§ 33.02. ACCOUNTING RECORDS AND FINANCIAL REPORTS.  


Latest version.
  • (A) The city shall keep its accounting records and render financial reports in such a way as to:
    (1) Determine compliance with statutory provisions;
    (2) Determine fairly and with full disclosure the financial operations of constituent funds and account groups of the city in conformity with generally accepted governmental accounting principles; and
    (3) Readily provide such financial data as may be required by the federal revenue sharing program.
    (B) The municipal accounting system shall be organized and operated on a fund basis.
    (KRS 91A.020)