Municipal audits, expenditure thresholds for municipal audits revised

Summary

HB 17 changes the spending levels that trigger municipal financial audits in Alabama. Cities and towns that spend $500,000 or more each year must get an annual audit, those spending between $300,000 and $500,000 get a audit every two years, and those under $300,000 can submit an annual report instead of a biennial audit. The law aims to focus audit resources on larger municipalities while giving smaller ones a lighter reporting option.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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