Kansas Statutes 12-2831. Same; financial statements
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Terms Used In Kansas Statutes 12-2831
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: means the transit board created by this act. See Kansas Statutes 12-2802
- City: means the city of Topeka, Kansas. See Kansas Statutes 12-2802
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
As soon after the end of each fiscal year as may be expedient, the board shall cause to be prepared and printed a complete and detailed report and financial statement of its operation and of its assets and liabilities. A reasonable sufficient number of copies of such report shall be printed for distribution to persons interested and copies of such report shall be filed with the city clerk of the governing body adopting this act.