{"data":{"id":"us-ky/krs-68.240","jurisdiction":"us-ky","citation":"KRS 68.240","heading":"Proposed budget -- Contents -- Duties of fiscal court.","body":"(1) The county judge/executive shall annually prepare a proposed budget for the\nexpenditure of all funds, including those from state and federal sources, which are\nto be expended by the fiscal court in the next fiscal year. The proposed budget shall\nbe classif ied into budget units as outlined in subsection (2) of this section. In\naddition to preparing a reasonable estimate of the funds actually needed for both\ngeneral and special purposes, the county judge/executive shall prepare an estimated\nstatement of recei pts to be anticipated from local, state and federal sources. The\ncounty judge/executive shall submit the proposed budget and estimate of receipts to\nthe fiscal court by May 1 of each year.\n(2) The fiscal court, at a meeting or meetings held not later than June 1 of each year,\nshall make a detailed investigation of each separate activity of the county for which\nthe county judge/executive proposes that county funds are to be expended by the\nfiscal court. All expenditures shall be classified into budget units as prescribed by\nthe state local finance officer, including but not limited to:\n(a) General expenses of county government.\n(b) Protection to persons and property.\n(c) General health and sanitation.\n(d) Social services.\n(e) Recreation and culture.\n(f) Transportation facilities and services.\n(g) Debt service.\n(h) Administration and miscellaneous.\n(i) Jail operations.\n(3) The county budget shall have a fund known as the \"sinking fund principal account\"\nand a fund known as the \"sinking fund interest account.\" T here shall be allocated\nannually to the sinking fund principal account a sum equal to the proportional yearly\namount necessary to retire each bond issue of the county at maturity, and to the\nsinking fund interest account a sum equal to the interest on bond ed indebtedness\npayable during the current budget year.\n(4) The county budget shall include such budget units as may be required by the\nactivities of the county. When necessary, the county budget may be subdivided into\nseparate budget funds so that the cos t of each class of expenditures can be\nascertained at any time and regulated according to the financial condition and needs\nof the county.\n(5) The funds set apart in the county budget for a budget unit, or any subdivision\nthereof, shall constitute a separa te budget fund and shall be appropriated and\naccounted for separately.\n(6) The fiscal court shall comment upon the proposed budget, and may amend it\naccording to its desires pri or to the date when it is sent to the state local finance\nofficer according to the procedures of KRS 68.250.","path":["KRS Chapter 68"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=24086","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:30Z","sha256":"e2d0b180f809dc8467f00e6cdf092808f8644902708bcd98f92e9d7f7c409aca","source_id":"us-ky","stale":false,"prev":"us-ky/krs-68.230","next":"us-ky/krs-68.243"},"notice":"GroundRules: Original legal text. Not legal advice."}