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HB1358: requiring municipal auditors to be bonded, and relative to audits within political subdivisions.
Bill details
Version history, amendments, and roll-call votes were not present in the imported local bill data.
Sponsors
- Richard Marple House · Merr 37
- Peter Goyette House · Hills 66
Topics
Local government Public finance
Official links
HB 1358-FN - AS INTRODUCED
2003 SESSION
03-2132
08/09
HOUSE BILL 1358-FN
AN ACT requiring municipal auditors to be bonded, and relative to audits within political subdivisions.
ANALYSIS
This bill requires municipal auditors to be bonded, and extends municipal and county audit duty of the municipal services division, department of revenue administration to all departments within the municipality and county.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03-2132
08/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Three
AN ACT requiring municipal auditors to be bonded, and relative to audits within political subdivisions.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Municipal and County Audits. Amend RSA 21-J:15, II to read as follows:
II. Performing [general] municipal and county audits including audits of all departments within the municipality and county.
2 New Section; Auditors to be Bonded. Amend RSA 21-J by inserting after section 23 the following new section:
21-J:23-a Bonding. Any auditor who audits the financial records of any political subdivision shall be bonded.
3 Effective Date. This act shall take effect 60 days after its passage.
LBAO
03-2132
7/25/03
HB 1358-FN - FISCAL NOTE
AN ACT requiring municipal auditors to be bonded, and relative to audits within political subdivisions.
FISCAL IMPACT:
The Department of Revenue Administration states this bill will increase state expenditures by an indeterminable amount in FY 2004 and each year thereafter. There will be no fiscal impact on state, county, and local revenues or county and local expenditures.
METHODOLOGY:
The Department of Revenue Administration states the Department is not currently staffed to support the expansion of duties to include conducting audits of all departments within a municipality or county. The Department assumes it would experience increased costs to hire 20 additional staff to conduct the audits, associated benefits, equipment, and other associated costs. Assuming a 5% increase in FY 2005, the estimated fiscal impact for conducting the required audits is as follows:
FY 2005
FY 2004 & Thereafter
18 Positions at Labor Grade 24 $ 708,880 $ 744,324
2 Positions at Labor Grade 28 93,960 98,658
Benefits (37% of Salary) 297,051 311,903
Equipment & Other Associated Costs 172,256 180,869
Total $1,272,147 $1,335,754
The Department states they would also be required to bond every auditor who audits the financial records of any political subdivision, but they are unable to determine the exact fiscal impact at this time.
The Association of Counties states it is unable to determine the fiscal impact of this bill on county revenue or expenditures at this time.
The New Hampshire Municipal Association states this bill will have no fiscal impact on local revenue or expenditures.