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<xml>
<title>Illinois General Assembly - Bill Status for HB 5636         </title>
<shortdesc>SCH CD-FIN AUDIT-CASH BASIS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Tony McCombie-Norine K. Hammond, Andrew S. Chesney and Lance Yednock</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>105 ILCS 5/2-3.17a</reference><aliasreference>from Ch. 122, par. 2-3.17a</aliasreference><SynopsisText>     Amends the School Code. Relative to the financial audits made annually by the Auditor General of the financial statements of all accounts, funds, and other moneys in the care, custody, or control of a regional superintendent of schools or educational service region, provides that the 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 in the preparation of the financial statements. Makes changes to require audit reports to be published on the Auditor General's website and distributed in accordance with the Illinois State Auditing Act. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/14/2020</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Tony McCombie</action>
<statusdate>2/18/2020</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/18/2020</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/28/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Andrew S. Chesney</action>
<statusdate>3/2/2020</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Norine K. Hammond</action>
<statusdate>3/12/2020</statusdate><chamber>House</chamber><action>Assigned to Elementary &amp; Secondary Education: Administration, Licensing &amp; Charter School</action>
<statusdate>5/19/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Lance Yednock</action>
<statusdate>6/23/2020</statusdate><chamber>House</chamber><action>Rule 19(b) / Re-referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

