News

Whitepaper on Accounting for Coronavirus State and Local Fiscal Recovery Funds
May 6, 2022, 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
May 2, 2022, 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
April 20, 2022, 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
January 27, 2022, 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
January 10, 2019, 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, …

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