{"data":{"id":"us-ky/krs-91a.020","jurisdiction":"us-ky","citation":"KRS 91A.020","heading":"Accounting records.","body":"(1) Each city shall keep its accounting records and render financial reports in such a\nway as to:\n(a) Determine compliance with statutory provisions;\n(b) Determine fairly and with full disclosure the financial operations of\nconstituent funds and account groups of the city; and\n(c) Conform with generally accepted governmental accounting principles, except\ncities receiving and expending, from all sources and for all purposes, less than\nfifteen million dollars ($15,000,000) may choose to conform with the cash or\nthe modified cash basis of accounting.\n(2) Municipal accounting systems shall be organized and operated on a fund basis.","path":["KRS Chapter 91A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=57561","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:49Z","sha256":"3abf08c161b67fd263107d07543f45dc24b7f09611385fc9d419df2eb8a12ba7","source_id":"us-ky","stale":false,"prev":"us-ky/krs-91a.010","next":"us-ky/krs-91a.030"},"notice":"GroundRules: Original legal text. Not legal advice."}