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Current as of January 01, 2025 | Updated by Findlaw Staff
A. On or before June 30 of each year, the board shall hold a public hearing to adopt a budget for the following fiscal year that includes:
1. District receipts during the preceding fiscal year.
2. Expenditures during the preceding fiscal year.
3. Estimates of amounts necessary for expenses during the following fiscal year, including amounts proposed for:
(a) Costs of planning, constructing, financing and maintaining the district's facilities.
(b) Administrative costs of the district.
4. Anticipated revenue to the district from each source in the following fiscal year.
5. A complete asset and liability statement.
6. A statement of profit or loss.
7. Cash on hand as of the date the budget is adopted and the anticipated balance at the end of the current fiscal year.
8. An itemized statement of commitments, reserves and anticipated obligations for the following fiscal year.
9. A description of the amount and nature of private funding and financing committed to theme park purposes as required by § 48-6272, subsection D.
B. The board may amend the budget on a finding of good cause.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 48. Special Taxing Districts § 48-6251. Annual budget - last updated January 01, 2025 | https://codes.findlaw.com/az/title-48-special-taxing-districts/az-rev-st-sect-48-6251/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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