70 ILCS 3705/14

(70 ILCS 3705/14) (from Ch. 111 2/3, par. 201) Sec. 14. It shall be the duty of the board of trustees to install and maintain a proper system of accounts showing receipts from operation and the application of the same, and the board shall at least once a year cause such accounts to be properly audited by a licensed Certified Public Accountant permitted to perform audits under the Illinois Public Accounting Act. (Source: P.A. 94-465, eff. 8-4-05.)