IA HF2524

Amends Iowa Code Section 11.6 to change audit requirements for small cities (population under 2,000) with budgeted gross expenditures of $1 million or more, requiring audits only after two consecutive years meeting the expenditure threshold rather than immediately.

Reduces the periodic examination frequency for small cities with budgeted gross expenditures under $1 million from once every eight years to once every five years.

Amends Iowa Code Section 372.13 to require cities with populations under 2,000 to include full detailed statements of expenditures from city-owned credit and debit cards in their published claims lists.

Maintains existing audit requirements for government subdivisions generally, while creating specific exceptions and modified timelines for smaller municipalities based on population and expenditure thresholds.