Kentucky Finance and Administration Cabinet

What Kentucky Finance and Administration Cabinet does

The Kentucky Finance and Administration Cabinet is an executive cabinet of the Commonwealth of Kentucky, headquartered at 200 Mero Street in Frankfort, that functions as the statutory chief financial officer and manager of fiscal resources for the state. It provides centralized financial management, procurement, and administrative services to all Executive Branch agencies and, through the Office of Statewide Accounting Services, also extends accounting and financial reporting services to the Judicial and Legislative branches. Its operations are organized across core offices including the Office of the Secretary, Office of the Controller, Office of Financial Management, Office of Procurement Services, Department for Facilities and Support Services, and the Commonwealth Office of Technology.

The Cabinet's core technology infrastructure centers on eMARS (electronic Management Accounting and Reporting System), a centralized statewide accounting platform that records and classifies all Commonwealth transactions and supports GAAP-compliant reporting. Complementary systems include eProcurement for solicitations and contract management, Vendor Self Service (VSS) for vendor engagement, an eTransparency portal exposing expenditures, budgets, salaries, and contracts, and state fleet and facilities management systems. Annual Comprehensive Financial Reports have been produced continuously from 2001 through 2025. Banking infrastructure is delivered through partnerships with JP Morgan Chase (general depository), State Street (custodial), and Bank of America (debit card services).

The Cabinet's business model is appropriations-based rather than commercial: it is funded by state legislative appropriations and manages tax revenue collection through the Kentucky Department of Revenue, with no traditional pricing model for its core services. Indirect revenue streams include nominal fees for commercial open records requests. Customers include Executive Branch state agencies (primary), Judicial and Legislative branches (for accounting), local political subdivisions that may participate in Master Agreements under KRS 45A.050(3), vendors seeking state business, and citizens accessing transparency data. Leadership is appointed by the Governor: Secretary Holly M. Johnson (appointed December 2019) and Deputy Secretary Geri Grigsby (appointed November 2020) lead the Cabinet.

Name

Kentucky Finance and Administration Cabinet

Legal name

Finance and Administration Cabinet

Website

https://finance.ky.gov

Company type

Public

Operating status

Operating

Headcount range

11–50 employees

Short description

The Kentucky Finance and Administration Cabinet is the executive cabinet of the Commonwealth of Kentucky that serves as chief financial officer for the state, providing centralized accounting, procurement, treasury, and transparency services to all state agencies and local political subdivisions.

Ownership category

akta.pro rank

Product category

Government Financial Administration

NAICS

Public Finance Activities (921130), Public Finance Activities (92113)

akta.pro industry

PRIMARYBPAIABAC

State/Provincial Treasury, Budget & Fiscal Management

Business & Public Services/Public Sector & Government Administration/State/Provincial & Regional Government Administration

SECONDARYBPAIAEAB

Treasury & Cash Management

Business & Public Services/Public Sector & Government Administration/Public Finance, Treasury & Procurement

SECONDARYBPAIABAA

Governor/Executive Office & Cabinet Administration

Business & Public Services/Public Sector & Government Administration/State/Provincial & Regional Government Administration

Keywords

• State government administration
• Government financial management
• Government procurement services
• Statewide accounting systems
• Public sector transparency

Headquarters

HQ city

Frankfort

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. State Appropriations and Tax Revenue: As a state government cabinet, the Finance and Administration Cabinet operates primarily through state appropriations and manages tax revenue collection through the Kentucky Department of Revenue. The Cabinet serves as the chief financial officer for the Commonwealth, overseeing fiscal resources.
2. Fees and Charges: The Cabinet collects various fees related to procurement, open records requests (for commercial purposes), and other government services. Processing fees are charged for open records requests made for commercial purposes to reimburse staff time.
3. Procurement Services: Central procurement agency for the Executive Branch, purchasing commodities and non-professional services for state agencies. Provides administrative oversight of personal service contracts and Memoranda of Agreement.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

The Kentucky Finance and Administration Cabinet serves as the chief financial officer and fiscal manager for the Commonwealth of Kentucky, providing centralized financial management, statewide accounting (eMARS), procurement services (eProcurement), investment and debt management, transparency reporting, fleet management, and facilities and support services to state agencies, local governments, and the public.

