KRS 48.800: Fiscal reporting to branches of government -- Annual financial and

program status reports.

The Finance and Administration Cabinet shall prepare and submit to each branch of

government:

(1) Within ten (10) days after the close of each month copies of th e accounts of the

budget units of that branch of government with the appropriations and allotments in

favor of its budget units and the balances as of the beginning and end of that month.

(2) Within ten (10) days after the close of each month, prepare and transmit to each

branch of government a report embodying a summary statement of the actual

financial condition of each fund of the major fund groups as of the close of the

previous month, a summary statement showing the receipts and payments of each

such fund for the previous month and for the current fiscal year to the close of the

previous month, a summary budget statement for each such fund showing the

available cash balance as of the end of the previous month, the amount of cash

estimated to be realized from each source during the remaining months of the fiscal

year, the total means of financing, the amount of the unallotted balances of all

appropriations, the estimated amount of unliquidated commitments, and the

estimated cash surplus or deficit.

(3) Within ninety (90) days of the close of a fiscal year, file with each branch of

government a complete report of the financial transactions of the preceding fiscal

year and of the financial condition of the Commonwealth as of the end of that fiscal

year, with such comments and supplementary data necessary to make the report

complete and easy to understand.

(4) Each branch of government shall publish a financial and program status report,

within ninety (90) days of the close of a fiscal year, detailing for that period,

activities, appropriations, allotments, expenditures, receipts, transfers,

encumbrances and available balances of each budget unit of the branch, and an

explanation of the programs and services provided by the branch.

(5) In order to effectuate th e budget review function of the General Assembly, each

branch of government shall make available, on a continuing basis, records which

detail activities, appropriations, allotments, expenditures, receipts, transfers,

encumbrances and available balances of each budget unit of the branch. Such

records shall be made available in the form necessary to facilitate their read only

accession by means of electronic data processing procedures employed by the

Legislative Research Commission.