103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2341 Introduced , by Rep. Kevin Schmidt SYNOPSIS AS INTRODUCED: 30 ILCS 708/65 Amends the Grant Accountability and Transparency Act. Provides that a local government may submit a request to the Grant Accountability and Transparency Unit to be exempt from certain audit requirements if the local government is unable to meet the audit requirements due to circumstances beyond the local government's control, including, but not limited to, a natural disaster in which financial records of the local government are destroyed or alleged employee misconduct involving the destruction or withholding of financial records. Effective immediately. LRB103 26830 HLH 53194 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2341 Introduced , by Rep. Kevin Schmidt SYNOPSIS AS INTRODUCED: 30 ILCS 708/65 30 ILCS 708/65 Amends the Grant Accountability and Transparency Act. Provides that a local government may submit a request to the Grant Accountability and Transparency Unit to be exempt from certain audit requirements if the local government is unable to meet the audit requirements due to circumstances beyond the local government's control, including, but not limited to, a natural disaster in which financial records of the local government are destroyed or alleged employee misconduct involving the destruction or withholding of financial records. Effective immediately. LRB103 26830 HLH 53194 b LRB103 26830 HLH 53194 b A BILL FOR
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2341 Introduced , by Rep. Kevin Schmidt SYNOPSIS AS INTRODUCED:
30 ILCS 708/65 30 ILCS 708/65
30 ILCS 708/65
Amends the Grant Accountability and Transparency Act. Provides that a local government may submit a request to the Grant Accountability and Transparency Unit to be exempt from certain audit requirements if the local government is unable to meet the audit requirements due to circumstances beyond the local government's control, including, but not limited to, a natural disaster in which financial records of the local government are destroyed or alleged employee misconduct involving the destruction or withholding of financial records. Effective immediately.
LRB103 26830 HLH 53194 b LRB103 26830 HLH 53194 b
LRB103 26830 HLH 53194 b
A BILL FOR
HB2341LRB103 26830 HLH 53194 b HB2341 LRB103 26830 HLH 53194 b
HB2341 LRB103 26830 HLH 53194 b
1 AN ACT concerning finance.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Grant Accountability and Transparency Act
5 is amended by changing Section 65 as follows:
6 (30 ILCS 708/65)
7 Sec. 65. Audit requirements.
8 (a) The standards set forth in Subpart F of 2 CFR 200 and
9 any other standards that apply directly to State or federal
10 agencies shall apply to audits of fiscal years beginning on or
11 after December 26, 2014.
12 (b) Books and records must be available for review or
13 audit by appropriate officials of the pass-through entity, and
14 the agency, the Auditor General, the Inspector General,
15 appropriate officials of the agency, and the federal
16 Government Accountability Office.
17 (b-5) If a local government is unable to meet the audit
18 requirements of this Section or the audit requirements set
19 forth in rules adopted under this Act, due to circumstances
20 beyond the local government's control, including, but not
21 limited to, a natural disaster in which financial records of
22 the local government are destroyed or alleged employee
23 misconduct involving the destruction or withholding of
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2341 Introduced , by Rep. Kevin Schmidt SYNOPSIS AS INTRODUCED:
30 ILCS 708/65 30 ILCS 708/65
30 ILCS 708/65
Amends the Grant Accountability and Transparency Act. Provides that a local government may submit a request to the Grant Accountability and Transparency Unit to be exempt from certain audit requirements if the local government is unable to meet the audit requirements due to circumstances beyond the local government's control, including, but not limited to, a natural disaster in which financial records of the local government are destroyed or alleged employee misconduct involving the destruction or withholding of financial records. Effective immediately.
LRB103 26830 HLH 53194 b LRB103 26830 HLH 53194 b
LRB103 26830 HLH 53194 b
A BILL FOR
30 ILCS 708/65
LRB103 26830 HLH 53194 b
HB2341 LRB103 26830 HLH 53194 b
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1 financial records, the local government may submit a request
2 to the Grant Accountability and Transparency Unit to be exempt
3 from those audit requirements with which it is unable to
4 comply. In its request for an exemption, the local government
5 must provide: (i) all relevant information related to the lack
6 of financial records or the inability of the local government
7 to access those records; (ii) relevant financial records and
8 documents that are available to the local government; (iii) a
9 list of the specific audit requirements from which the local
10 government is seeking an exemption; (iv) information about
11 audits that could be performed with the available financial
12 records and documents; (v) a description of the events that
13 led to the local government not having the financial records
14 and documents available; and (vi) any other information that
15 the Grant Accountability and Transparency Unit finds relevant
16 to the local government's specific situation. Upon receiving
17 the request from the local government, the Grant
18 Accountability and Transparency Unit shall compile the
19 information related to the request and shall submit the
20 request for exemption to a 3-member panel consisting of the
21 Auditor General, the Director of the Governor's Office of
22 Management and Budget, and the Director of the State agency
23 with which the local government has submitted the applicable
24 grant application. The 3-member panel shall meet, virtually or
25 in-person, to review the request for the exemption and shall
26 make a determination, based on the facts and information
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1 available in the request, to deny or approve the local
2 government's request to be exempt from the full audit
3 requirements established under this Act to the extent allowed
4 by the 3-member panel. The 3-member panel may require
5 officials from the local government to testify to their
6 request for exemption. Nothing in this Section shall be
7 construed to exempt the local government from the audit
8 requirements of this Act if financial records and documents
9 are readily available and can be used to complete a required
10 audit or a portion of the audit requirements.
11 (c) The Governor's Office of Management and Budget, with
12 the advice and technical assistance of the Illinois Single
13 Audit Commission, shall adopt rules for audits of grants from
14 a State or federal pass-through entity that are not subject to
15 the Single Audit Act because the amount of the federal award is
16 less than $750,000 or the subrecipient is an exempt entity and
17 that are reasonably consistent with 2 CFR 200.
18 (d) This Act does not affect the provisions of the
19 Illinois State Auditing Act and does not address the external
20 audit function of the Auditor General.
21 (Source: P.A. 98-706, eff. 7-16-14.)
22 Section 99. Effective date. This Act takes effect upon
23 becoming law.
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