KY SB3

Establishes a three-phase budget timeline for school districts: draft budget due by January 31, tentative budget adopted by May 31, and working budget adopted by September 30 and submitted to the Kentucky Board of Education for final approval

Requires all district budgets to maintain a minimum reserve of at least 2% of the total budget; superintendents cannot propose and boards cannot adopt budgets without this reserve

Creates mandatory financial disclosure website requirements for school districts, including monthly publication of accounts payable reports, balance sheets, vendor payments, procurement card summaries, and credit card statements

Requires publication of superintendent employment contracts within 5 days of board approval, along with annual reports detailing any additional compensation provided to superintendents

School finance officers must complete 42 hours of continuing education every 2 years and obtain certification from the Department of Education before assuming duties