81—21.2(11) Periodic examination fee.

1. 21.2(1)  The fee shall be remitted according to a fee schedule using five strata based on the average of actual expenditures of the governmental subdivision for the previous two fiscal years.

2. 21.2(2)  The designated strata and applicable fees are as follows:

   Budget Expenditures in Thousands of Dollars		Fee Amount
   Under 100		$ 200
   At least 100 but less than 250		$ 550
   At least 250 but less than 500		$ 800
   At least 500 but less than 750		$1,200
   750 or more		$1,500

3. 21.2(3)  The fee shall be remitted to the office of auditor of state on or before March 31 each year.

A periodic examination fee, as provided for under Iowa Code section 11.6(11), shall be paid annually by cities that do not otherwise have an audit or fiscal year examination conducted pursuant to Iowa Code section 11.6, subsection 1 or subsection 3, during a fiscal year.

This rule is intended to implement Iowa Code section 11.6(11).

[ARC 1023C, IAB 9/18/13, effective 10/23/13; ARC 4929C, IAB 2/12/20, effective 4/1/20]