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IA HF2473
Bill
Status
2/16/2026
Primary Sponsor
Elizabeth Wilson
Click for details
AI Summary
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Increases the cap on total periodic examination fees the State Auditor can collect from cities from $375,000 to $600,000 per fiscal year.
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Periodic examination fees apply to cities not required to have a full audit or fiscal year examination, with fees based on a sliding scale tied to the city's budgeted gross expenditures.
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Requires excess funds collected above the $600,000 threshold to be used for municipal financial management training for city officials, either provided directly by the Auditor or through contracts with qualified organizations.
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Fees collected are maintained in a segregated account and do not revert to the state general fund at fiscal year end, remaining available for authorized purposes.
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Applies to fees collected in fiscal years beginning on or after July 1, 2026.
Legislative Description
A bill for an act relating to the determination and collection of certain fees by the auditor of state and the provision of municipal financial management training, and including applicability provisions.
Last Action
Introduced, referred to State Government. H.J. 294.
2/16/2026