KRS 74.240: Record of expenses to be kept -- Apportionment of expenses -- Financial

report to consumers -- Books to be open for inspection.

(1) The commission shall keep an account of the time spent by all employees, and each

item of expense incurred in connection with any water district, and shall charge

such account to the district for which the expense was incurred. Where the time or

work is upon more than one (1) district at the same time, it shall be apportioned

between the districts. In the event any compensa tion fixed by the commission for

any employee is on a salary basis, such salary shall be equitably apportioned

between the districts by the commission.

(2) The commission shall be required to prepare and make available, to the consumers

of the water suppli ed by any water district, an annual statement of receipts and

disbursements; and any floating or bonded indebtedness. This report shall show the

cost of water, material, labor, other salaries and any other expenses incidental to the

operation and maintenance.

(3) All books of the commission shall be open for public inspection during normal

business hours.