IllinoisHB4545104th General Assembly (2025–2026)House

GOVT ACCOUNT AUDIT THRESHOLD

Sponsored By: Diane Blair-Sherlock (Democratic)

In Committee

Summary

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.

executive

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Diane Blair-Sherlock

    Democratic • House

Cosponsors

  • Anthony DeLuca

    Democratic • House

  • Michael J. Coffey, Jr.

    Republican • House

  • Michelle Mussman

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 12 • No: 0

House vote 3/25/2026

Do Pass / Short Debate Executive Committee;

Yes: 12 • No: 0

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    4/17/2026House
  2. Held on Calendar Order of Second Reading - Short Debate

    4/10/2026House
  3. Second Reading - Short Debate

    4/10/2026House
  4. Placed on Calendar 2nd Reading - Short Debate

    3/25/2026House
  5. Do Pass / Short Debate Executive Committee; 012-000-000

    3/25/2026House
  6. Added Co-Sponsor Rep. Michael J. Coffey, Jr.

    3/10/2026House
  7. Added Co-Sponsor Rep. Michelle Mussman

    3/5/2026House
  8. Assigned to Executive Committee

    2/11/2026House
  9. Added Co-Sponsor Rep. Anthony DeLuca

    2/11/2026House
  10. Referred to Rules Committee

    1/30/2026House
  11. First Reading

    1/30/2026House
  12. Filed with the Clerk by Rep. Diane Blair-Sherlock

    1/22/2026House

Bill Text

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