A bill for an act relating to city finances.

This bill changes how small Iowa cities must review their finances. Cities with fewer than 2,000 residents and annual budgets under $1 million must now undergo formal financial audits every five years (previously, they had periodic checks every eight years). It also requires these cities to include detailed credit and debit card spending records in their public financial reports. The changes apply specifically to cities meeting these population and budget thresholds, with no impact on larger cities or school district audits.