109 KAR 15:020. County Budget Preparation and State Local Finance Officer Policy Manual.

109 KAR 15:020. County Budget Preparation and State Local Finance Officer Policy Manual.

RELATES TO: KRS 42.495, 43.070, 46.010, 46.020, 64.810, 64.840, 64.850, 65.7719, 65.900-65.925, 65.944, 66.045, 66.480, 67.075-67.077, 68.020, 68.210, 68.245, 68.250, 68.275, 68.280, 68.300, 686.350, 68.360, 91A.040(6), 132.010, 132.0225, 132.585, 149.590, 424.220, 424.230, 424.260, 441.135, 441.215, 441.235

STATUTORY AUTHORITY: KRS 46.010, 66.045(3), 68.210

NECESSITY, FUNCTION, AND CONFORMITY: KRS 46.010, 66.045(3), and 68.210 require uniform minimum requirements relating to budgeting, reporting and recordkeeping for debt, receipts, and disbursements for local governments and local government officials handling public funds. This administrative regulation establishes the standards for budgeting, reporting, and recordkeeping for debt, receipts, and disbursements for local governments and local government officials handling public funds.

Section 1. Applicability. (1) The County Budget Preparation and State Local Finance Officer Policy Manual contains, in part, a uniform system of accounts which shall be followed by all county officials.

(2) The County Budget Preparation and State Local Finance Officer Policy Manual also prescribes a uniform system of accounting and reporting on the receipt, use, and handling of public funds, other than taxes, due and payable to the state from county, district, and other local officers and agencies.

(3) The County Budget Preparation and Sate Local Finance Officer Policy Manual is partially advisory in nature to all local government officials since, pursuant to KRS 68.210, the accounts and operations of all local government officers are subject to examination by the State Local Finance Officer.

Section 2. Incorporation by Reference. (1) The "County Budget Preparation and State Local Finance Officer Policy Manual, October 2007," is incorporated by reference.

(2) This material may be inspected, copied, or obtained, subject to applicable copyright law, at the Governor’s Office for Local Development, 1024 Capital Center Drive, Suite 340, Frankfort, Kentucky 40601, Monday through Friday, 8 a.m. to 4:30 p.m. (26 Ky.R. 496; eff. 10-7-99; Am. 34 Ky.R. 616; 968; eff. 11-20-2007.)