Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.
HB4545 • 2026
GOVT ACCOUNT AUDIT THRESHOLD
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
GOVT ACCOUNT AUDIT THRESHOLD
Rule 19(a) / Re-referred to Rules Committee
Second Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate
Do Pass / Short Debate Executive Committee ; 012-000-000
Placed on Calendar 2nd Reading - Short Debate
Added Co-Sponsor Rep. Michael J. Coffey, Jr.
Added Co-Sponsor Rep. Michelle Mussman
Added Co-Sponsor Rep. Anthony DeLuca
Assigned to Executive Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Diane Blair-Sherlock
GOVT ACCOUNT AUDIT THRESHOLD
Illinois General Assembly - Full Text of HB4545 Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein. Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet. The English language version is always the official and authoritative version of this website. NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window. Choose Language English Afrikaans Albanian Arabic Armenian Azerbaijani Basque Bengali Bosnian Catalan Croatian Czech Danish Dutch Esperanto Estonian Filipino Finnish French Galician Georgian German Greek Gujarati Haitian Creole Hausa Hawaiian Hebrew Hindi Hungarian Icelandic Indonesian Interlingua Interlingue Inuktitut Irish Italian Japanese Javanese Kannada Khmer Korean Latin Latvian Lithuanian Luxembourgish Macedonian Malagasy Malayalam Maltese Maori Marathi Myanmar Nepali Norwegian Odia Pashto Punjabi Romanian Russian Samoan Sango Sanskrit Sardinian Sindhi Sinhala Slovak Slovenian Somali Southern Sotho Spanish Sundanese Swahili Swedish Tamil Telugu Thai Tigrinya Tonga Turkish Ukrainian Urdu Vietnamese Welsh Xhosa Yiddish Yoruba Zulu Powered by Translate Close Illinois General Assembly Top Navigation Bar Translate Learn Select General Assembly Search the 104th General Assembly Enter search terms for legislation, members, committees, or schedules. ILGA.GOV LEGISLATION & LAWS Bills & Resolutions Public Acts Illinois Compiled Statutes Illinois Constitution Search Legislation Glossary Guide Reports & Inquiry Legislative Reports Special Reports FTP Site Legislator Lookup Capitol Complex Phone Numbers Rules & Regulations Illinois Register Administrative Rules Senate Members Schedules Committees Request for Remote Testimony Journals Transcripts Rules Audio/Video FOIA Information Senate Employment Opportunities Media Guidelines House Members Schedules Committees Submit testimony for House Committees Journals Transcripts Rules Audio/Video FOIA Information House Employment Opportunities Log In Mobile Top Bar Search the 104th General Assembly Enter keywords to search the Illinois General Assembly website. Full Text of HB4545 Home Legislation Full Text HB4545 - 104th General Assembly Bill Status Full Text Votes Witness Slips Select Menu Bill Status Full Text Votes Witness Slips Printer Friendly Version Introduced Printer Friendly Version Introduced Open PDF 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB4545 Introduced 1/30/2026, by Rep. Diane Blair-Sherlock SYNOPSIS AS INTRODUCED: 50 ILCS 310/1 from Ch. 85, par. 701 50 ILCS 310/3 from Ch. 85, par. 703 50 ILCS 310/6 from Ch. 85, par. 706 Amends the Governmental Account Audit Act. Provides that, beginning in fiscal year 2027, any governmental unit receiving revenue of less than $1,500,000 (rather than $850,000) in the immediately preceding fiscal year shall, in lieu of causing an annual audit of the accounts of the unit to be made, either (i) cause an audit of the accounts of the unit to be made once every 4 years and file with the Comptroller an annual financial report containing information required by the Comptroller or (ii) file with the Comptroller an annual financial report containing information required by the Comptroller, a copy of which has been provided to each member of that governmental unit's board of elected officials, presented either in person or by a live phone or web connection during a public meeting, and approved by a 3/5 majority vote. Provides that, beginning in fiscal year 2027, governmental units receiving revenue of $1,500,000 or more (rather than $850,000) in the immediately preceding fiscal year shall, in addition to complying with the requirements for audits and audit reports, file with the Comptroller the financial report and immediately make one copy of the audit report and one copy of the financial report a part of its public record as required by the Act. Makes conforming changes. Effective immediately. LRB104 17934 TRT 31371 b A BILL FOR HB4545 LRB104 17934 TRT 31371 b 1 AN ACT concerning local government. