Kentucky Revised Statutes Title IX. Counties, Cities, and Other Local Units § 95.920.Custodian of assets; duties

(a) Physical safekeeping of all securities;

(b) Collection of all income;

(c) Effecting all principal and income transactions;

(d) Maintenance of a complete set of accounting records, including reporting to the board and participants on the assets, earnings and activity of each pool of the fund on a monthly basis, and reporting individual assets, earnings and activity to each participant on a monthly basis;

(e) Making principal payments to participants no later than forty-five (45) days after receipt of a request; and

(f) Making available earnings to participants on a monthly basis, or returning earnings to the fund for reinvestment as directed by the participant.

(a) Make disbursements for the participant; and

(b) Prepare reports to beneficiaries or units of government.