General Government School Facilities Construction Commission
Actual FY 2024Actual FY 2025Revised FY 2026Recommended FY 2027Recommended FY 2028
SOURCE OF FUNDS
General Fund
Regular Appropriation127,169,800117,389,800118,827,500105,468,800108,222,200
State Salary and Compensation Allocation11,700
Continuing Approp-General Fund1,281,436(13,600)
Budget Reduction-General Fund
Other810,100
Total General Fund129,273,036117,389,800118,813,900105,468,800108,222,200
Restricted Funds
Balance Forward10,095,9584,624,7797,676,4008,453,400
Non-Revenue Receipts4,028,8223,051,636777,000(8,453,400)
Total Restricted Funds14,124,7797,676,4158,453,400
TOTAL SOURCE OF FUNDS143,397,815125,066,215127,267,300105,468,800108,222,200
EXPENDITURES BY CLASS
Personnel Costs423,200400,700398,800373,100381,600
Operating Expenses38,70040,50040,60041,60041,600
Grants Loans Benefits11,591,536
Debt Service126,719,600116,948,600118,374,500105,054,100107,799,000
TOTAL EXPENDITURES138,773,036117,389,800118,813,900105,468,800108,222,200
EXPENDITURES BY FUND SOURCE
General Fund129,273,036117,389,800118,813,900105,468,800108,222,200
Restricted Funds9,500,000
TOTAL EXPENDITURES138,773,036117,389,800118,813,900105,468,800108,222,200
EXPENDITURES BY UNIT
School Facilities Construction Commission136,681,500117,389,800118,813,900105,468,800108,222,200
SFCC Construction Grants2,091,536
TOTAL EXPENDITURES138,773,036117,389,800118,813,900105,468,800108,222,200
The School Facilities Construction Commission (SFCC), created by the 1985 Extraordinary Session of the General Assembly (KRS 157.611 et seq.), exists to assist local school districts with their school building needs. The Commission is responsible for the distribution of state funds via offers of assistance for approved building or renovation projects. The Commission is empowered to act on behalf of local school districts to issue bonds in the name of the Commission and to enter into lease arrangements with local boards of education to finance construction of new facilities or major renovation of existing school facilities.
Offers of assistance are made to eligible local school districts that have demonstrated a reasonable local effort to provide adequate school facilities but still have unmet building needs. Required local effort consists of a levy equivalent to at least five cents per hundred dollars of assessed valuation as well as available funds within a district's capital outlay and building funds and related bonding capacity. Unmet building needs are the costs of projects on a district's facilities plan as approved by the Kentucky Department of Education that remain after the application of local effort. A given district qualifies for offers of assistance based on its unmet need relative to unmet need statewide.
The School Facilities Construction Commission is also charged with distributing state funds allocated to the Kentucky Education Technology System's trust fund to assist local school districts in addressing their unmet education technology needs.