CHAPTER 199 1
CHAPTER 199
( SB 133 )
AN ACT relating to the fiscal reporting of local entities.
Be it enacted by the General Assembly of the Commonwealth of Kentucky:
Section 1. KRS 65A.030 is amended to read as follows:
(1) For fiscal periods beginning on or after July 1, 2014, requirements relating to audits and financial statements
of special purpose governmental entities are as follows:
(a) Every special purpose governmental entity with the higher of annual receipts from all sources or annual
expenditures of less than five hundred thousand dollars ($500,000)[one hundred thousand dollars