MN HF3744

Amends Minnesota Statutes 2008, section 367.36, subdivision 1, regarding local government audit requirements for towns that adopt option D (combined clerk-treasurer position).

Towns with combined clerk-treasurer offices and annual revenue above the threshold amount must receive annual audits by the state auditor or public accountant following minimum procedures.

Towns with combined clerk-treasurer offices and annual revenue at or below $150,000 (adjusted for inflation from 2005 forward) must receive audits at least once every five years instead of annually.

Towns with combined clerk-treasurer offices, population under 125, and annual revenue less than one-third the threshold amount are exempt from audit requirements entirely.

Defines "public accountant" as a certified public accountant or certified public accounting firm licensed under Minnesota chapter 326A.