KRS 91A.030: Annual budget.

(1) Each city shall operate under an annual budget ordinance adopted and administered

in accordance with the provisions of this section. Notwithstanding any other

provision of law, no city shall expend any moneys from any governmental or

proprietary fund, except in accordance with a budget ordinance adopted pursuant to

this section.

(2) Moneys held by a city as a trustee or agent for individuals, private organizations, or

other governmental units need not be included in the budget ordinance.

(3) If, in any fiscal year subsequent to a fiscal year in which a city has adopted a budget

ordinance in accordance with this section, no budget ordinance is adopted, the

budget ordinance of the previous fiscal year shall have full force and effect as if

readopted.

(4) The budget ordinance of a city shall cover one (1) fiscal year.

(5) Preparation of the budget proposal shall be the responsibility of the executive

authority of the city in cities operating pursuant to KRS Chapter 83, KRS 83A.130

or 83A.140 or the city manager in cities operating pursuant to KRS 83A.150.

(6) The budget proposal shall be prepared in the form and detail as is prescribed by

ordinance.

(7) The budget proposal together with a budget message shall be submitted to the

legislative body not later than th irty (30) days prior to the beginning of the fiscal

year it covers. The budget message shall contain an explanation of the governmental

goals fixed by the budget for the coming fiscal year; explain important features of

the activities anticipated in the bu dget; set forth the reasons for stated changes from

the previous year in program goals, programs, and appropriation levels; and explain

any major changes in fiscal policy.

(8) (a) The legislative body shall adopt a budget ordinance making appropriations for

the fiscal year in such sums as the legislative body finds sufficient and proper,

whether greater or less than the sums recommended in the budget proposal.

The budget ordinance may be in any form that the legislative body finds most

efficient in enabling it to make the necessary fiscal policy decisions.

(b) No budget ordinance shall be adopted which provides for appropriations to

exceed revenues in any one (1) fiscal year in violation of Section 157 of the

Kentucky Constitution.

(9) The full amount estima ted to be required for debt service during the budget year

shall be appropriated for all governmental fund types.

(10) The city legislative body may amend the budget ordinance after the ordinance's

adoption, if the amended ordinance continues to satisfy th e requirements of this

section.

(11) Administration and implementation of an adopted budget ordinance shall be the

responsibility of the executive authority of the city. That responsibility shall include

the preparation and submission to the legislative bo dy of operating statements

which shall include budgetary comparisons of each governmental fund for which an

annual budget has been adopted. These reports shall be submitted not less than once

every three (3) months in each fiscal year.

(12) To the extent practical, the system utilized in the administration and implementation

of the adopted budget ordinance shall be consistent in form with the accounting

system called for in KRS 91A.020.

(13) No city agency, or member, director, officer, or em ployee of a city agency, may

bind the city in any way to any extent beyond the amount of money at that time

appropriated for the purpose of the agency. All contracts, agreements, and

obligations, express or implied, beyond existing appropriations are void; nor shall

any city officer issue any bond, certificate, or warrant for the payment of money by

the city in any way to any extent beyond the unexpended balance of any

appropriation made for the purpose.