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California Code, Public Resources Code - PRC § 5788

Current as of January 01, 2025 | Updated by Findlaw Staff

On or before July 1 of each year, the board of directors shall adopt a preliminary budget that shall conform to the accounting and budgeting procedures for special districts contained in Subchapter 3 (commencing with Section 1031.1) of, and Article 1 (commencing with Section 1121) of Subchapter 4 of Division 2 of Title 2 of the California Code of Regulations.  The board of directors may divide the preliminary budget into categories, including, but not limited to:

(a) Maintenance and operation.

(b) Employee compensation.

(c) Capital outlay.

(d) Interest and redemption for indebtedness.

(e) Restricted reserve for capital outlay.

(f) Restricted reserve for contingencies.

(g) Unallocated general reserve.

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Cite this article: FindLaw.com - California Code, Public Resources Code - PRC § 5788 - last updated January 01, 2025 | https://codes.findlaw.com/ca/public-resources-code/prc-sect-5788/

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