| Last Action | 03/25/19: signed by Governor (KY Acts ch. 091) |
|---|---|
| Title | AN ACT relating to local financial reporting. |
| Bill Documents |
Acts Chapter 91
Current/Final Introduced |
| Fiscal Impact Statement | Local Mandate |
| Bill Request Number | 1536 |
| Sponsor | M. Wilson |
| Summary of Original Version | Amend KRS 91A.040 to move the date cities with populations greater than 2,000 are required to forward a copy of their audit report to the Department for Local Government to no later than March 1 immediately following the fiscal year being audited; allow cities with populations equal to or less than 1,000 to have an audit performed every other fiscal year and have the audit only encompass that single year and allow the electronic copy to be sent by March 1 following the fiscal year being audited; allow cities with populations exceeding 1,000 but less than 2,000 have an audit be performed every other year and have the audit encompass both years and allow the electronic copy to be sent by March 1 following the fiscal year being audited; amend KRS 424.220 to relocate language dealing with officers who are exempt from presenting financial statement; stipulate that every officer of a board, commission, or other authority of a city, county, or district who deals with any funds collected from the public prepares a report as prescribed in the section; require that in order to provide notice to the public of the completion of the city's financial statement, the appropriate officer of the city performing an audit publishes the audit report in accordance with KRS 91A.040(9) and the appropriate officer of a city not conducting an annual audit for the fiscal year under exemptions, publish a legal display advertisement and provide financial statements to various media; require the appropriate officers in counties to publish the audit in the same manner that city audits are published; amend KRS 42.460 to conform. |
| Index Headings of Original Version |
Education, Elementary and Secondary - Financial information, when and by whom to be published Financial Responsibility - Cities, audits, frequency and scope Financial Responsibility - Local government financial reporting, when and by whom to be published Local Government - Cities, audits, frequency and scope Local Government - Financial information, when and by whom to be published Public Officers and Employees - Local government financial reporting, when and by whom to be published Local Mandate - Local government financial reporting, when and by whom to be published Audits and Auditors - Cities, audits, frequency and scope Cities - Audits, frequency and scope Cities - Financial information, when and by whom to be published Cities, First Class - Financial information, when and by whom to be published Cities, Home Rule Class - Financial information, when and by whom to be published Counties - Financial information, when and by whom to be published Counties with Cities of the First Class - Financial information, when and by whom to be published |
| Votes | Vote History |
| 02/12/19 |
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| 02/14/19 |
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| 02/20/19 |
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| 02/21/19 |
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| 02/25/19 |
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| 02/26/19 |
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| 02/27/19 |
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| 02/28/19 |
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| 03/06/19 |
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| 03/07/19 |
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| 03/12/19 |
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| 03/13/19 |
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| 03/25/19 |
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Last updated: 11/9/2023 3:07 PM (EST)