424.220 Financial statements.
(1)
(2)
(3)
(4)
(5)
Excepting officers of a city of the first class or a consolidated local government, a
county containing such a city or consolidated local government, a public agency of
such a city, consolidated local government, or county, or a joint agency of such a
city, consolidated local government, and county, or of a school district of such a
city, consolidated local government, or county, and excepting officers of a city of
the second class or an urban-county government, every public officer of any school
district, city, consolidated local government, county, or subdivision, or district less
than a county, whose duty it is to collect, receive, have the custody, control, or
disbursement of public funds, and every officer of any board or commission of a
city, consolidated local government, county, or district whose duty it is to collect,
receive, have the custody, control, or disbursement of funds collected from the
public in the form of rates, charges, or assessments for services or benefits, shall at
the expiration of each fiscal year prepare an itemized, sworn statement of the funds
collected, received, held, or disbursed by him during the fiscal year just closed,
unless he has complied with KRS 424.230. Pursuant to subsections (2) and (3) of
KRS 91A.040, each city of the sixth class shall prepare an itemized, sworn
statement of the funds collected, received, held, or disbursed by the city which
complies with the provisions of this section.
The statement shall show:
(a) The total amount of funds collected and received during the fiscal year from
each individual source; and
(b) The total amount of funds disbursed during the fiscal year to each individual
payee. The list shall include only aggregate amounts to vendors exceeding one
thousand dollars (,000).
Only the totals of amounts paid to each individual as salary or commission and
public utility bills shall be shown. The amount of salaries paid to all nonelected
county employees shall be shown as lump-sum expenditures by category, including
but not limited to road department, jails, solid waste, public safety, and
administrative personnel.
The amount of salaries paid to all teachers shall be shown as a lump-sum
instructional expenditure for the school district and not by amount paid to
individual teachers. The amount of salaries paid to all other employees of the board
shall be shown as lump-sum expenditures by category, including but not limited to
administrative, maintenance, transportation, and food service. The local board of
education and the fiscal court shall have accessible a factual list of individual
salaries for public scrutiny and the local board and the fiscal court shall furnish by
mail a factual list of individual salaries of its employees to a newspaper qualified
under KRS 424.120 to publish advertisements for the district, which newspaper
may then publish as a news item the individual salaries of school or county
employees.
The officer shall procure and include in or attach to the financial statement, as a part
thereof, a certificate from the cashier or other proper officer of the banks in which
(6)
(7)
(8)
the funds are or have been deposited during the past year, showing the balance, if
any, of funds to the credit of the officer making the statement.
(a) The officer shall, except in a city publishing its audit in accordance with KRS
91A.040(6), within sixty (60) days after the close of the fiscal year cause the
financial statement to be published in full in a newspaper qualified under KRS
424.120 to publish advertisements for the city, county, or district, as the case
may be. Promptly after the publication is made, the officer shall file a written
or printed copy of the advertisement with proof of publication, in the office of
the county clerk of the county and with the Auditor of Public Accounts.
(b) The appropriate officer of a sixth class city that has not conducted an annual
audit under the provisions of KRS 91A.040(2) or (3) may publish a legal
display advertisement meeting the requirements of subsection (7)(b) of this
section which shall satisfy the publication requirements set out in paragraph
(a) of this subsection.
In lieu of the publication requirements of subsection (6) of this section, the
appropriate officer of a city, including the appropriate officer of any municipally
owned electric, gas, or water system, shall elect to satisfy the requirements of
subsection (6) of this section by:
(a) Publishing an audit report in accordance with KRS 91A.040(6); and
(b) Publishing a legal display advertisement of not less than six (6) column inches
in a newspaper qualified under KRS 424.120 that the statement required by
subsection (1) of this section has been prepared and that copies have been
provided to each local newspaper of general circulation, each news service,
and each local radio and television station which has on file with the city a
written request to be provided a statement. The advertisement shall be
published within ninety (90) days after the close of the fiscal year.
The appropriate officer of a county shall satisfy the requirements of subsection (6)
of this section by publishing the county's audit, prepared in accordance with KRS
43.070 or 64.810, in the same manner that city audits are published in accordance
with KRS 91A.040(6).
Effective: June 8, 2011
History: Amended 2011 Ky. Acts ch. 46, sec. 2, effective June 8, 2011. -- Amended
2006 Ky. Acts ch. 8, sec. 6, effective July 12, 2006. -- Amended 2002 Ky. Acts
ch. 346, sec. 232, effective July 15, 2002. -- Amended 1998 Ky. Acts ch. 69, sec. 79,
effective July 15, 1998. -- Amended 1990 Ky. Acts ch. 52, sec. 3, effective July 13,
1990. -- Amended 1988 Ky. Acts ch. 32, sec. 2, effective July 15, 1988. -- Amended
1984 Ky. Acts ch. 277, sec. 1, effective July 13, 1984. -- Amended 1982 Ky. Acts
ch. 430, sec. 7, effective July 15, 1982. -- Amended 1978 Ky. Acts ch. 384, sec. 526,
effective June 17, 1978. -- Amended 1976 Ky. Acts ch. 71, sec. 1. -- Amended 1962
Ky. Acts ch. 170, sec. 1. -- Amended 1960 Ky. Acts ch. 168, sec. 1. -- Created 1958
Ky. Acts ch. 42, sec. 12.
2010-2012 Budget Reference. See State/Executive Branch Budget, 2010 (1st Extra.
Sess.) StateKy. Acts ch. 1, Pt. I, C, 3, (6) at 19.
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