KRS 212.520: Fiscal year -- Budget estimates.

The fiscal year of the board shall begin on July 1 of each year and shall end on June 30 of

the following year. It shall be the duty of the appointive members of the board, during or

before the month of May of each year, to prepare and certify to the fisca l court of the

county and to the legislative body of the city, for their joint consideration, a preliminary

budget showing the total funds which, in the judgment of the appointive members of the

board, will be needed for its various departments, together w ith a statement showing the

estimated balance, if any, which will be available on July 1 for expenditure during the

next fiscal year following the certification of said statement, and also indicating, as nearly

as may be possible, what additional funds or assets, other than appropriations, will be or

become available for expenditure during said year. The board shall also furnish to said

fiscal court and said legislative body any other information or data available to it, which

said fiscal court or said legislative body may request.