91A.020 Accounting records.
65 words·~1 min read·
/ky/chapter-91a/91a-020A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Each city shall keep its accounting records and render financial reports in such a
way as to:
(a)Determine compliance with statutory provisions; and
(b)Determine fairly and with full disclosure the financial operations of
constituent funds and account groups of the city in conformity with generally
accepted governmental accounting principles.
(2)Municipal accounting systems shall be organized and operated on a fund basis.