ID H0142

Raises the annual expenditure threshold requiring a full annual audit from $250,000 to $300,000 for local governmental entities including cities, counties, authorities, and districts

Increases the threshold for biennial audit eligibility from $150,000-$250,000 to $200,000-$300,000 in annual expenditures

Eliminates minimum audit requirements for local governmental entities with annual expenditures at or below $200,000 (previously $150,000)

Federal audit requirements continue to supersede state minimum audit requirements when federal assistance is involved

Declared an emergency measure effective July 1, 2025