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July 15, 2022
IML Legislative Update: Illinois Family Relief Plan Takes Effect, Grant Accountability and Transparency Act (GATA) Exemption and Reminder: Municipal Reporting on Contracts
Illinois Family Relief Plan Takes Effect SB 157 (Sen. Hastings, D-Frankfort/Rep. Zalewski, D-Riverside), now P.A. 102-0700, contains several provisions intended to provide tax relief. Provisions
July 1, 2022
July 1, 2022
Important Update on the Pension Fund Consolidation Lawsuit
On Friday, May 26, 2022, the Circuit Court of Kane County issued an order of summary judgment (available via this link) in favor of the
May 31, 2022
Whitepaper on Accounting for Coronavirus State and Local Fiscal Recovery Funds
April 2022 This whitepaper was written to provide guidance on GAAP reporting for annual financial statements. It is not intended to provide guidance on the
May 6, 2022
Special Notice From the IGFOA Technical Accounting Review Committee (TARC): Article 3 and Article 4 Pension Funds Investment Consolidation Transfer of Assets
Prepared by IGFOA’s Technical Accounting Review Committee (TARC) January 2022 Background On December 18, 2019, Illinois Governor JB Pritzker signed into law Public Act 101-0610,
January 27, 2022