# Illinois SB1408: GOVT ACCOUNT AUDIT THRESHOLD

Illinois SB1408, GOVT ACCOUNT AUDIT THRESHOLD, is a 104th General Assembly (2025–2026) Senate bill sponsored by Patrick J. Joyce (Democratic); status in committee, last action 2025-03-11 (Added as Chief Co-Sponsor Sen. Graciela Guzmán) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-SB1408-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois SB1408
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: GOVT ACCOUNT AUDIT THRESHOLD
- Status: in committee
- Chamber: Senate
- Introduced: 2025-01-31
- Last action: 2025-03-11, Added as Chief Co-Sponsor Sen. Graciela Guzmán
- Sponsor: Patrick J. Joyce (Democratic)
- Cosponsors: 2
- Subjects: assignments
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Amends the Governmental Account Audit Act. Provides that any governmental unit receiving revenue of less than $1,500,000 (rather than $850,000) for any 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. Makes conforming changes. Effective immediately.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Patrick J. Joyce (Democratic), Senate
- Cosponsor: Graciela Guzmán (Democratic), Senate
- Cosponsor: Paul Faraci (Democratic), Senate

## Actions (5)

- 2025-03-11: Added as Chief Co-Sponsor Sen. Graciela Guzmán (Senate)
- 2025-03-04: Added as Co-Sponsor Sen. Paul Faraci (Senate)
- 2025-01-31: Referred to Assignments (Senate)
- 2025-01-31: First Reading (Senate)
- 2025-01-31: Filed with Secretary by Sen. Patrick J. Joyce (Senate)

## Bill text

- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1408.pdf)

## Related bills

- HB5198: AFFORDABLE HOUSING-CILAS (passed house)
- SB1937: PENSION CODE-VARIOUS (passed senate)
- HB2563: CONDO-RESERVE STUDY (in committee)
- HB4701: LIMITATIONS FACILITY FEES ACT (in committee)
- SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate)
- SB3484: VEH CD-PLATES-REGISTRATION (signed)

## Sources
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1408.pdf)

## Related
- [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026)
- [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026)
- [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026)
- [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026)
- [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026)
- [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026)
- [Illinois bills](https://policyrisk.com/states/illinois/bills)
- [Illinois state hub](https://policyrisk.com/states/illinois)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IL-SB1408-2025-2026 (as of 2026-11-01).