§ 33.02  ACCOUNTING RECORDS AND FINANCIAL REPORTS.
   (A)   The city shall keep its accounting records and render financial reports in such a way as to:
      (1)   Determine compliance with statutory provisions; and
      (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
   (B)   The municipal accounting system shall be organized and operated on a fund basis. 
(KRS 91A.020)