KRS 201.180: Fiscal year -- Annual statements of board -- Other information to be

supplied.

(1) The fiscal year of the board shall begin on the first day of July in each year and end

on June 30 next following. During the month of May of each year the board shall

prepare and certify two (2) financial statements to the fiscal court and the city

legislative body.

(2) One (1) statement shall show the amount of money that the board estimates will be

needed for the ensuing fiscal year for expenditure under KRS 201.160, and set forth

in detail the sums needed for the different branches or departments of the

expenditures. This statement shall also show the estimated balances which will be

on hand at close of business June 30 of that year and available for expenditure

during the next succeeding fiscal year under KRS 201.160, and shall indicate as

nearly as possible any additional funds or assets, other than those derived from

appropriations, that will become available for expenditure during said fiscal year.

(3) The other statement shall set forth the estimated balances, inventories, funds, assets

and expenditures under KRS 201.170, in the same manner and detail as is required

in the statement described in subsection (2) of this section.

(4) The board shall also furnish the fiscal court and city legislative body with any other

information or data available to it which the fiscal court or the legislative body may

request.