KRS 74.050: Treasurer -- Duties -- Compensation -- Bond.

The treasurer of the commission shall be the lawful custodian of the funds of the water

district and shall cause the funds to be disbursed according to procedures adopted by the

commission. The procedures shall include a requirement for approval of disburs ements

by a commissioner in addition to the treasurer. The treasurer shall cause to be maintained

a proper record of the receipts and disbursements of the water district in accordance with

the Uniform System of Accounts for utilities. In addition to the co mpensation for

commissioners as set out in KRS 74.020, as compensation for his or her services the

treasurer shall receive an amount fixed by the commission, not to exceed two hundred

dollars ($200) per year. The treasurer shall execute bond to the commiss ion in an amount

and with such surety as determined by the commission.