Kentucky Statutes 147.635 – Budget — Annual audit — Compliance with KRS 65A.010 to 65A.090
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(1) An area planning commission created under the provisions of KRS § 147.610 to
147.705 shall, not later than two (2) months prior to the first day of its fiscal year, submit a proposed budget detailing anticipated revenues and expenditures, and a proposed tax rate, to the area council for its approval on or before the first day of each such fiscal year.
(2) The area council shall contract with an independent, reputable certified public accountant to perform an audit of the records, books, and accounts of the area planning commission for each fiscal year.
(3) The area planning commission and area council shall comply with the provisions of
KRS § 65A.010 to KRS § 65A.090.
Effective: March 21, 2013
History: Amended 2013 Ky. Acts ch. 40, sec. 54, effective March 21, 2013. — Amended 1982 Ky. Acts ch. 253, sec. 4, effective July 15, 1982. — Created 1974 Ky. Acts ch. 359, sec. 6.
147.705 shall, not later than two (2) months prior to the first day of its fiscal year, submit a proposed budget detailing anticipated revenues and expenditures, and a proposed tax rate, to the area council for its approval on or before the first day of each such fiscal year.
Terms Used In Kentucky Statutes 147.635
- Contract: A legal written agreement that becomes binding when signed.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Year: means calendar year. See Kentucky Statutes 446.010
(2) The area council shall contract with an independent, reputable certified public accountant to perform an audit of the records, books, and accounts of the area planning commission for each fiscal year.
(3) The area planning commission and area council shall comply with the provisions of
KRS § 65A.010 to KRS § 65A.090.
Effective: March 21, 2013
History: Amended 2013 Ky. Acts ch. 40, sec. 54, effective March 21, 2013. — Amended 1982 Ky. Acts ch. 253, sec. 4, effective July 15, 1982. — Created 1974 Ky. Acts ch. 359, sec. 6.