Increases the cap on periodic examination fees for cities and modifies the threshold for requiring such fees.

This bill raises 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 cities to pay these fees, making them applicable even if the cities are not required to have an audit or fiscal year examination. The fees are based on a sliding scale according to the city's budgeted gross expenditures. Any excess funds from these fees will be used for municipal financial management training for city officials or contracted out for such training.

Increases the cap on periodic examination fees for cities and modifies the threshold for requiring such fees.

This bill raises 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 cities to pay these fees, making them applicable even if the cities are not required to have an audit or fiscal year examination. The fees are based on a sliding scale according to the city's budgeted gross expenditures. Any excess funds from these fees will be used for municipal financial management training for city officials or contracted out for such training.