212.540 Budget. - Kentucky Statutes

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212.540 Budget. (1) When the respective appropriations have been duly made by the city and county and an estimate of the amount of moneys that the board will receive from appropriations
and from any and all other sources, for a fiscal year has been made, the board shall
prepare and certify to the fiscal court of the county and the legislative body of the
city for their approval, a revised financial budget setting forth the total amounts of
funds available from all sources for expenditures during the board's fiscal year, and
also setting forth, in as great detail as possible with respect to each administrative
division, the estimated expenditures of the board for the said fiscal year. (2) A contingent fund for unanticipated expenditures may, with the approval of the fiscal court of the county and the legislative body of the city, be established in order
to provide for such contingent and unanticipated needs as may arise during the
board's said fiscal year and to supplement allotments to divisions which may require
the same. The board, as nearly as may be practicable, shall make all disbursements
and expenditures in each fiscal year in conformity with the revised budget
allotments; but in the event of an emergency the board may, with the approval of the
county judge/executive and the mayor of the city, reduce, withhold or transfer from
one division to another, funds or assets so allotted. Effective: June 17, 1954
History: Amended 1954 Ky. Acts ch. 168, sec. 4, effective June 17, 1954. -- Created 1942 Ky. Acts ch. 41, sec. 14.