48.800 Fiscal reporting to branches of government -- Annual financial and
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/ky/48-800A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
program status reports. The Finance and Administration Cabinet shall prepare and submit to each branch of government:
(1)Within ten
(10)days after the close of each month copies of the accounts of the
budget units of that branch of government with the appropriations and allotments in
favor of its budget units and the balances as of the beginning and end of that month.
(2)Within ten
(10)days after the close of each month, prepare and transmit to each
branch of government a report embodying a summary statement of the actual
financial condition of each fund of the major fund groups as of the close of the
previous month, a summary statement showing the receipts and payments of each
such fund for the previous month and for the current fiscal year to the close of the
previous month, a summary budget statement for each such fund showing the
available cash balance as of the end of the previous month, the amount of cash
estimated to be realized from each source during the remaining months of the fiscal
year, the total means of financing, the amount of the unallotted balances of all
appropriations, the estimated amount of unliquidated commitments, and the
estimated cash surplus or deficit.
(3)Within ninety
(90)days of the close of a fiscal year, file with each branch of
government a complete report of the financial transactions of the preceding fiscal
year and of the financial condition of the Commonwealth as of the end of that fiscal
year, with such comments and supplementary data necessary to make the report
complete and easy to understand.
(4)Each branch of government shall publish a financial and program status report,
within ninety
(90)days of the close of a fiscal year, detailing for that period,
activities, appropriations, allotments, expenditures, receipts, transfers,
encumbrances and available balances of each budget unit of the branch, and an
explanation of the programs and services provided by the branch.
(5)In order to effectuate the budget review function of the General Assembly, each
branch of government shall make available, on a continuing basis, records which
detail activities, appropriations, allotments, expenditures, receipts, transfers,
encumbrances and available balances of each budget unit of the branch. Such
records shall be made available in the form necessary to facilitate their read only
accession by means of electronic data processing procedures employed by the