65.905 Local governments required to file uniform financial information report -- Use of report by Department for Local Government. - Kentucky Statutes

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65.905 Local governments required to file uniform financial information report -- Use of report by Department for Local Government. (1) Except as otherwise provided in subsection (2) of this section, each local government as defined in KRS 65.900 shall annually, after the close of the fiscal
year, complete a uniform financial information report. The report shall be submitted
to the Department for Local Government by May 1 immediately following the close
of the fiscal year. The Department for Local Government shall immediately send
one (1) copy of the uniform financial information report to the Legislative Research
Commission to be used for the purposes of KRS 6.955 to 6.975. (2) The final quarterly report filed by a county within fifteen (15) days after the end of the last quarter of the fiscal year, in accordance with KRS 68.360(2), shall be
deemed the uniform financial information report for that county for purposes of
compliance with KRS 65.900 to 65.925. (3) Each city may have the uniform financial information report completed by its selected auditor as part of the terms and conditions of the written agreement
between the city and the auditor in accordance with KRS 91A.040. Each county
may have the uniform financial information report completed by its auditor selected
in accordance with KRS 43.070 or 64.810. Each special district may have the
uniform financial information report completed by its auditor selected in accordance
with KRS 65.065. If a city does not use the auditor to complete the uniform
financial information report, it shall by order designate an elected or nonelected
official to be responsible for annually completing the report and submitting it to the
Department for Local Government. If a local government has any agency, board, or
commission that receives any funding from the local government, but conducts its
operations on an autonomous or semi-autonomous basis, the local government shall
note on the uniform financial information report the name of the agency, board, or
commission; the mailing address of the agency, board, or commission; and the
dollar amount annually appropriated by the local government to the agency, board,
or commission. (4) The Department for Local Government shall by administrative regulation prescribe the format of the uniform financial information report, and shall attempt to
coordinate and combine efforts with the United States Bureau of the Census in the
development of the format of the uniform financial information report so that a
single report will meet the needs of both agencies and fulfill the requirements of
KRS 65.900 to 65.925. Regardless of any agreement between the Department for
Local Government and the United States Bureau of the Census, the Department for
Local Government shall maintain responsibility for assuring that a uniform financial
information report is distributed to each local government as soon as practicable
after the close of each fiscal year, but in no event later than one hundred twenty
(120) days prior to the required submission date of May 1. (5) The Department for Local Government shall use the uniform financial information report to replace as many financial information forms as possible that local
governments are currently required to complete and submit to that office for use by either the state or federal governments, by consolidating the required information
into the uniform report. Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 117, sec. 55, effective July 15, 2010. -- Amended 2007 Ky. Acts ch. 20, sec. 2, effective June 26, 2007; and ch. 47, sec. 48, effective
June 26, 2007. -- Amended 1998 Ky. Acts ch. 69, sec. 35, effective July 15, 1998;
and ch. 186, sec. 1, effective July 15, 1998. -- Amended 1996 Ky. Acts ch. 321,
sec. 2, effective July 15, 1996. -- Amended 1992 Ky. Acts ch. 33, sec. 6, effective
July 14, 1992. -- Created 1990 Ky. Acts ch. 47, sec. 2, effective July 13, 1990.