(a) On or before August 30 of each year, the board of trustees shall adopt a final budget, which 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.(b) The board of trustees may divide the annual budget into categories, including, but not limited to: (1) Maintenance and operation. (2) Employee compensation. (3) Interest and redemption for indebtedness.(4) Restricted reserves for the following categories: (A) Endowment income fund.(5) Unallocated general reserve.(c) The board of trustees shall forward a copy of the final budget to the auditor of each county in which the district is located.Ca. Health and Saf. Code § 9070
Added by Stats 2003 ch 57 (SB 341), s 5, eff. 1/1/2004.