Raises the revenue threshold for annual audits in Minnesota cities.

This bill amends Minnesota Statutes to raise the revenue threshold for annual audits in cities. If the offices of clerk and treasurer are combined, cities with annual revenue of $500,000 or more must undergo an annual audit. The threshold will be adjusted annually for inflation. The change takes effect August 1, 2025, and applies to audits performed for 2026 and thereafter.

Raises the revenue threshold for annual audits in Minnesota cities.

This bill amends Minnesota Statutes to raise the revenue threshold for annual audits in cities. If the offices of clerk and treasurer are combined, cities with annual revenue of $500,000 or more must undergo an annual audit. The threshold will be adjusted annually for inflation. The change takes effect August 1, 2025, and applies to audits performed for 2026 and thereafter.