SB 192 KY

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Became Law

Amend KRS 91A.020 to allow cities bringing in or expending less than $15 million to conform to cash, modified accrual, or budgetary basis of accounting rather than generally accepted governmental accounting principles; amend KRS 91A.040 to allow cities bringing in or expending less than $500,000 to perform an agreed-upon procedures engagement for the fifth fiscal year in which the city remains in that fiscal category, and require cities conducting an audit to contract with an auditor to examine the basic financial statements that include financial statements prepared under the basis of accounting used by the city; require each city to publish an advertisement containing a budget-to-actual comparison schedule for the general fund and remove the publication requirement for copies be available at no cost; require the city to make a copy of the audit report available to the Auditor of Public Accounts; amend KRS 424.220 to make conforming amendments and require a city to publish a financial statement within 30, rather than 90 days after submission to the Department for Local Government; exempt from the publication requirements officers of cities that have completed an audit under KRS 91A.040 and cities that have completed an agreed-upon procedures engagement; create a new section of KRS Chapter 91A to allow cities to complete an agreed-upon procedures engagement with the Auditor of Public Accounts or a certified public accountant rather than an audit if the city meets certain requirements; establish standards for the agreed-upon procedures engagement process; establish reporting, advertising and access requirements; direct that the Department for Local Government may permit a city to use this process under certain circumstances when the city has not completed and reported an audit for 2 or more fiscal years.

• A. Mays Bledsoe Republican · primary
• S. Madon Republican · primary

1. Feb 12, 2026 introduced in Senate · upper
2. Feb 12, 2026 to Committee on Committees (S) · upper
3. Feb 23, 2026 to State & Local Government (S) · upper
4. Feb 25, 2026 reported favorably, 1st reading, to Calendar with Committee Substitute (1) · upper
5. Feb 26, 2026 2nd reading, to Rules · upper
6. Feb 27, 2026 posted for passage in the Regular Orders of the Day for Monday, March 02 2026 · upper
7. Mar 2, 2026 3rd reading, passed 37-0 with Committee Substitute (1) · upper
8. Mar 3, 2026 received in House · lower
9. Mar 3, 2026 to Committee on Committees (H) · lower
10. Mar 19, 2026 to Local Government (H) · lower
11. Mar 24, 2026 reported favorably, 1st reading, to Calendar · upper
12. Mar 25, 2026 2nd reading, to Rules · upper
13. Mar 25, 2026 posted for passage in the Regular Orders of the Day for Thursday, March 26 2026 · upper
14. Mar 26, 2026 floor amendments (1) and (2-title) filed · upper
15. Mar 27, 2026 3rd reading, passed 95-0 with Floor Amendment (1) and Floor Amendment (2-title) · upper
16. Mar 27, 2026 received in Senate · upper
17. Mar 27, 2026 to Rules (S) · upper
18. Mar 31, 2026 posted for passage for concurrence in House Floor Amendments (1) and (2-title) · upper
19. Mar 31, 2026 Senate concurred in Floor Amendment (1) and Floor Amendment (2-title) · upper
20. Mar 31, 2026 passed 36-0 · upper
21. Mar 31, 2026 enrolled, signed by President of the Senate · upper
22. Mar 31, 2026 enrolled, signed by Speaker of the House · lower
23. Mar 31, 2026 delivered to Governor · upper
24. Apr 10, 2026 signed by Governor (Acts Ch. 91) · upper