IllinoisSB3610104th General Assembly (2025–2026)Senate

GOVT ACCOUNT AUDIT THRESHOLD

Sponsored By: Chris Balkema (Republican)

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 2028, 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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Chris Balkema

    Republican • Senate

Cosponsors

  • Dave Syverson

    Republican • Senate

  • Neil Anderson

    Republican • Senate

  • Sally J. Turner

    Republican • Senate

  • Seth Lewis

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added as Co-Sponsor Sen. Neil Anderson

    3/24/2026Senate
  2. Added as Co-Sponsor Sen. Sally J. Turner

    3/12/2026Senate
  3. Added as Co-Sponsor Sen. Dave Syverson

    3/12/2026Senate
  4. Added as Co-Sponsor Sen. Seth Lewis

    3/4/2026Senate
  5. Referred to Assignments

    2/5/2026Senate
  6. First Reading

    2/5/2026Senate
  7. Filed with Secretary by Sen. Chris Balkema

    2/5/2026Senate

Bill Text

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