ID H0611

Establishes minimum audit requirements for 20 designated agricultural and food-related commissions and institutes, effective July 1, 2010.

Entities with annual expenditures exceeding $250,000 must undergo a full annual audit by a certified public accountant.

Entities with annual expenditures between $100,000 and $250,000 may elect biennial audits that cover both fiscal years since the previous audit.

Entities with annual expenditures not exceeding $100,000 have no minimum audit requirements under this section.

Entities not audited must submit unaudited annual statements to the legislative services office, agricultural affairs committees, state controller, and division of financial management; the state reserves the right to audit these entities at any time.