Audits, minimum requirements
AUDITS OF LOCAL GOVERNMENTAL ENTITIES – Amends existing law to revise provisions regarding the minimum requirements for an audit.

RS31040 / S1265

This legislation will raise the expenditure levels of a local government entity from $150,000 to $200,000 before that entity is subject to an audit, and would raise the expenditure levels from $250,000 to $300,000 before the entity could move from a biennial to annual audit.

There is no fiscal impact to the General Fund and there will be a small cost savings to local government entities no longer subject to audit under the higher threshold.

Bill Events
Date Description
02/01 Introduced; read first time; referred to JR for Printing
02/02 Reported Printed; referred to Local Government & Taxation
02/07 Reported out of Committee with Do Pass Recommendation; Filed for second reading
02/08 Read second time; filed for Third Reading
02/13 Retained on calendar
02/15 Retained on calendar
02/16 Read third time in full – PASSED - 34-0-1
AYES – Adams, Bernt, Bjerke, Burtenshaw, Carlson, Cook, Den Hartog, Foreman, Grow, Guthrie, Harris, Hart, Hartgen, Herndon, Just, Lakey, Lee, Lenney, Lent, Nichols, Okuniewicz, Rabe, Ricks, Ruchti, Schroeder, Semmelroth, Taylor, Toews, Trakel, VanOrden, Ward-Engelking, Winder, Wintrow, Zuiderveld
NAYS – None
Absent and excused – Anthon
Floor Sponsor - Schroeder
Title apvd - to House
02/19 Received from the Senate, Filed for First Reading
02/19 Read First Time, Referred to Revenue & Taxation