(1) Each sheriff performing the duties required under the provisions of KRS 70.150 shall be allowed the amount of thirty-six hundred dollars ($3,600) annually payable out of the State Treasury at the rate of three hundred dollars ($300) per month for such services. The first such monthly payment shall be for the month of July, 1966, and the check therefor shall be forwarded to the sheriff concerned on or about the last working day of that month and each month thereafter.
(2) The allowance authorized in subsection (1) of this section shall be considered as operating expenses of the sheriff's office and shall not be considered as part of his compensation. Sheriffs shall not be required to keep records verifying the expenditures from the allowance provided by the state.