Local Government Audit Exemption Thresholds
| Type | Bill |
|---|---|
| Session | 2025 Regular Session |
| Subjects |
Concerning local government audit exemption thresholds.
Bill Summary:
The act allows a local government to seek from the state auditor an exemption from the annual audit of its financial statements if the local government's total fiscal year revenues and expenditures are each less than or equal to $200,000, instead of less than $100,000 as was previously the case. The act also allows a local government to seek from the state auditor an exemption from the annual audit of its financial statements if either the local government's total fiscal year revenues or expenditures are at least $200,000 and not more than $1,000,000, instead of at least $100,000 and not more than $750,000 as was previously the case.
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 25-023 to the Committee of the Whole. | The motion passed on a vote of 11-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 25-023 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 7-0. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 03/25/2025 | Third Reading | BILL |
58
AYE
1
NO
6
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 02/05/2025 | Third Reading | BILL |
35
AYE
0
NO
0
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 04/07/2025 | Governor | Governor Signed |
| 03/28/2025 | Governor | Sent to the Governor |
| 03/28/2025 | House | Signed by the Speaker of the House |
| 03/28/2025 | Senate | Signed by the President of the Senate |
| 03/25/2025 | House | House Third Reading Passed - No Amendments |
| 03/21/2025 | House | House Third Reading Laid Over Daily - No Amendments |
| 03/20/2025 | House | House Second Reading Special Order - Passed - No Amendments |
| 03/19/2025 | House | House Committee on Transportation, Housing & Local Government Refer Unamended to House Committee of the Whole |
| 02/06/2025 | House | Introduced In House - Assigned to Transportation, Housing & Local Government |
| 02/05/2025 | Senate | Senate Third Reading Passed - No Amendments |
| 02/04/2025 | Senate | Senate Second Reading Passed - No Amendments |
| 01/30/2025 | Senate | Senate Committee on Local Government & Housing Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 01/08/2025 | Senate | Introduced In Senate - Assigned to Local Government & Housing |
Prime Sponsor
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 08/06/2025 | 52 | Local Government Audit Exemption Thresholds |