Kentucky Revised Statutes Title XIII. Education § 160.431.School finance officer; certification requirements; continuing education; financial reports

(2) (a) A person initially employed as a school finance officer on or after July 1, 2015, shall obtain certification from the Department of Education prior to holding the position and entering the duties of the position of school finance officer.

(b) The Kentucky Board of Education shall promulgate administrative regulations to prescribe the criteria and procedures to be used in the certification process for a school finance officer.

(c) The administrative regulations promulgated under this subsection shall specify:

(a) The topics of continuing education;

(b) Qualifications for continuing education providers;

(c) Consequences for failure to meet the continuing education requirement; and

(d) Requirements for reinstatement of school finance officer certification.

(4) (a) The finance officer shall present a detailed monthly financial report for board approval to include the previous month's revenues and expenditures of the district. The monthly report shall be posted on the district's Web site for a minimum of six (6) months after its approval.

(b) Within six (6) months following the end of each fiscal year, the finance officer shall submit to the Kentucky Department of Education a detailed annual financial report to include the district's total assets, liabilities, revenues, and expenditures. The annual report shall be posted on the district's Web site and department's Web site for a minimum of two (2) years.

(d) Nothing in this subsection shall lessen the obligation of a school district to publish its financial statements in accordance with KRS 160.463.