Senate File 2245 - Introduced SENATE FILE 2245 BY WEINER , DONAHUE , STAED , DREY , BLAKE , KNOX , TOWNSEND , ZIMMER , WINCKLER , QUIRMBACH , TRONE GARRIOTT , BENNETT , PETERSEN , DOTZLER , HARDMAN , BISIGNANO , and WAHLS A BILL FOR An Act relating to audits of governmental subdivisions by the 1 state auditor concerning suspected embezzlement, theft, or 2 other significant financial irregularities. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 5809XS (2) 91 as/js
S.F. 2245 Section 1. Section 11.6, Code 2026, is amended by adding the 1 following new subsection: 2 NEW SUBSECTION . 7A. Upon notification of any suspected 3 misuse of public funds as described in subsection 7, the 4 certified public accountant and the governmental subdivision 5 shall cooperate with the auditor of state to establish 6 procedures to investigate the suspected embezzlement, theft, 7 or other significant financial irregularities. The auditor 8 of state shall determine if the auditor of state will perform 9 further procedures. The governmental subdivision shall 10 reimburse the auditor of state for any actions taken by the 11 auditor of state to investigate the suspected embezzlement, 12 theft, or other significant financial irregularities. The 13 costs assessed shall not exceed the amount of the public funds 14 misused as determined by the auditor. 15 EXPLANATION 16 The inclusion of this explanation does not constitute agreement with 17 the explanation’s substance by the members of the general assembly. 18 This bill relates to audits of governmental subdivisions 19 concerning suspected embezzlement, theft, or other significant 20 financial irregularities. 21 The bill provides that upon notification to the auditor 22 of state by a certified public accountant and a governmental 23 subdivision of any misuse of public funds involving any 24 suspected embezzlement, theft, or other significant financial 25 irregularities of a governmental subdivision of this state, the 26 certified public accountant and the governmental subdivision 27 shall cooperate with the auditor of state to establish 28 procedures to investigate the suspected embezzlement, theft, 29 or other significant financial irregularities. The auditor 30 of state shall determine if the auditor of state will perform 31 further procedures. The governmental subdivision shall 32 reimburse the auditor of state for any actions taken by the 33 auditor of state to investigate the reported embezzlement, 34 theft, or other significant financial irregularities. The 35 -1- LSB 5809XS (2) 91 as/js 1/ 2
S.F. 2245 costs assessed shall not exceed the amount of the public funds 1 misused as determined by the auditor. 2 “Governmental subdivision” is defined in Code section 11.1 3 as cities and administrative agencies established by cities, 4 hospitals or health care facilities established by a city, 5 counties, county hospitals organized under Code chapters 347 6 and 347A, memorial hospitals organized under Code chapter 37, 7 entities organized under Code chapter 28E, community colleges, 8 area education agencies, and school districts. 9 -2- LSB 5809XS (2) 91 as/js 2/ 2