KRS 160.463: School district financial disclosure website -- Publication of financial

statement and school report card.

(1) The local board of education of each school district shall direct its superintendent to

publish on the school district's main websi te a link to a district financial disclosure

website that contains:

(a) The following financial reports to be published monthly for the previous

month:

1. The accounts payable invoice vendor report;

2. The accounts payable check reconciliation report;

3. The balance sheet;

4. The vendor payment report from the start of the fiscal year to the date of

the report;

5. The monthly financial report required under KRS 160.431; and

6. If the school district's budget reserve is below four percent (4%) of the

total budget:

a. A summary of any purchases made through a district procurement

card; and

b. Credit card statements;

(b) The following:

1. The employment contract of the superintendent, including any

appendices;

2. Within five (5) days of approval by the local board of education, any

amendments to the contract of the superintendent;

3. A link to the Kentucky Department of Education's website on school

district personnel information, including superintendent compensation;

and

4. Upon separation of the superintendent:

a. The gross salary paid to the superintendent during the

superintendent's final fiscal year;

b. The total sick leave days accumu lated by the superintendent

immediately prior to separation and the amount paid to the

superintendent for the accumulated sick leave days upon

separation; and

c. The total annual and personal days accumulated by the

superintendent immediately prior to sepa ration and the amount

paid to the superintendent for the accumulated annual and personal

leave days upon separation;

(c) The following annual reports:

1. By January 1 of each year, a report detailing any other compensation

provided to the superintendent du ring the past year beyond what is

reported under paragraph (b) of this subsection;

2. Upon receipt by the district under KRS 156.275, the district's

independent financial audit report; and

3. Upon adoption under KRS 160.461, the district's working budget; and

(d) The reports required under KRS 160.431.

(2) (a) The local board of education of each school district shall direct its

superintendent to publish the complete annual financial statement and the

school report card annually:

1. In the newspaper of the largest general circulation in the county;

2. Electronically on a website of the school district; or

3. By printed copy at a prearranged site at the main branch of the public

library within the school district.

(b) If publication on a website of the school district or by printed copy at the

public library is chosen, the superintendent shall be directed to publish

notification in the newspaper of the largest circulation in the county as to the

location where the document can be viewed by the public.

(c) The notification shall include the address of the library or the electronic

address of the website where the documents can be viewed.

(d) Each system's financial statements shall be prepared and presented on a basis

consistent with that of the other systems.