Iowa HF2473 increases the cap on periodic examination fees for cities and modifies training requirements.

Iowa HF2473 amends the Code to allow the auditor of state to collect up to $600,000 in periodic examination fees from cities not requiring audits. The fees are based on a sliding scale according to the city's budgeted gross expenditures. If the fees exceed $600,000, the excess must be used for municipal financial management training for city officials. The changes apply to fees collected in fiscal years beginning on or after July 1, 2026.

Iowa HF2473 increases the cap on periodic examination fees for cities and modifies training requirements.

Iowa HF2473 amends the Code to allow the auditor of state to collect up to $600,000 in periodic examination fees from cities not requiring audits. The fees are based on a sliding scale according to the city's budgeted gross expenditures. If the fees exceed $600,000, the excess must be used for municipal financial management training for city officials. The changes apply to fees collected in fiscal years beginning on or after July 1, 2026.