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- IML Legislative Update: Pension Consolidation Lawsuit Update and Illinois Family Relief Plan Takes Effect Posted July 16, 2022 in Legislative briefs Pension Consolidation Lawsuit Update On May 25, the Circuit Court of Kane County issued an order granting summary judgment (available via this link) in favor of the State of Illinois, the Illinois Firefighters’ Pension Investment Fund and the I…
- IML Legislative Update: Illinois Family Relief Plan Takes Effect, Grant Accountability and Transparency Act (GATA) Exemption and Reminder: Municipal Reporting on Contracts Posted July 1, 2022 in Legislative briefs 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 of this Act, also known as the Illinois Family Relief P…
- Important Update on the Pension Fund Consolidation Lawsuit Posted May 31, 2022 in Legislative briefs 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 State of Illinois, the Illinois Firefighters' Pension Investment Fund and the Illinois Police Officers' Pension In…
- Whitepaper on Accounting for Coronavirus State and Local Fiscal Recovery Funds Posted May 6, 2022 in TARC updates 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 ARPA federal reporting requirements or the Schedule of Expenditures of Federal Awards reportin…
- Illinois Municipal League Statehouse Briefing - May 2, 2022 Posted May 2, 2022 in Legislative briefs This edition of the Statehouse Briefing highlights bills pending gubernatorial action, an update on lead service line replacement, a local economic recovery grant initiative from the Illinois Department of Commerce and Economic Opportunity (DCEO), an…
- IML Legislative Update: End of Legislative Session Report Posted April 20, 2022 in Legislative briefs End of Legislative Session Report Below is an End of Session Summary from the IML on the 102nd General Assembly with a focus on legislation of municipal interest. IGFOA will continue to publish updates from the IML in its semi-monthly e-newsletter. G…
- Special Notice From the IGFOA Technical Accounting Review Committee (TARC): Article 3 and Article 4 Pension Funds Investment Consolidation Transfer of Assets Posted January 27, 2022 in TARC updates Prepared by IGFOA’s Technical Accounting Review Committee (TARC) January 2022 Background On December 18, 2019, Illinois Governor JB Prtizker signed into law Public Act 101-0610, which provided for the mandatory consolidation of the investment a…
- IGFOA Communications Posted January 10, 2019 in IGFOA updates To assure communications from the IGFOA are received, whitelist IGFOA email addresses, websites and email service providers used by the IGFOA . IGFOA uses the following email addresses and trusted email service providers to distribute announcements, …
- IGFOA Weekly News for December 21, 2018 Posted December 21, 2018 in IGFOA updates IGFOA Weekly News for December 21, 2018
- IGFOA Weekly News for December 14, 2018 Posted December 14, 2018 in IGFOA updates IGFOA Weekly News for December 14, 2018