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91A.020 Accounting records.

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91A.020 Accounting records. (1) Each city shall keep its accounting records and render financial reports in such a way as to: <br>(a) Determine compliance with statutory provisions; and <br>(b) Determine fairly and with full disclosure the financial operations of constituent funds and account groups of the city in conformity with generally <br>accepted governmental accounting principles. (2) Municipal accounting systems shall be organized and operated on a fund basis. Effective: July 14, 2000 <br>History: Amended 2000 Ky. Acts ch. 208, sec. 1, effective July 14, 2000. -- Created 1980 Ky. Acts ch. 232, sec. 2, effective July 15, 1980.