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Texas Statutes (Last Updated: January 4, 2014) |
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SPECIAL DISTRICT LOCAL LAWS CODE |
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Title 6. WATER AND WASTEWATER |
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Subtitle H. DISTRICTS GOVERNING GROUNDWATER |
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Chapter 8801. HARRIS-GALVESTON SUBSIDENCE DISTRICT |
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Subchapter B. DISTRICT ADMINISTRATION |
Sec. 8801.063. ANNUAL BUDGET
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(a) The board shall adopt an annual budget.
(b) The 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 fee revenues that will be required.
(c) The board may amend the annual budget adopted under Subsection (a).