Records shall be maintained for all receipts and disbursements from the fund and an annual audit of the transactions shall be conducted as part of the University of Kentucky annual audit at the end of each fiscal year. A quarterly financial report shall be prepared by the trustees and a copy of this report shall be submitted to the executive director of the Legislative Research Commission and to the Governor.
Effective: July 15, 1982

Terms Used In Kentucky Statutes 164A.815

  • 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.

History: Created 1982 Ky. Acts ch. 260, sec. 5, effective July 15, 1982.

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