SB91
WWW Version
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SB 91 (BR 1125) - M. Wilson
AN ACT relating to city financial accountability.
Amend KRS 91A.040, relating to city audits, to no longer require that paper copies of audits be sent to the Department for Local Government (DLG); increase the threshold for cities to have audits every other year from 1,000 persons to 2,000 persons; require the audit or financial statement, as applicable, to be transmitted to DLG no later than October 1 following the close of the fiscal year; maintain more stringent audit standards where may be required by law; allow enforcement of law by action in Circuit Court; create a process by which cities may apply to DLG for an extension of time to complete an audit or financial statement; set out a penalty for not completing an audit in a timely manner; amend KRS 424.220 to stipulate who the appropriate officer is to cause the publication of required financial statements; amend KRS 42.460 to conform; amend KRS 424.190 to conform to providing only an electronic copy of the audit report or financial statement to DLG.
AMENDMENTS
SFA1( M. Wilson ) - Amend Section 1 of the bill to stipulate that the audit conducted during every odd-numbered fiscal year includes both fiscal years since the prior audit; require that audit of local government economic assistance funds to be included in an annual or biennial audit as appropriate.
Jan 18, 2018 - introduced in Senate
Jan 19, 2018 - to State & Local Government (S)
Jan 31, 2018 - reported favorably, 1st reading, to Calendar
Feb 01, 2018 - 2nd reading, to Rules
Feb 02, 2018 - floor amendment (1) filed
Feb 05, 2018 - posted for passage in the Regular Orders of the Day for Tuesday, February 6, 2018
Feb 06, 2018 - 3rd reading, passed 37-0 with floor amendment (1)
Feb 07, 2018 - received in House
Feb 09, 2018 - to Local Government (H)
Feb 15, 2018 - posted in committee
Feb 21, 2018 - reported favorably, 1st reading, to Consent Calendar
Feb 22, 2018 - 2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Friday, February 23, 2018
Feb 23, 2018 - 3rd reading, passed 83-0
Feb 26, 2018 - received in Senate; enrolled, signed by President of the Senate; enrolled, signed by Speaker of the House; delivered to Governor
Mar 09, 2018 - signed by Governor (Acts, ch. 10)