summary
Introduced
02/06/2026
02/06/2026
In Committee
02/06/2026
02/06/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Township Code. In provisions concerning the audits of townships that receive revenue of less than $850,000 during any fiscal year, provides that, in addition to the other audit requirements imposed by law, the township boards shall have the accounts and all records of the township thoroughly audited by a certified public accountant or subjected to a financial statement review (rather than only by a certified public accountant) within 6 months after (i) the end of each term of office of the township supervisor and (ii) a vacancy occurs in the office of township supervisor. Makes conforming changes.
AI Summary
This bill amends the Township Code to require additional financial oversight for smaller townships, specifically those with annual revenues under $850,000 (excluding road funds). Currently, these townships have their accounts audited by a committee of three electors. This bill adds a requirement that, in addition to the existing audit, these townships must also have their accounts and records thoroughly audited by a certified public accountant or undergo a financial statement review within six months of the end of each township supervisor's term and whenever a vacancy occurs in that office. A certified public accountant is a professional licensed to perform audits, and a financial statement review is a less extensive examination of financial records than a full audit. The results of this additional audit or review must be filed with the township clerk and the county clerk for public inspection.
Sponsors (1)
Last Action
Referred to Assignments (on 02/06/2026)
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