KRS 68.240: Proposed budget -- Contents -- Duties of fiscal court.

(1) The county judge/executive shall annually prepare a proposed budget for the

expenditure of all funds, including those from state and federal sources, which are

to be expended by the fiscal court in the next fiscal year. The proposed budget shall

be classif ied into budget units as outlined in subsection (2) of this section. In

addition to preparing a reasonable estimate of the funds actually needed for both

general and special purposes, the county judge/executive shall prepare an estimated

statement of recei pts to be anticipated from local, state and federal sources. The

county judge/executive shall submit the proposed budget and estimate of receipts to

the fiscal court by May 1 of each year.

(2) The fiscal court, at a meeting or meetings held not later than June 1 of each year,

shall make a detailed investigation of each separate activity of the county for which

the county judge/executive proposes that county funds are to be expended by the

fiscal court. All expenditures shall be classified into budget units as prescribed by

the state local finance officer, including but not limited to:

(a) General expenses of county government.

(b) Protection to persons and property.

(c) General health and sanitation.

(d) Social services.

(e) Recreation and culture.

(f) Transportation facilities and services.

(g) Debt service.

(h) Administration and miscellaneous.

(i) Jail operations.

(3) The county budget shall have a fund known as the "sinking fund principal account"

and a fund known as the "sinking fund interest account." T here shall be allocated

annually to the sinking fund principal account a sum equal to the proportional yearly

amount necessary to retire each bond issue of the county at maturity, and to the

sinking fund interest account a sum equal to the interest on bond ed indebtedness

payable during the current budget year.

(4) The county budget shall include such budget units as may be required by the

activities of the county. When necessary, the county budget may be subdivided into

separate budget funds so that the cos t of each class of expenditures can be

ascertained at any time and regulated according to the financial condition and needs

of the county.

(5) The funds set apart in the county budget for a budget unit, or any subdivision

thereof, shall constitute a separa te budget fund and shall be appropriated and

accounted for separately.

(6) The fiscal court shall comment upon the proposed budget, and may amend it

according to its desires pri or to the date when it is sent to the state local finance

officer according to the procedures of KRS 68.250.