Section 325.063 - Annual Budget(a) The board shall prepare and approve an annual budget.(b) The budget must contain a complete financial statement, including a statement of the: (1) outstanding obligations of the district;(2) amount of cash on hand to the credit of each fund of the district;(3) amount of money received by the district from all sources during the previous year;(4) amount of money estimated to be available to the district from all sources during the ensuing year;(5) amount of the balances expected at the end of the year in which the budget is being prepared; and(6) estimated amount of revenues and balances available to cover the proposed budget.Tex. Loc. Gov't. Code § 325.063
Added by Acts 1989, 71st Leg., ch. 437, Sec. 1, eff. 8/28/1989.