Sec. 1120.151. BUDGET. (a) The district administrator shall prepare a proposed annual budget for the district.
(b) The proposed budget must contain a complete financial statement, including a statement of:
(1) the outstanding obligations of the district;
(2) the amount of cash on hand to the credit of each fund of the district;
(3) the amount of money received by the district from all sources during the previous year;
(4) the amount of money available to the district from all sources during the ensuing year;
(5) the amount of the balances expected at the end of the year in which the budget is being prepared;
(6) the estimated amount of revenues and balances available to cover the proposed budget; and
(7) the estimated tax rate required.
Added by Acts 2015, 84th Leg., R.S., Ch. 893 (H.B. 4212), Sec. 1, eff. June 18, 2015.
Section: Previous 1120.109 1120.110 1120.111 1120.112 1120.113 1120.114 1120.115 1120.151 1120.152 1120.153 1120.154 1120.155 1120.156 1120.157 1120.158 NextLast modified: September 28, 2016