(A) The expenditures of the City Planning Commission shall be within the amount appropriated for the purpose by the City Council.
(B) The Council may appropriate out of the General Fund for the expenses and accommodations necessary for the work of the Commission. The Commission shall have the right to receive, hold, and spend funds which it may legally receive from any and every source, both in and out of the state, including the United States government, for the purpose of carrying out its powers and duties. All bylaws shall describe the method for administration of such funds. An annual audit shall be performed as to all receipts, expenditures, and funds, if any such receipts, expenditures, or funds are received by the Commission, by the auditor of public accounts or an independent certified public accountant. The report of every audit, including financial statements, shall be kept in the same manner as prescribed in Chapter 34 for other public records. Every independently budgeted planning commission shall annually publish a financial statement, pursuant to the requirements set forth in KRS Chapter 424.
(KRS 100.177) (‘71 Code, § 33.03)