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§ 33.04 ANNUAL AUDIT.
   (A)   The examination of the city’s financial reports and records shall be performed by an independent public accountant as soon as practicable after the close of each fiscal year but not later than February 1 immediately following the fiscal year being audited.
   (B)   The auditor shall be required to:
      (1)   Examine the balance sheets of all governmental, proprietary and fiduciary funds;
      (2)   Include in the annual audit an examination of local government economic assistance funds granted to the city under KRS 42.450 to 42.495. The auditor shall include a certification with the annual audit report that the funds were expended for the purposes intended;
      (3)   Conduct the audit in accordance with generally accepted governmental auditing standards and if the audit is to cover the use of state or federal funds, appropriate state or federal guidelines shall be used;
      (4)   Prepare a typed or printed report with his or her opinions and embodying the city’s financial statements;
      (5)   Express an opinion over whether the financial statements present fairly the financial condition of the city or his or her reason why they do not;
      (6)   Provide two additional copies of the audit to be sent to the Department for Local Government for information purposes; and
      (7)   The audit shall be published as required by KRS 91A.040 and in accordance with KRS Chapter 424.
(1992 Code, § 33.04)
§ 33.05 DEPOSIT OF RECEIPTS; DISBURSEMENT OF FUNDS.
   (A)   All receipts from any source of city money or money for which the city is responsible which has not been otherwise invested or deposited in a manner authorized by law, shall be deposited in those banks or federally insured savings and loan companies which have been designated by the Mayor as the city’s official depositories.
   (B)   All city funds shall be disbursed by written authorization approved by the Mayor, or his or her designate, which shall state the name of the person to whom funds are payable, the purpose of the payment, and the fund out of which the funds are payable. Each authorization shall be numbered and recorded.
(1992 Code, § 33.05)
§ 33.06 MUNICIPAL ROAD AID FUNDS.
   Prior to spending any municipal road aid funds, the city shall comply with the requirements of KRS 174.100 and any spending shall be consistent with the requirements of KRS 177.320 to KRS 177.369 and all other applicable statutes and regulations.
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