Kentucky Statutes 65A.080 – Annual budget — Publication of information
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(1) The governing body of each special purpose governmental entity shall annually adopt a budget conforming with the requirements established under KRS § 65A.020 prior to the start of the fiscal year to which the budget applies. The adopted budget may be amended by the governing body of the special purpose governmental entity throughout the fiscal year using the same process that was used for adoption of the original budget. No moneys shall be expended from any source except as provided in the originally adopted or subsequently amended budget.
(2) In lieu of the publication requirements of KRS § 424.220, but in compliance with other applicable provisions of KRS Chapter 424, each special purpose governmental entity shall, within sixty (60) days after the close of each fiscal year, publish the location where the adopted budget, financial statements, and most recent audit or attestation engagement reports may be examined by the public.
Effective: March 19, 2014
History: Amended 2014 Ky. Acts ch. 7, sec. 4, effective March 19, 2014. — Created
2013 Ky. Acts ch. 40, sec. 8, effective March 21, 2013.
Legislative Research Commission Note (3/19/2014). 2014 Ky. Acts ch. 7, sec. 11 provides that the amendments to this statute made in 2014 Ky. Acts ch. 7, sec. 4, shall apply retroactively beginning January 1, 2014.
(2) In lieu of the publication requirements of KRS § 424.220, but in compliance with other applicable provisions of KRS Chapter 424, each special purpose governmental entity shall, within sixty (60) days after the close of each fiscal year, publish the location where the adopted budget, financial statements, and most recent audit or attestation engagement reports may be examined by the public.
Terms Used In Kentucky Statutes 65A.080
- 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.
- Special purpose governmental entity: shall include entities meeting the requirements established by paragraph (a) of this subsection, whether the entity is formed as a nonprofit corporation under KRS Chapter 273, pursuant to an interlocal cooperation agreement under KRS §. See Kentucky Statutes 65A.010
- Statute: A law passed by a legislature.
- Year: means calendar year. See Kentucky Statutes 446.010
Effective: March 19, 2014
History: Amended 2014 Ky. Acts ch. 7, sec. 4, effective March 19, 2014. — Created
2013 Ky. Acts ch. 40, sec. 8, effective March 21, 2013.
Legislative Research Commission Note (3/19/2014). 2014 Ky. Acts ch. 7, sec. 11 provides that the amendments to this statute made in 2014 Ky. Acts ch. 7, sec. 4, shall apply retroactively beginning January 1, 2014.