KRS 424.220: Financial statements -- Contents -- Publication requirements -- Exempted

officers. (Effective July 15, 2026)

(1) Excepting officers who are exempted under subsection (8) of this section, every

public officer of any city, county, or distric t less than a county, or of any board,

commission, or other authority of a city, county, or district whose duty it is to

collect, receive, have the custody, control, or disbursement of any funds collected

from the public in any form shall, at the expiratio n of each fiscal year, prepare an

itemized, sworn statement of the funds collected, received, held, or disbursed by

him or her during the fiscal year just closed, unless he or she has complied with

KRS 424.230.

(2) The statement shall show:

(a) The total a mount of funds collected and received during the fiscal year from

each individual source; and

(b) The total amount of funds disbursed during the fiscal year to each individual

payee. The list shall include only aggregate amounts to vendors exceeding one

thousand dollars ($1,000).

(3) Only the totals of amounts paid to each individual as salary or commission and

public utility bills shall be shown. The amount of salaries paid to all nonelected

county employees shall be shown as lump -sum expenditures by category, including

but not limited to road department, jails, solid waste, public safety, and

administrative personnel.

(4) The financial reporting and publishing requirements for a school district are

provided in KRS 160.463.

(5) The officer shall procure and include in or attach to the financial statement, as a part

thereof, a certificate from the cashier or other proper officer of the banks in which

the funds are or have been deposited during the past year, showing the balance, if

any, of funds to the credit of the officer making the statement.

(6) To provide notice to the public that the city's financial statement has been

completed as required by this section, the appropriate officer of a city that has not

conducted an annual audit for the fiscal year under one (1) of the exceptions

provided in KRS 91A.040(2) or (3) shall publish a legal display advertisement of

not less than six (6) column inches in a newspaper qualified under KRS 424.120

that the statement required by subsection (1) of this section has bee n prepared and

that copies have been provided to each local newspaper of general circulation, each

news service, and each local radio and television station which has on file with the

city a written request to be provided a statement. The advertisement sha ll be

published within thirty (30) days after the submission of the financial statement to

the Department for Local Government under KRS 91A.040(2)(b) or (3)(a).

(7) To provide notice to the public that the county's financial statement has been

completed a s required by this section, the appropriate officer of a county shall

publish the county's audit, prepared in accordance with KRS 43.070 or 64.810, in

the same manner that city audits are published in accordance with KRS 91A.040(8).

(8) The provisions of this section shall not apply to officers of:

(a) A city of the first class;

(b) A county containing a city of the first class;

(c) A consolidated local government;

(d) An urban-county government;

(e) A city with a population equal to or greater than twenty thousand (20,000)

based upon the most recent federal decennial census;

(f) A city that has completed an audit pursuant to the provisions of KRS

91A.040(1) or (2)(a);

(g) A city that has completed an agreed-upon procedures engagement in

accordance with KRS 91A.044;

(h) A public agency or joint public agency of a:

1. City of the first class;

2. Consolidated local government; or

3. County containing a city of the first class; or

(i) A school district of a:

1. City of the first class;

2. Consolidated local government; or

3. County containing a city of the first class.