201.180 Fiscal year -- Annual statements of board -- Other information to be
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/ky/201-180A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
supplied.
(1)The fiscal year of the board shall begin on the first day of July in each year and end
on June 30 next following. During the month of May of each year the board shall
prepare and certify two
(2)financial statements to the fiscal court and the city
legislative body.
(2)One
(1)statement shall show the amount of money that the board estimates will be
needed for the ensuing fiscal year for expenditure under KRS 201.160, and set forth
in detail the sums needed for the different branches or departments of the
expenditures. This statement shall also show the estimated balances which will be
on hand at close of business June 30 of that year and available for expenditure
during the next succeeding fiscal year under KRS 201.160, and shall indicate as
nearly as possible any additional funds or assets, other than those derived from
appropriations, that will become available for expenditure during said fiscal year.
(3)The other statement shall set forth the estimated balances, inventories, funds, assets
and expenditures under KRS 201.170, in the same manner and detail as is required
in the statement described in subsection
(2)of this section.
(4)The board shall also furnish the fiscal court and city legislative body with any other
information or data available to it which the fiscal court or the legislative body may
request.