Kentucky Statutes 41.280 – Unified and integrated system of accounts — Annual report by Treasurer
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(1) The Commonwealth of Kentucky shall maintain a unified and integrated system of accounts. As a part of any unified and integrated system of accounts:
(a) The Treasurer shall maintain the necessary records to exhibit accurately the
Treasury’s cash balance;
(b) The Finance and Administration Cabinet shall provide the Treasurer with accounting data that will accurately describe the Commonwealth’s financial condition, including access to information necessary to determine the status of each receipt and expenditure account;
(c) The Treasurer shall keep a record of each depository, showing the amount deposited and the date, and the amount checked out and the date; and
(d) The Treasurer shall provide the Finance and Administration Cabinet with information regarding accumulated receipts and the status of warrants.
(2) The Treasurer shall make a clear, distinct, and intelligible report of all money received and disbursed during each fiscal year showing the receipts and expenditures of each year on account of every department of the public service, the name of each state depository, and the rate of interest paid by it. The report shall be published annually, and the Treasurer shall submit the report to the Governor, the Chief Justice, and the Legislative Research Commission ninety (90) days after the close of the fiscal year.
Effective: June 29, 2021
History: Amended 2021 Ky. Acts ch. 155, sec. 15, effective June 29, 2021. — Amended
1974 Ky. Acts ch. 74, Art. II, sec. 9(1). — Amended 1968 Ky. Acts ch. 119, sec. 9. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4697.
(a) The Treasurer shall maintain the necessary records to exhibit accurately the
Terms Used In Kentucky Statutes 41.280
- 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.
- report: means any written method of transporting data. See Kentucky Statutes 41.010
- State depository: means any bank designated to take custody of state funds on deposit pursuant to KRS §. See Kentucky Statutes 41.010
- Year: means calendar year. See Kentucky Statutes 446.010
Treasury’s cash balance;
(b) The Finance and Administration Cabinet shall provide the Treasurer with accounting data that will accurately describe the Commonwealth’s financial condition, including access to information necessary to determine the status of each receipt and expenditure account;
(c) The Treasurer shall keep a record of each depository, showing the amount deposited and the date, and the amount checked out and the date; and
(d) The Treasurer shall provide the Finance and Administration Cabinet with information regarding accumulated receipts and the status of warrants.
(2) The Treasurer shall make a clear, distinct, and intelligible report of all money received and disbursed during each fiscal year showing the receipts and expenditures of each year on account of every department of the public service, the name of each state depository, and the rate of interest paid by it. The report shall be published annually, and the Treasurer shall submit the report to the Governor, the Chief Justice, and the Legislative Research Commission ninety (90) days after the close of the fiscal year.
Effective: June 29, 2021
History: Amended 2021 Ky. Acts ch. 155, sec. 15, effective June 29, 2021. — Amended
1974 Ky. Acts ch. 74, Art. II, sec. 9(1). — Amended 1968 Ky. Acts ch. 119, sec. 9. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4697.