Text: SF00350 Text: SF00352 Text: SF00300 - SF00399 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 11.6, subsection 1, paragraph a, Code 1 2 1997, 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 28Ehaving gross1 7receipts in excess of one hundred thousand dollars in a fiscal1 8year, 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. Differences in certified enrollment shall be reported 1 20 to the department of management. 1 21 Subject to the exceptions and requirements of subsection 2 1 22 and subsection 4, paragraph "c", examinations shall be made as 1 23 determined by the governmental subdivision either by the 1 24 auditor of state or by certified public accountants, certified 1 25 in the state of Iowa, and they shall be paid from the proper 1 26 public funds of the governmental subdivision. 1 27 Sec. 2. IMPLEMENTATION OF ACT. Section 25B.2, subsection 1 28 3, shall not apply to this Act. 1 29 EXPLANATION 1 30 This bill subjects all entities organized under chapter 1 31 28E, the chapter regulating the joint exercise of governmental 1 32 powers, to an annual state audit, either by the auditor of 1 33 state or by certified public accountants. Currently, only 1 34 such entities with gross receipts in excess of $100,000 are 1 35 required to be audited annually. 2 1 The bill may create a state mandate as defined in section 2 2 25B.3. The bill makes inapplicable the statutory provision 2 3 which would relieve a political subdivision from complying 2 4 with a state mandate if funding for the cost of the state 2 5 mandate is not provided or specified. 2 6 LSB 2629XS 77 2 7 tm/cf/24.1
Text: SF00350 Text: SF00352 Text: SF00300 - SF00399 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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