§ 23.002   ACCOUNTING RECORDS
   (A)   The city shall keep its accounting records and render financial reports in such a way as to:
      (1)   Determine compliance with statutory provisions;
      (2)   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; and
      (3)   Readily provide such financial data as may be required by the federal revenue sharing program.
   (B)   The city accounting system shall be organized and operated on a fund basis.
(KRS 91A.020)