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Text: SF00304                           Text: SF00306
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Senate File 305

Partial Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 11.6, subsection 1, paragraph a, Code
  1  2 1995, is amended to read as follows:
  1  3    a.  The financial condition and transactions of all cities
  1  4 and city offices, counties, county hospitals organized under
  1  5 chapters 347 and 347A, memorial hospitals organized under
  1  6 chapter 37, entities organized under chapter 28E having gross
  1  7 receipts in excess of one hundred thousand dollars in a fiscal
  1  8 year, merged areas, area education agencies, and all school
  1  9 offices in school districts, shall be examined at least once
  1 10 each year, except that cities having a population of seven
  1 11 hundred or more but less than two thousand shall be examined
  1 12 at least once every four years, and cities having a population
  1 13 of less than seven hundred may be examined as otherwise
  1 14 provided in this section.  The examination shall cover the
  1 15 fiscal year next preceding the year in which the audit is
  1 16 conducted.  The examination of school offices shall include an
  1 17 audit of all school funds, the certified annual financial
  1 18 report, and the certified enrollment as provided in section
  1 19 257.6.  Examinations of community colleges shall include an
  1 20 audit of eligible and noneligible contact hours as defined in
  1 21 section 260D.2.  Eligible and noneligible contact hours and
  1 22 any differences in certified enrollment shall be reported to
  1 23 the department of management.
  1 24    Subject to the exceptions and requirements of subsection 2
  1 25 and subsection 4, paragraph "c", examinations shall be made as
  1 26 determined by the governmental subdivision either by the
  1 27 auditor of state or by certified public accountants, certified
  1 28 in the state of Iowa, and they shall be paid from the proper
  1 29 public funds of the governmental subdivision.
  1 30    Sec. 2.  IMPLEMENTATION OF ACT.  Section 25B.2, subsection
  1 31 3, shall not apply to this Act.  
  1 32                           EXPLANATION
  1 33    This bill subjects all entities organized under chapter
  1 34 28E, the chapter regulating the joint exercise of governmental
  1 35 powers, to an annual state audit, either by the auditor of
  2  1 state or by certified public accountants.  Currently, only
  2  2 such entities with gross receipts in excess of $100,000 are
  2  3 required to be audited annually.
  2  4    The bill may create a state mandate as defined in section
  2  5 25B.3.  The bill makes inapplicable the statutory provision
  2  6 which would relieve a political subdivision from complying
  2  7 with a state mandate if funding for the cost of the state
  2  8 mandate is not provided or specified.  
  2  9 LSB 1841SS 76
  2 10 rj/cf/24
     
Text: SF00304                           Text: SF00306
Text: SF00300 - SF00399                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index
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