any and all objections which may be urged against the report
and evidence in support thereof and may continue the hearing to a day
certain or from time to time. At the conclusion of a hearing, the
court may approve the report, disapprove the report or order the report
modified or amended. Upon the approval of a report, the same shall be
recorded in the drainage record. Copies of the financial report
shall be available at the annual meeting of the district.
(Source: P.A. 86-129; 86-297; 86-1028.)
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