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104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
SB4037

Introduced 2/6/2026, by Sen. Terri Bryant

SYNOPSIS AS INTRODUCED:

60 ILCS 1/80-20

Amends the Township Code. In provisions concerning the audits of
townships that receive revenue of less than $850,000 during any fiscal
year, provides that, in addition to the other audit requirements imposed
by law, the township boards shall have the accounts and all records of the
township thoroughly audited by a certified public accountant or subjected
to a financial statement review (rather than only by a certified public
accountant) within 6 months after (i) the end of each term of office of the
township supervisor and (ii) a vacancy occurs in the office of township
supervisor. Makes conforming changes.
LRB104 15873 RTM 29093 b

A BILL FOR

SB4037
LRB104 15873 RTM 29093 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 Township Code is amended by changing
5
Section 80-20 as follows:

6

(60 ILCS 1/80-20)
7

Sec. 80-20.
Independent audit of accounts.
8

(a) All accounts audited under this Article (and those
9
rejected, if any) shall be delivered with the certificate of
10
the trustees (or a majority of them) to the township clerk, who
11
shall keep them on file for the inspection of any of the
12
inhabitants of the township. They shall also be produced by
13
the township clerk at the next annual meeting and shall be read
14
at the meeting by the clerk.
15

(b) In townships that receive revenue of $850,000 or more
16
during any fiscal year, exclusive of road funds, the township
17
board shall have the accounts and all records of the township
18
thoroughly audited by a certified public accountant within 6
19
months after the close of each fiscal year. The board shall
20
have a copy of the accountant's report and recommendations
21
filed with the township clerk and another copy filed with the
22
county clerk for public inspection.
23

(c) In townships that receive revenue of less than

SB4037
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LRB104 15873 RTM 29093 b
1
$850,000 during any fiscal year, exclusive of road funds, the
2
township board shall have the accounts and all records of the
3
township audited and inspected by an independent auditing
4
committee composed of 3 township electors chosen by the board.
5
The audit shall be completed within 6 months after the close of
6
each fiscal year. A copy of the auditing committee's report
7
and recommendations shall be filed with the township clerk and
8
another copy shall be filed with the county clerk for public
9
inspection. The auditing committee shall not contain any
10
member of the township board or any person related to a
11
trustee. Members of the auditing committee shall be proficient
12
in accounting principles and practices and shall be
13
compensated at a rate determined by the township board but not
14
to exceed $50 per day. In addition to the other audit
15
requirements imposed by law, in townships subject to this
16
subsection, the township board shall have the accounts and all
17
records of the township
(i)
thoroughly audited by a certified
18
public accountant
or (ii) subjected to a financial statement
19
review. The additional audit or financial statement review
20
shall be conducted
within 6 months after (i) the end of each
21
term of office of the township supervisor and (ii) a vacancy
22
occurs in the office of township supervisor. A copy of the
23
accountant's report and recommendations
or the findings of the
24
financial statement review
shall be filed with the township
25
clerk and another copy shall be filed with the county clerk for
26
public inspection.

SB4037
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LRB104 15873 RTM 29093 b
1
(Source: P.A. 92-582, eff. 7-1-02.)

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