Kentucky Revised Statutes Title XIII. Education § 157.410.Payments of funds to districts

(1) Determine, on or before May 1 of each year, the estimated allotment of school funds to which each district is entitled for the upcoming fiscal year under KRS 157.310 to 157.440. On July 1, August 1, and September 1 of each fiscal year, one-twelfth ( 1/12 ) of the estimated allotment shall be paid to each school district;

(2) Revise the estimated allotment on or before October 1 of each year. On October 1, November 1, December 1, January 1, February 1, and March 1 of each fiscal year, one-twelfth ( 1/12 ) of the revised estimated allotment shall be paid to each school district; and

(3) Determine, on or before March 1 of each year, the exact final amount of the common school funds to which each district is entitled for the fiscal year. The remainder of the amount due to each district for the fiscal year shall be distributed in equal installments on April 1, May 1, and June 1 of each fiscal year.