2014 Kentucky Revised Statutes
CHAPTER 43 - AUDITOR OF PUBLIC ACCOUNTS
43.050 General functions of Auditor.
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<![CDATA[43.050 General functions of Auditor.
(1)
(2)
The Auditor constitutes an agency independent of the administrative
departments enumerated in KRS 12.020, it being the policy of the General
Assembly to provide for the independent auditing of the accounts, financial
transactions, and performance of all spending agencies of the state through a
disinterested auditor, who is entirely independent of the state administration
whose affairs he is called upon to audit.
The Auditor shall:
(a) Audit annually, and at such other times as may be deemed expedient, the
accounts of all state agencies, all private and semiprivate agencies
receiving state aid or having responsibility for the handling of any state
funds, the accounts, records, and transactions of the budget units, and
the general accounts of the state.
(b) Make a complete audit and verification of all moneys handled for the
account of the state government by local officials charged with the
collection of fees or other money for or on behalf of the state, when an
audit is demanded in writing by the Legislative Research Commission, the
secretary of the Finance and Administration Cabinet, or the Governor,
and may make an audit when it is not so demanded.
(c) Examine periodically the performance, management, conduct, and
condition of all asylums, prisons, institutions for the intellectually disabled,
and eleemosynary institutions; public works owned, operated, or partly
owned by the state, or in the conduct or management of which the state
has any financial interest or legal power; and state agencies. The
examinations shall give special attention to the faithful and economical
application of any money appropriated by the state to the institution,
public works, or state agency examined, or of any money in which the
state has an interest.
(d) Examine annually the management and condition of the offices of the
Finance and Administration Cabinet, the State Treasurer, and the chief
state school officer, to determine whether the laws regulating their duties
are being fully complied with, and all money received by them for the
state fully accounted for.
(e) Examine, at least biennially, the Finance and Administration Cabinet's
compliance with this section and KRS 48.111 and 56.800 to 56.823.
Within sixty (60) days of the completion of each examination, the Auditor
shall report his findings and recommendations to the Capital Projects and
Bond Oversight Committee.
(f) Audit periodically all state revenue collections, and, if he finds that
collections are not being satisfactorily made, report that fact to the
authority whose duty it is to make the collections.
(g) Make special audits and investigations when required by the Governor.
(h) Investigate the means of accounting for, controlling, and insuring the safe
custody of all property of the state, and verify the existence and condition
of such property charged to, or held in the custody of any state agency.
(i) Audit the statements of financial condition and operations of the state
(3)
(4)
government, and certify in writing the results of the audit and examination
with the comments he deems necessary for the information of the
General Assembly.
(j) Report immediately in writing to the Governor, each member of the
Legislative Research Commission, and the secretary of the Finance and
Administration Cabinet, any unauthorized, illegal, irregular, or unsafe
handling or expenditure of state funds, or other improper practice of
financial administration, or evidence that any such handling, expenditure,
or practice is contemplated, and any obstruction of the Auditor or his
agents during the conduct of any audit or investigation of a state agency.
(k) Assist the Legislative Research Commission at hearings and
investigations conducted by it and cooperate with the Legislative
Research Commission in the preparation of its reports to the General
Assembly.
(l) Keep accounts showing the costs of his own operations and of each
separate audit and investigation made by him, and the accounts he
deems necessary to provide a record of warrants of the state outstanding
as of the end of each calendar month.
The Auditor may investigate and examine into the conduct of all state and
county officers who are authorized to receive, collect, or disburse any money
for the state, or who manage or control any property belonging to the state or in
which the state is interested, or who make estimates or records that are used
as a basis by any state agency in the disbursement of public funds.
The Auditor shall not be responsible for the keeping of any accounts of the
state, except accounts relating to his own operations, and records of
outstanding warrants. He shall not be responsible for the collection of any
money due the state, or for the handling or custody of any state funds or
property except in the process of counting and verifying the amounts of the
funds or property in the course of the audits provided for in this section.
Effective:July 15, 2010
History: Amended 2010 Ky. Acts ch. 141, sec. 3, effective July 15, 2010. -Amended 2009 Ky. Acts ch. 78, sec. 29, effective June 25, 2009. -- Amended
1998 Ky. Acts ch. 39, sec. 2, effective July 15, 1998. -- Amended 1992 Ky. Acts
ch. 27, sec. 3, effective March 2, 1992. -- Amended 1990 Ky. Acts ch. 512,
sec. 14, effective July 13, 1990. -- Amended 1982 Ky. Acts ch. 450, sec. 59,
effective July 1, 1983. -- Amended 1978 Ky. Acts ch. 92, sec. 1, effective June
17, 1978. -- Amended 1974 Ky. Acts ch. 74, Art. II, sec. 9(1) and (2). -Amended 1970 Ky. Acts ch. 92, sec. 14. -- Recodified 1942 Ky. Acts ch. 208,
sec. 1, effective October 1, 1942, from Ky. Stat. secs. 1992b-59, 4618-134,
4622, 4623.
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