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Governmental Account Audit Act is amended 5 by changing Sections 1, 3, and 6 as follows: 6 (50 ILCS 310/1) (from Ch. 85, par. 701) 7 Sec. 1. Definitions. As used in this Act, unless the 8 context otherwise indicates: 9 "Governmental unit" or "unit" includes all municipal 10 corporations in and political subdivisions of this State that 11 appropriate more than $5,000 for a fiscal year, with the 12 amount to increase or decrease by the amount of the Consumer 13 Price Index (CPI) as reported on January 1 of each year, except 14 the following: 15 (1) School districts. 16 (2) Cities, villages, and incorporated towns subject 17 to the Municipal Auditing Law, as contained in the 18 Illinois Municipal Code, and cities that file a report 19 with the Comptroller under Section 3.1-35-115 of the 20 Illinois Municipal Code. 21 (3) Counties with a population of 1,000,000 or more. 22 (4) Counties subject to the County Auditing Law. 23 (5) Any other municipal corporations in or political HB4545 - 2 - LRB104 17934 TRT 31371 b 1 subdivisions of this State, the accounts of which are 2 required by law to be audited by or under the direction of 3 the Auditor General. 4 (6) (Blank). 5 (7) A drainage district, established under the 6 Illinois Drainage Code (70 ILCS 605), that did not receive 7 or expend any moneys during the immediately preceding 8 fiscal year or obtains approval for assessments and 9 expenditures through the circuit court. 10 (8) Public housing authorities that submit financial 11 reports to the U.S. Department of Housing and Urban 12 Development. 13 "Governing body" means the board or other body or officers 14 having authority to levy taxes, make appropriations, authorize 15 the expenditure of public funds or approve claims for any 16 governmental unit. 17 "Comptroller" means the Comptroller of the State of 18 Illinois. 19 "Consumer Price Index" means the Consumer Price Index for 20 All Urban Consumers for all items published by the United 21 States Department of Labor. 22 "Audit report" means the written report of the auditor and 23 all appended statements and schedules relating to that report, 24 presenting or recording the findings of an examination or 25 audit of the financial transactions, affairs, or conditions of 26 a governmental unit. HB4545 - 3 - LRB104 17934 TRT 31371 b 1 "Auditor" means a licensed certified public accountant, as 2 that term is defined in Section 0.03 of the Illinois Public 3 Accounting Act, or the substantial equivalent of a licensed 4 CPA, as provided under Section 5.2 of the Illinois Public 5 Accounting Act, who performs an audit of governmental unit 6 financial statements and records and expresses an assurance or 7 disclaims an opinion on the audited financial statements. 8 "Report" includes both audit reports and reports filed 9 instead of an audit report by a governmental unit receiving 10 revenue of less than $1,500,000 $850,000 during any fiscal 11 year to which the reports relate. 12 "Generally accepted accounting principles" means 13 accounting principles generally accepted in the United States. 14 "Generally accepted auditing standards" means auditing 15 standards generally accepted in the United States. 16 (Source: P.A. 100-837, eff. 8-13-18; 101-419, eff. 1-1-20 .) 