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Township Governance in Illinois Statute

Statement of Financial Affairs

 According to Chapter 60 of The Illinois Complied Statues 1/70-15: 
 

The supervisor is the chief executive officer of the township.


(b) The supervisor shall receive and pay out all moneys raised in the township for defraying township charges, except those raised for the support of highways and bridges, and for township library purposes.


(c) The supervisor shall, within 30 days before the annual township meeting, prepare and file with the township clerk a full unaudited statement of the financial affairs of the township, showing:

     (i) the balance (if any) received by the supervisor from his or her predecessor in office or from any other source;

     (ii) the amount of tax levied the preceding year for the payment of township indebtedness and charges;

     (iii) the amount collected and paid over to the supervisor as supervisor;

     (iv) the amount paid out by the supervisor and on what account, including any amount paid out on                township indebtedness, specifying the nature and amount of the township indebtedness, the amount paid on the indebtedness, the amount paid on principal, and the amount paid on interest account; and

      (v) the amount and kind of all outstanding indebtedness due and unpaid, the amount and kind of                indebtedness not yet due, and when the indebtedness not yet due will mature.

 

The township clerk shall record the statement in the record book of the township as soon as it is filed and shall post a copy of the statement at the place of holding the annual township meeting 2 days before the meeting is held. The clerk shall also read aloud the unaudited statement or provide a copy of the unaudited statement to the electors at the annual township meeting.​​​​​​​​​​

Township Budgets

Section 80-60 of Chapter 60 of The Illinois Complied Statues states on Annual budget and appropriation ordinance that:
 

" The township board shall comply with the Illinois Municipal Budget Law. The township board must, at least 30 days before the public hearing required by Section 3 of the Illinois Municipal Budget Law, prepare or cause to be prepared a tentative budget and appropriation ordinance and file the ordinance with the township clerk.

The township clerk must make the tentative budget and appropriation ordinance available for public inspection for at least 30 days before final action on the ordinance. The required public hearing must be held on or before the last day of the first quarter of the fiscal year before the township board. Notice of the hearing must be given by publication in a newspaper published in the township at least 30 days before the time of the hearing. If there is no newspaper published in the township, notice of the public hearing may be given by posting notices in 5 of the most public places in the township. It is the duty of the township clerk to arrange for the public hearing.

The township board at the public hearing may adopt all or part of the tentative budget and appropriation ordinance, as the township board deems necessary."

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