Local Government Audit Exemption Thresholds

Increased the maximum revenue and expenditure threshold for audit exemption from $100,000 to $200,000 for fiscal years starting on or after January 1, 2025.

Increased the upper revenue and expenditure threshold for audit exemption from $750,000 to $1,000,000 for fiscal years starting on or after January 1, 2025.

Updated bill formatting and headers to reflect final legislative status, including session information and reading dates.

Added a note indicating the bill is prepared for signatures and directing readers to check legislative status for Governor's action

Updated formatting of sponsor names and signature lines to correct spelling errors (e.g., 'McClus ie' to 'McCluskie', 'Vanes Reilly' to 'Vanessa Reilly')

Adjusted layout and spacing of the legislative document text, including indentation and signature block formatting

Increased the maximum revenue and expenditure threshold for audit exemption from $100,000 to $200,000 for fiscal years beginning on or after January 1, 2025.

Increased the maximum revenue and expenditure threshold for audit exemption from $750,000 to $1,000,000 for fiscal years beginning on or after January 1, 2025.

Established a transition period where the old $100,000/$750,000 thresholds apply to fiscal years before January 1, 2025, and the new $200,000/$1,000,000 thresholds apply to fiscal years on or after January 1, 2025.

Added Rodriguez as a co-sponsor to the Senate sponsorship list.

Updated the legislative summary text to clarify that amendments adopted in the House of Introduction are included in this version.

Added a '3rd Reading Unamended' notice and updated the document date to February 5, 2025.

Document status changed from 'Introduced' to 'Engrossed' with updated version date of February 4, 2025, indicating the bill has been amended and approved by both chambers.

Page header formatting changed from 'SB25-023' to just '023' on the second page, likely a standard formatting update for engrossed bills.

New markings added to indicate 2nd Reading Unamended status and February 4, 2025 date, showing the legislative timeline and approval status.