HF 2524: Relating to city finances

What it does

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.

Lobbying · 1 for, 0 against

For: VALOR Iowa

In plain words

1. February 16, 2026Filed in the House and sent to the Ways and Means committee