Section 66.303 - Annual Budget(a) The board shall prepare and approve an annual budget.(b) The budget shall 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 tax rate that will be required.Added by Acts 1985, 69th Leg., ch. 734, Sec. 1, eff. 9/1/1985.