19-2693. Reports, documentation and controls relating to coliseum funds; approval of contracts; bond.
19-2693
19-2693. Reports, documentation and controls relating to coliseum
funds; approval of contracts; bond.
Reports and documentation relating to all expenses paid by the director
from the funds established pursuant to K.S.A. 19-2691 and
19-2692 shall be filed with the county controller at least monthly. The
county department of administration shall devise adequate internal
controls and procedures for administering the funds, and such controls
and procedures shall be reviewed by an independent auditor. Each such
fund shall be audited at the same time as funds of the county are
audited and a report thereon shall be prepared for the county
commissioners.
All contracts of the director with independent shows or promoters
shall be approved by the board of county commissioners before the same
are valid and binding on either party.
The director shall secure a bond with a surety company authorized to
do business in Kansas in an amount required by the board of county
commissioners, but the amount of such bond shall not be less than one
hundred thousand dollars ($100,000).
History: L. 1978, ch. 98, § 3; July 1.