Fabio
87 lines
5.6 KiB
Markdown
87 lines
5.6 KiB
Markdown
---
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type: "Bill"
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title: "Local Government Audit Exemption Thresholds"
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description: "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."
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jurisdiction: "us/states/co"
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legislature: "Colorado General Assembly"
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session: "2025A"
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identifier: "SB 25-023"
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citation: "Colorado SB 25-023 (2025A)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Dafna Michaelson Jenet", "Rod Pelton", "William Lindstedt"]
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version_count: 8
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action_count: 13
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vote_count: 2
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first_action: "2025-01-08T07:00:00+00:00"
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last_action: "2025-04-07T06:00:00+00:00"
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source: "openstates"
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source_identifier: "ocd-bill/10289390-1eff-4cdc-af47-a0fedb19efda"
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source_url: "https://leg.colorado.gov/bills/sb25-023"
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source_hash: "0e5ca58ce28e39881aed7ad2d9a0373705f16189b162dc299638abb5a53ea6d4"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-co"]
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---
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# Colorado SB 25-023 (2025A) — Local Government Audit Exemption Thresholds
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Committee Amendment** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/2025a_sb023_h_thl_001.pdf)
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2. **Engrossed (02/04/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_023_eng.pdf)
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3. **Final Act (03/28/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_023_enr.pdf)
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4. **Introduced (01/08/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_023_01.pdf)
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5. **Reengrossed (02/05/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_023_rn2.pdf)
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6. **Rerevised (03/25/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_023_rer.pdf)
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7. **Revised (03/20/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_023_rev.pdf)
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8. **Signed Act (04/07/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/2025a_023_signed.pdf)
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## Votes
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- BILL — **35–0** (pass) · upper
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- BILL — **58–1** (pass) · lower
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## Sponsors
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- Dafna Michaelson Jenet — primary (person)
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- Rod Pelton — primary (person)
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- William Lindstedt — primary (person)
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- A. Boesenecker — cosponsor (person)
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- B. Pelton — cosponsor (person)
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- J. Gonzales — cosponsor (person)
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- J. McCluskie — cosponsor (person)
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- L. Frizell — cosponsor (person)
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- R. Rodriguez — cosponsor (person)
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- S. Bird — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2025-04-07T06:00:00+00:00** Governor Signed `executive-signature`
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- **2025-03-28T06:00:00+00:00** Sent to the Governor `executive-receipt`
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- **2025-03-28T06:00:00+00:00** Signed by the Speaker of the House
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- **2025-03-28T06:00:00+00:00** Signed by the President of the Senate
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- **2025-03-25T06:00:00+00:00** House Third Reading Passed - No Amendments `passage, reading-3`
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- **2025-03-21T06:00:00+00:00** House Third Reading Laid Over Daily - No Amendments
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- **2025-03-20T06:00:00+00:00** House Second Reading Special Order - Passed - No Amendments
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- **2025-03-19T06:00:00+00:00** House Committee on Transportation, Housing & Local Government Refer Unamended to House Committee of the Whole `committee-passage, referral-committee`
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- **2025-02-06T07:00:00+00:00** Introduced In House - Assigned to Transportation, Housing & Local Government `introduction`
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- **2025-02-05T07:00:00+00:00** Senate Third Reading Passed - No Amendments `passage, reading-3`
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- **2025-02-04T07:00:00+00:00** Senate Second Reading Passed - No Amendments `reading-2`
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- **2025-01-30T07:00:00+00:00** Senate Committee on Local Government & Housing Refer Unamended - Consent Calendar to Senate Committee of the Whole `committee-passage`
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- **2025-01-08T07:00:00+00:00** Introduced In Senate - Assigned to Local Government & Housing `introduction`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/10289390-1eff-4cdc-af47-a0fedb19efda`. Confidence: reported (aggregated from official Colorado legislature records).
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