District Financial Reporting


Published: 9/20/2023 1:40 PM


This site provides administrative support to the Kentucky school districts concerning “Bond Debt”. On the bottom of this site there are links provided that will direct you to a separate web page where you will find all the information, forms and instructions for the “Bond of Depository” and the “Fidelity Bonds” along with the contact information. 
Under the provisions of KRS 156.070, the Kentucky Board of Education has set regulations governing the issuance of capital construction and renovation bonds and school revenue bonds. KRS 162.080 to 162.300 set forth the methods and authorization for school districts to finance capital construction projects and to issue refunding bonds. 702 KAR 3:020 sets out the factors to be included in determining the level of debt that can be supported by a school district and requires the Commissioner of Education to disapprove the sale of any school revenue bond issue which he deems to be financially unsound. The school districts' Working Budgets, submitted annually, are reviewed under KRS 160.470 to determine that the proper amounts are budgeted for the payment of principal and interest on any revenue bond debt. If the proper amount is not budgeted, a revised budget is required to be submitted.

Please visit the School Facilities Construction Commission (SFCC)​ website for more information on bond sales
Please refer to the Accounting Guidance for Debt Service on Bonds and Capital Leases document that provides detailed instructions on how to record bond debt service. 
The District Debt Service Reports listed below are used in determining the bonding potential of each school district. This report consist of each districts’ total annual debt service for 20 years based on the point in time in which the reports were generated.  The districts pay their total annual debt service by using various revenue sources such as building fund, capital outlay, general fund, and/or federal rebates. 
Please contact Jeff Coulter relating to Revenue Bond Sales and Refunding Bond Sales.
For more information contact:
Jeff Coulter
Office of Finance and Operations
Division of District Support
300 Sower Blvd, 4th Floor
Frankfort, KY 40601
Phone: 502-564-3846 x4459

  • Normal Font Size