District Financial Reporting

Bond Debt

Published: 5/28/2026 1:05 PM

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This site provides administrative support to Kentucky school districts concerning “Bond Debt”.
 
​KRS 156.070(1) gives the Kentucky Board of Education the management and control of the common schools. KRS 156.200 and 156.210(1) require the Commissioner of Education to receives all reports and supervise all accounts of local boards of education, and to rectify any improper use of school funds. KRS 160.160, 162.080, 162.090, 162.100, 162.120, to 162.290, 162.300, and 162.385 establish methods and authorizations for school districts to finance capital construction projects through bonds. 702 KAR 3:020 establishes procedures for the approval of bond and bond anticipation note issues by school districts.

For detailed information on recording bond debt service, please refer to the “Accounting Guidance for Debt Service on Bonds and Capital Leases”. ​​​​

Please visit the School Facilities Construction Commission (SFCC)​ website for more information on bond sales
 
​For more information contact:​

​Steve Lyles
Office of Finance and Operations
Division of District Support
300 Sower Blvd., 4th Floor
Frankfort, KY 40601
(502) 564-3846 Ext. 4416
​Fax (502) 564-6771