Sec. 1074.151. BUDGET  


Latest version.
  • (a) The district administrator shall prepare an annual budget for approval by the board.

    (b) The proposed budget must contain a complete financial statement of:

    (1) the outstanding obligations of the district;

    (2) the cash on hand to the credit of each district fund;

    (3) the money received by the district from all sources during the previous year;

    (4) the money available to the district from all sources during the ensuing year;

    (5) the balances expected at the end of the year in which the budget is being prepared;

    (6) the estimated revenues and balances available to cover the proposed budget; and

    (7) the estimated tax rate required.

Added by Acts 2011, 82nd Leg., R.S., Ch. 70 , Sec. 1.01, eff. April 1, 2013.