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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The district administrator shall 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 district fund;
(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 revenue and balances available to cover the proposed budget; and
(7) the estimated tax rate required. (Acts 68th Leg., R.S., Ch. 1047, Sec. 5.04.)
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 1101.151. Budget - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-1101-151/
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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