Cal. Pub. Resources Code § 5788

Current through the 2024 Legislative Session.

Section 5788 - Adoption of preliminary budget

On or before July 1 of each year, the board of directors shall adopt a preliminary budget that 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. The board of directors may divide the preliminary budget into categories, including, but not limited to:

(a) Maintenance and operation.

(b) Employee compensation.

(c) Capital outlay.

(d) Interest and redemption for indebtedness.

(e) Restricted reserve for capital outlay.

(f) Restricted reserve for contingencies.

(g) Unallocated general reserve.

Ca. Pub. Res. Code § 5788

Added by Stats 2001 ch 15 (SB 707), s 4, eff. 1/1/2002.

Former § 5788 has been repealed by Stats 2001 ch 15 (SB 707), s 3, eff. 1/1/2002.