SENATE BILL 1265
Revenue and Taxation (House)
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.
| 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 |