Section 1027.151 - Budget(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 amount of cash on hand in 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.Tex. Spec. Dist. Loc. Laws § 1027.151
Added by Acts 2007, 80th Leg., R.S., Ch. 920, Sec. 1.02, eff. 4/1/2009.