Illinois SB 4037: TWP CD-AUDIT

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB4037

Introduced 2/6/2026, by Sen. Terri Bryant 

SYNOPSIS AS INTRODUCED:

60 ILCS 1/80-20

 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.

LRB104 15873 RTM 29093 b

A BILL FOR

SB4037LRB104 15873 RTM 29093 b

1 AN ACT concerning local government.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Township Code is amended by changing 

5Section 80-20 as follows:

6 (60 ILCS 1/80-20)

7 Sec. 80-20. Independent audit of accounts. 

8 (a) All accounts audited under this Article (and those 

9rejected, if any) shall be delivered with the certificate of 

10the trustees (or a majority of them) to the township clerk, who 

11shall keep them on file for the inspection of any of the 

12inhabitants of the township. They shall also be produced by 

13the township clerk at the next annual meeting and shall be read 

14at the meeting by the clerk.

15 (b) In townships that receive revenue of $850,000 or more 

16during any fiscal year, exclusive of road funds, the township 

17board shall have the accounts and all records of the township 

18thoroughly audited by