Kentucky Statutes 46.010 – Uniform system of accounting and reporting of state funds by local officers
Current as of: 2024 | Check for updates
|
Other versions
(1) The Department for Local Government shall prescribe and keep in operation a uniform system of accounting and reporting on the receipt, use and handling of all public funds, other than taxes, due and payable to the state from county, district, and other local officers and agencies.
(2) The system so adopted shall require each county treasurer, and each county officer who receives or disburses state funds, to keep an accurate account of receipts and disbursements, showing a daily balance of receipts and disbursements.
(3) The system shall require all county officers handling state funds, other than taxes, to make an annual report to the Department for Local Government showing receipts and disbursements, and to make other financial statements as the Department for Local Government requires.
(4) The Department for Local Government, subject to the approval of the Governor, may from time to time change the system, or any book, report, form, or record provided for by the system, whenever in its opinion a change is necessary in order to conform to existing conditions.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 117, sec. 37, effective July 15, 2010. — Amended
2007 Ky. Acts ch. 47, sec. 31, effective June 26, 2007. — Amended 1998 Ky. Acts ch. 69, sec. 19, effective July 15, 1998. — Amended 1986 Ky. Acts ch. 374, sec. 8, effective July 15, 1986. — Amended 1974 Ky. Acts ch. 74, Art. II, sec. 9(1). — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4606a-1, 4606a-6.
(2) The system so adopted shall require each county treasurer, and each county officer who receives or disburses state funds, to keep an accurate account of receipts and disbursements, showing a daily balance of receipts and disbursements.
Terms Used In Kentucky Statutes 46.010
- public funds: means sums actually received in cash or negotiable instruments from all sources unless otherwise described by any state agency, state- owned corporation, university, department, cabinet, fiduciary for the benefit of any form of state organization, authority, board, bureau, interstate compact, commission, committee, conference, council, office, or any other form of organization whether or not the money has ever been paid into the Treasury and whether or not the money is still in the Treasury if the money is controlled by any form of state organization, except for those funds the management of which is to be reported to the Legislative Research Commission pursuant to KRS §. See Kentucky Statutes 446.010
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
(3) The system shall require all county officers handling state funds, other than taxes, to make an annual report to the Department for Local Government showing receipts and disbursements, and to make other financial statements as the Department for Local Government requires.
(4) The Department for Local Government, subject to the approval of the Governor, may from time to time change the system, or any book, report, form, or record provided for by the system, whenever in its opinion a change is necessary in order to conform to existing conditions.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 117, sec. 37, effective July 15, 2010. — Amended
2007 Ky. Acts ch. 47, sec. 31, effective June 26, 2007. — Amended 1998 Ky. Acts ch. 69, sec. 19, effective July 15, 1998. — Amended 1986 Ky. Acts ch. 374, sec. 8, effective July 15, 1986. — Amended 1974 Ky. Acts ch. 74, Art. II, sec. 9(1). — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4606a-1, 4606a-6.