Bills › 91st General Assembly
Relating to city finances
Sponsored by Rep. Derek Wulf (R)
Topics:Taxes
Where it is now
- Done: IntroducedFebruary 16, 2026
- Stopped: SubcommitteeDied when the General Assembly ended
- Next: House committeeFunnel: by February 20, 2026
- Next: Passes the House
- Next: Senate committeeFunnel: by March 20, 2026
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The General Assembly adjourned on October 2, 2026. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
This bill relates to city finances. Under current law, all government subdivisions are subject to a fiscal year examination annually, with exceptions for certain entities and cities. Such examination checks the financial condition and transactions of the government subdivisions. Cities with a population of less than 2,000 and budgeted gross expenditures of less than $1 million in a fiscal year are subject to periodic examination by the auditor. A city with a population of less than 2,000 and budgeted gross expenditures of $1 million or more in a fiscal year shall not be subject to a required fiscal year examination until the city has two consecutive years of budgeted gross expenditures of $1 million or more in both fiscal years, and such examination shall be conducted during the second of such fiscal years.
Read the full explanation
A city meeting the requirements for a periodic examination shall be subject to an examination at least once during an eight-year period at a time determined by the auditor of state. The bill removes the fiscal year examination provisions, and instead requires an audit. The bill also modifies the schedule for the smaller cities. All cities with a population of less than 2,000 and budgeted gross expenditures of less than $1 million in a fiscal year are subject to an audit at least once every five years. Under current law, city clerks must publish minutes from city council meetings. Within days of a city council meeting, the clerk must publish the minutes of the proceedings, including the total expenditure from each city fund, to be delivered to a newspaper of general circulation in the city for publication. The publication shall include a list of all claims allowed and a summary of all receipts and shall show the gross amount of the claims. The bill adds, that for cities with a population of less than 2,000, this requirement includes the full detailed statement of expenditures from any city-owned credit and debit cards.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text
Iowa Code it changes
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
1 for · 0 against · 1 undecided · Who →