Increases the cap on periodic examination fees for cities and modifies training requirements for city officials.

This bill increases the cap on total periodic examination fees collected by the auditor of state from $375,000 to $600,000. It also modifies the threshold for requiring the auditor of state to provide or contract for training to city officials on municipal financial management. The fees collected are maintained in a segregated account for use by the office of the auditor of state in performing periodic examinations. If the fees collected in a fiscal year exceed $600,000, the excess funds will be used for the specified training.

Increases the cap on periodic examination fees for cities and modifies training requirements for city officials.

This bill increases the cap on total periodic examination fees collected by the auditor of state from $375,000 to $600,000. It also modifies the threshold for requiring the auditor of state to provide or contract for training to city officials on municipal financial management. The fees collected are maintained in a segregated account for use by the office of the auditor of state in performing periodic examinations. If the fees collected in a fiscal year exceed $600,000, the excess funds will be used for the specified training.