Product overview

The Kentucky Finance and Administration Cabinet is a state government administrative body that provides centralized financial management, procurement, and administrative services to the Commonwealth of Kentucky. The Cabinet operates a portfolio of interconnected digital services including eMARS (the statewide accounting system), eProcurement (electronic procurement platform), and the Vendor Self Service portal. These systems work together to manage the Commonwealth's financial resources, process state government transactions, facilitate vendor engagement, and provide public transparency. The Cabinet also manages investment and debt operations, state fleet, facilities, and produces annual comprehensive financial reports. The Cabinet serves as the chief financial officer entity for the Commonwealth, overseeing operations across Judicial, Executive, and Legislative branches.

Differentiator

Problem solved

Functional benefit

Products and services

• eMARS Statewide Accounting System Centralized statewide accounting system used for financial recordkeeping, transaction processing, and financial reporting across all state government branches of the Commonwealth of Kentucky.
• eProcurement Electronic procurement system for managing solicitations, bids, purchase orders, vendor self-service, active solicitations, and contract management for state agencies.
• Vendor Self Service (VSS) Online portal for vendors to view solicitations, submit bids, search for items on contract, access Master Agreements, and manage their business interactions with the Commonwealth of Kentucky.
• eTransparency Portal Public-facing transparency website providing citizens with access to state expenditures, budgets, employee salaries, contracts, and financial reports.
• State Fleet Management Management and oversight of state-owned vehicle fleet operations for the Commonwealth of Kentucky.
• Annual Comprehensive Financial Reports (ACFR) Annual financial reports produced in compliance with generally accepted accounting principles for state and local governments, documenting the Commonwealth's financial condition.
• Investment and Debt Management Management of state investments through the State Investment Commission and oversight of bond sales for major projects, administered by the Office of Financial Management.

Quantifiable outcome

• Produces Annual Comprehensive Financial Reports from 2001-2025 documenting Commonwealth finances
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• NASPO ValuePointcoreChannel Partner/ Reseller/ DistributorNASPO ValuePoint is a cooperative purchasing organization that provides solicitation opportunities. Kentucky agencies and political subdivisions can participate in NASPO ValuePoint contracts.
• Kentucky Housing CorporationminorOthersKentucky Housing Corporation provides bid opportunities related to housing programs. The Cabinet's procurement services may be utilized for housing-related procurements.
• Kentucky Horse Racing and Gaming CorporationminorOthersKentucky Horse Racing and Gaming Corporation lists business opportunities through the Cabinet's procurement portal.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Ohio Office of Budget and Management: Performs the equivalent centralized fiscal planning, budget execution, and financial oversight role for the State of Ohio. Closely comparable in scope, statutory authority model, and service to all branches of state government.
• Florida Department of Financial Services: Chief financial officer state agency for Florida, responsible for statewide accounting, financial reporting, and procurement oversight. Directly analogous in its centralized financial administration role.
• Pennsylvania Office of the Budget: Develops and executes Pennsylvania's state budget, oversees financial operations across agencies, and conducts fiscal analysis. Functions as the direct analogue to Kentucky's Cabinet in budget formulation and execution.
• California Department of Finance: Performs centralized budgeting, fiscal planning, and financial oversight for the State of California. Comparable in statutory mandate as the Governor's chief fiscal policy advisor and in producing statewide financial reports.
• Texas Comptroller of Public Accounts: Constitutionally chartered statewide officer responsible for Texas's centralized revenue collection, financial reporting, and procurement oversight. Operates the equivalent of eMARS at a much larger scale and is a structural peer in centralized state finance administration.
• New York State Office of the State Comptroller: Statewide elected office responsible for accounting, financial reporting, and payroll operations for New York State. Directly comparable in centralized accounting system operation and ACFR production at a larger scale.
• Tennessee Department of Finance and Administration: Direct state-government counterpart responsible for Tennessee's centralized budgeting, financial management, and procurement across the Executive Branch. Operates under a near-identical statutory mandate and serves as the most natural regional comparator for Kentucky's Cabinet given geographic proximity and similar governance structure.
• Illinois Governor's Office of Management and Budget: Centralized budget office serving the Governor of Illinois, responsible for budget development, fiscal oversight, and financial management across state agencies. Mirrors Kentucky's Cabinet in its reporting line and mandate.
• Indiana State Budget Agency: Manages state budgeting, financial planning, and fiscal policy coordination for Indiana's Executive Branch. Comparable in function, scale, and statutory mandate to Kentucky's Cabinet, and serves a neighboring Midwestern state with similar economic profile.
• Virginia Department of Accounts: Handles statewide accounting, financial reporting, and disbursement services for the Commonwealth of Virginia. Directly comparable in its operation of a centralized accounting system (similar to eMARS) and production of the state's ACFR.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kentucky-finance-and-administration-cabinet

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kentucky Finance and Administration Cabinet