SPRINGFIELD — The Illinois House approved House Bill 1911 on Monday, which makes changes to audit requirements for smaller townships. State Representative Brad Fritts (R-Dixon) said the bill responds to concerns from townships that have faced expensive audits by the Comptroller’s Office.
“We have worked diligently with the Comptroller’s Office over the last two years to come up with an agreed bill that they are now a proponent of that will save townships and other units of government significant amounts of money while maintaining fiscal transparency,” he said.
It clarifies that while the Township Code excludes road funds from the $850,000 revenue threshold for audits, the Governmental Account Audit Act does not mention this exclusion. The measure requires an annual audit by a CPA for townships with revenues over $1.4 million, while those with revenues under $1.4 million can conduct an audit through an independent electors’ committee. The bill passed with a 106-0 vote and now moves to the Senate.
