Minnesota HF2083 raises the revenue threshold for cities to require annual audits.

Minnesota HF2083 amends state law to increase the revenue threshold for cities to require annual audits. If the offices of clerk and treasurer are combined, cities with annual revenue over $500,000 must undergo annual audits. The threshold is adjusted for inflation starting in 2005. Cities with revenue at or below the threshold must undergo audits every five years. The change takes effect August 1, 2025, and applies to audits performed for 2026 and later.

Minnesota HF2083 raises the revenue threshold for cities to require annual audits.

Minnesota HF2083 amends state law to increase the revenue threshold for cities to require annual audits. If the offices of clerk and treasurer are combined, cities with annual revenue over $500,000 must undergo annual audits. The threshold is adjusted for inflation starting in 2005. Cities with revenue at or below the threshold must undergo audits every five years. The change takes effect August 1, 2025, and applies to audits performed for 2026 and later.