17 (50 ILCS 310/3) (from Ch. 85, par. 703) 18 Sec. 3. Beginning in fiscal year 2027, any Any 19 governmental unit receiving revenue of less than $1,500,000 in 20 the immediately preceding $850,000 for any fiscal year shall, 21 in lieu of complying with the requirements of Section 2 for 22 audits and audit reports , beginning with fiscal year 2016, 23 either: (i) cause an audit of the accounts of the unit to be 24 made once every 4 years and file with the Comptroller an annual 25 financial report containing information required by the HB4545 - 4 - LRB104 17934 TRT 31371 b 1 Comptroller, or (ii) file with the Comptroller an annual 2 financial report containing information required by the 3 Comptroller, a copy of which has been provided to each member 4 of that governmental unit's board of elected officials, 5 presented either in person or by a live phone or web connection 6 during a public meeting, and approved by a 3/5 majority vote. 7 In addition, a governmental unit receiving revenue of less 8 than $1,500,000 $850,000 may file with the Comptroller any 9 audit reports which may have been prepared under any other 10 law. Beginning in fiscal year 2027, any Any governmental unit 11 receiving revenue of $1,500,000 $850,000 or more in the 12 immediately preceding for any fiscal year shall, in addition 13 to complying with the requirements of Section 2 for audits and 14 audit reports, file with the Comptroller the financial report 15 required by this Section. Such financial reports shall be on 16 forms so designed by the Comptroller as not to require 17 professional accounting services for its preparation. All 18 reports to be filed with the Comptroller under this Section 19 must be submitted electronically and the Comptroller must post 20 the reports on the Internet no later than 45 days after they 21 are received. If the governmental unit provides the 22 Comptroller's Office with sufficient evidence that the report 23 cannot be filed electronically, the Comptroller may waive this 24 requirement. The Comptroller must also post a list of 25 governmental units that are not in compliance with the 26 reporting requirements set forth in this Section. HB4545 - 5 - LRB104 17934 TRT 31371 b 1 Any financial report under this Section shall include the 2 name of the purchasing agent who oversees all competitively 3 bid contracts. If there is no purchasing agent, the name of the 4 person responsible for oversight of all competitively bid 5 contracts shall be listed. 6 (Source: P.A. 97-890, eff. 8-2-12; 97-1142, eff. 12-28-12; 7 98-1019, eff. 7-1-15 .) 8 (50 ILCS 310/6) (from Ch. 85, par. 706) 9 Sec. 6. When the audit is completed the auditor making 10 such audit shall make and sign at least 3 copies of the report 11 of the audit and immediately file them with the governmental 12 unit audited. Beginning in fiscal year 2027, governmental 13 Governmental units receiving revenue of $1,500,000 $850,000 or 14 more in the immediately preceding for any fiscal year shall 15 immediately make one copy of the audit report and one copy of 16 the financial report required by Section 3 of this Act a part 17 of its public record. Governmental units receiving revenue of 18 less than $1,500,000 $850,000 shall immediately make one copy 19 of the audit report, or one copy of the report authorized by 20 Section 3 of this Act to be filed instead of the audit report, 21 a part of its public record. These copies shall be open to 22 public inspection. In addition, the governmental unit shall 23 file one copy of the report with the Comptroller and with the 24 county clerk of the county in which the principal office of the 25 governmental unit is located. A governmental unit may, in HB4545 - 6 - LRB104 17934 TRT 31371 b 1 filing its audit report with the Comptroller, transmit with 2 such report any comment or explanation that it wishes to make 3 concerning the report. 4 (Source: P.A. 101-419, eff. 1-1-20 .) 5 Section 99. Effective date. This Act takes effect upon 6 becoming law. Footer Disclaimer This site is maintained for the Illinois General Assembly by the Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706. Contact ILGA Webmaster ILGA.gov uses cookies to ensure you get the best experience on our website. By continuing to browse ILGA.gov you consent to our use of cookies. Read About Cookies ILGA.GOV 2026 ILGA.gov | All Rights Reserved | ADA | Disclaimers | Learn This site is maintained for the Illinois General Assembly by the Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706. Contact ILGA Webmaster ILGA.gov uses cookies to ensure you get the best experience on our website. By continuing to browse ILGA.gov you consent to our use of cookies. Read About Cookies ILGA.GOV 2026 ILGA.gov | All Rights Reserved | ADA | Disclaimers | Learn