LOC News
Auditing Bills Heard in Committee
The House Committee on Emergency Management, General Government and Veterans, chaired by Representative Dacia Grayber (D-Portland), heard two bills this week which would update Oregon’s municipal audit statutes.
- HB 2103, introduced at the request of the Secretary of State Shemia Fagan, updates terminology in the state’s municipal audits statutes and gives the Oregon Board of Accountancy authority to regulate auditors. The LOC is supportive of the bill and expects additional amendments and discussions on the bill.
- HB 2110, also introduced at the request of Secretary Fagan, removes the requirement that certain state agencies must withhold state shared revenue from cities and counties for late audit filings. The bill also increases the expenditure threshold that triggers the audit requirement and requires agencies who are eligible for the less rigorous financial review to use established accounting standards.
Both bills received public hearings only, but they are expected to receive work sessions in the coming weeks.
Contact: Scott Winkels, Lobbyist - swinkels@orcities.org
Last Updated 1/27/23