Section 8801.063 - Annual Budget(a) The board shall adopt an annual budget.(b) The 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 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 fee revenues that will be required.(c) The board may amend the annual budget adopted under Subsection (a).Tex. Spec. Dist. Loc. Laws § 8801.063
Added by Acts 2005, 79th Leg., Ch. 238, Sec. 6, eff. 5/27/2005.