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48.800 Fiscal reporting to branches of government -- Annual financial and
program status reports.
The Finance and Administration Cabinet shall prepare and submit to each branch of
government:
(1) Within ten (10) days after the close of each month copies of the accounts of
the budget units of that branch of government with the appropriations and
allotments in favor of its budget units and the balances as of the beginning and
end of that month.
(2) Within ten (10) days after the close of each month, prepare and transmit to
each branch of government a report embodying a summary statement of the
actual financial condition of each fund of the major fund groups as of the close
of the previous month, a summary statement showing the receipts and
payments of each such fund for the previous month and for the current fiscal
year to the close of the previous month, a summary budget statement for each
such fund showing the available cash balance as of the end of the previous
month, the amount of cash estimated to be realized from each source during
the remaining months of the fiscal year, the total means of financing, the
amount of the unallotted balances of all appropriations, the estimated amount
of unliquidated commitments, and the estimated cash surplus or deficit.
(3) Within ninety (90) days of the close of a fiscal year, file with each branch of
government a complete report of the financial transactions of the preceding
fiscal year and of the financial condition of the Commonwealth as of the end of
that fiscal year, with such comments and supplementary data necessary to
make the report complete and easy to understand.
(4) Each branch of government shall publish a financial and program status report,
within ninety (90) days of the close of a fiscal year, detailing for that period,
activities, appropriations, allotments, expenditures, receipts, transfers,
encumbrances and available balances of each budget unit of the branch, and
an explanation of the programs and services provided by the branch.
(5) In order to effectuate the budget review function of the General Assembly,
each branch of government shall make available, on a continuing basis,
records which detail activities, appropriations, allotments, expenditures,
receipts, transfers, encumbrances and available balances of each budget unit
of the branch. Such records shall be made available in the form necessary to
facilitate their read only accession by means of electronic data processing
procedures employed by the Legislative Research Commission.
Effective:July 13, 1984
History: Amended 1984 Ky. Acts ch. 131, sec. 4, effective July 13, 1984. -Created 1982 Ky. Acts ch. 450, sec. 30, effective July 1, 1983.
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