Kentucky Statutes 201.190 – Budgets — Accounting system
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(1) When the fiscal court of the county and the city legislative body make the appropriations authorized by KRS § 201.160 and KRS § 201.170, the board shall prepare and certify to the fiscal court of the county and the legislative body of the city for their approval:
(a) A revised budget setting forth the receipts, funds and assets from all sources, available and estimated to become available for expenditure during the next succeeding fiscal year, for the purposes named in KRS § 201.160, and the estimated expenditures by branches or departments for such year under KRS
201.160; and
(b) A revised budget setting forth the estimated receipts, funds and assets from all sources available and estimated to become available for expenditure during the next succeeding fiscal year for the purposes named in KRS § 201.170, and the estimated expenditures by branches or departments for such year under KRS § 201.170.
(2) In making the revised budgets, the board shall allocate the revenues and assets estimated to be and to become available for such fiscal year, to the various branches or departments of expenditures to be made under KRS § 201.160 and KRS § 201.170 respectively, and in making disbursements and expenditures for such fiscal year, the board shall conform thereto, but in the event of an emergency, the board, with the approval of the county judge/executive and the mayor, may deviate therefrom.
(3) The board shall inaugurate and maintain a modern and efficient accounting system in the home.
Effective: June 17, 1954
History: Amended 1954 Ky. Acts ch. 169, sec. 4, effective June 17, 1954. — Recodified
1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 938b-6.
(a) A revised budget setting forth the receipts, funds and assets from all sources, available and estimated to become available for expenditure during the next succeeding fiscal year, for the purposes named in KRS § 201.160, and the estimated expenditures by branches or departments for such year under KRS
Terms Used In Kentucky Statutes 201.190
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: means the body created by KRS §. See Kentucky Statutes 201.010
- City: includes town. See Kentucky Statutes 446.010
- 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.
- Home: means the institution to be established and maintained in any county having a city of the first class, in conformity with the provisions of this chapter. See Kentucky Statutes 201.010
- Year: means calendar year. See Kentucky Statutes 446.010
201.160; and
(b) A revised budget setting forth the estimated receipts, funds and assets from all sources available and estimated to become available for expenditure during the next succeeding fiscal year for the purposes named in KRS § 201.170, and the estimated expenditures by branches or departments for such year under KRS § 201.170.
(2) In making the revised budgets, the board shall allocate the revenues and assets estimated to be and to become available for such fiscal year, to the various branches or departments of expenditures to be made under KRS § 201.160 and KRS § 201.170 respectively, and in making disbursements and expenditures for such fiscal year, the board shall conform thereto, but in the event of an emergency, the board, with the approval of the county judge/executive and the mayor, may deviate therefrom.
(3) The board shall inaugurate and maintain a modern and efficient accounting system in the home.
Effective: June 17, 1954
History: Amended 1954 Ky. Acts ch. 169, sec. 4, effective June 17, 1954. — Recodified
1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 938b-6.