Increasing cap on audits of municipalities

SB 613 increases the maximum cost cap for audits of West Virginia municipalities from $3,000 to $5,000 per audit for Class IV municipalities (smaller towns with limited revenue). It also adds an additional $3,000 cap specifically for audits of utility systems, parks, or pension funds owned by these municipalities. The bill directly affects Class IV municipalities by raising the cost limits they must pay for required audits by the state chief inspector. This change clarifies and increases the financial limits for these local governments when undergoing state-mandated audits.