74.240 Record of expenses to be kept -- Apportionment of expenses -- Financial
175 words·~1 min read·
/ky/74-240A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
report to consumers -- Books to be open for inspection.
(1)The commission shall keep an account of the time spent by all employees, and each
item of expense incurred in connection with any water district, and shall charge
such account to the district for which the expense was incurred. Where the time or
work is upon more than one
(1)district at the same time, it shall be apportioned
between the districts. In the event any compensation fixed by the commission for
any employee is on a salary basis, such salary shall be equitably apportioned
between the districts by the commission.
(2)The commission shall be required to prepare and make available, to the consumers
of the water supplied by any water district, an annual statement of receipts and
disbursements; and any floating or bonded indebtedness. This report shall show the
cost of water, material, labor, other salaries and any other expenses incidental to the
operation and maintenance.
(3)All books of the commission shall be open for public inspection during normal
business hours.