Annual Statement of Affairs (ASA)
Section 10-17 of the School Code (105 ILCS 5/10-17) requires school districts/joint agreements to publish in a local newspaper annually, an ASA summary report. To meet this requirement the district must:
- Publish an ASA summary in a newspaper of general circulation by December 1, annually,
- Submit the ASA to the State Board of Education (ISBE) for posting on the agency’s website by December 15, annually; and
- Retain copies of the ASA in the school district’s/joint agreement’s administrative office.
Open the Instructions document for steps to complete and submit the ASA report.
New Legislation - Requires School Districts to Report all Contracts Exceeding $25,000
In conformity with sub-section (c) of Section 10-20.40 of the School Code [105 ILCS 5/10-20.40] (added by P.A. 95-707) school districts are required to complete the report on Awarded Contracts Exceeding $25,000 (page 9, Contracts Exceeding 25,000).
In addition, school boards must list on the districts website, all contracts exceeding $25,000 and any contract that the school board enters into with an exclusive bargaining representative. To obtain the complete “Guidance & Reporting Requirements” select the following link:
SUBMIT ANNUAL STATEMENT OF AFFAIRS TO ISBE
Submit the ASA via ISBE Attachment Manager and in the receiver group select “School Finance Reports Group”.
See instruction book for systematic procedures. Page 4, Step 11 explains what and where documents are submitted.
Historical Archives – To review past Annual Statement of Affairs
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