Sec. 1122.151. BUDGET. (a) The board and the district administrator shall jointly 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 2013, 83rd Leg., R.S., Ch. 1306 (H.B. 3793), Sec. 5, eff. September 1, 2013.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 382 (H.B. 1596), Sec. 9, eff. June 10, 2015.
Section: Previous 1122.111 1122.112 1122.113 1122.114 1122.115 1122.116 1122.117 1122.151 1122.152 1122.153 1122.154 1122.155 1122.156 1122.157 1122.158 NextLast modified: September 28, 2016