SB 25-023

  • Colorado Senate Bill
  • 2025 Regular Session
  • Introduced in Senate Feb 06, 2025
  • Passed Senate Feb 05, 2025
  • Passed House Mar 25, 2025
  • Signed by Governor Apr 07, 2025

Local Government Audit Exemption Thresholds

Abstract

The act allows a local government to seek from the state auditor an exemption from the annual audit of its financial statements if the local government's total fiscal year revenues and expenditures are each less than or equal to $200,000, instead of less than $100,000 as was previously the case. The act also allows a local government to seek from the state auditor an exemption from the annual audit of its financial statements if either the local government's total fiscal year revenues or expenditures are at least $200,000 and not more than $1,000,000, instead of at least $100,000 and not more than $750,000 as was previously the case. (Note: This summary applies to this bill as enacted.)

Bill Sponsors (10)

Votes


Mar 25, 2025

Feb 05, 2025

Actions


Apr 07, 2025

Office of the Governor

Governor Signed

Mar 28, 2025

Office of the Governor

Sent to the Governor

House

Signed by the Speaker of the House

Senate

Signed by the President of the Senate

Mar 25, 2025

House

House Third Reading Passed - No Amendments

Mar 21, 2025

House

House Third Reading Laid Over Daily - No Amendments

Mar 20, 2025

House

House Second Reading Special Order - Passed - No Amendments

Mar 19, 2025

House

House Committee on Transportation, Housing & Local Government Refer Unamended to House Committee of the Whole

  • Committee-Passage
  • Referral-Committee
Transportation, Housing & Local Government House Committee of the Whole Transportation Local Government

Feb 06, 2025

House

Introduced In House - Assigned to Transportation, Housing & Local Government

  • Introduction
Transportation, Housing & Local Government Transportation Local Government

Feb 05, 2025

Senate

Senate Third Reading Passed - No Amendments

Feb 04, 2025

Senate

Senate Second Reading Passed - No Amendments

Jan 30, 2025

Senate

Senate Committee on Local Government & Housing Refer Unamended - Consent Calendar to Senate Committee of the Whole

  • Committee-Passage
Local Government & Housing Local Government

Jan 08, 2025

Senate

Introduced In Senate - Assigned to Local Government & Housing

  • Introduction
Local Government & Housing Local Government

Bill Text

Bill Text Versions Format
Signed Act (04/07/2025) PDF
Final Act (03/28/2025) PDF
Rerevised (03/25/2025) PDF
Revised (03/20/2025) PDF
Reengrossed (02/05/2025) PDF
Engrossed (02/04/2025) PDF
Introduced (01/08/2025) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note FN1 (01/17/2025) PDF
Fiscal Note FN2 (08/19/2025) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.