This bill amends existing laws regarding the financial auditing and reporting requirements for cities in Iowa. It removes the previous provisions for a required fiscal year examination for cities with a population of less than 2,000 and budgeted gross expenditures of $1 million or more, replacing it with a requirement for an audit instead. Additionally, all cities with a population of less than 2,000 and budgeted gross expenditures of less than $1 million must now undergo an audit at least once every five years, rather than being subject to periodic examinations by the auditor of state.

Furthermore, the bill modifies the publication requirements for city council meeting minutes. It mandates that city clerks, within 15 days of a meeting, publish the minutes, including total expenditures from each city fund, in a newspaper of general circulation. For cities with a population of less than 2,000, this publication must also include a detailed statement of expenditures from any city-owned credit and debit cards. The bill aims to enhance transparency and accountability in city finances by ensuring more rigorous auditing and detailed reporting practices.

Statutes affected:
Introduced: 11.6, 257.6