Periodic Examination Fees (1333DP) - Auditor of State

This bill (1333DP) increases the annual cap on periodic examination fees for Iowa cities from $375,000 to $600,000. Cities not required to undergo regular audits or fiscal examinations pay fees based on their budget size, with total fees capped at $600,000 per fiscal year. If fees exceed $600,000, the excess funds must be used to provide financial management training for city officials. The law applies to fees collected starting July 1, 2025.