Section 9051.109 - Budget(a) Before the adoption of the district's annual tax rate, the president of the board must prepare, or have prepared, and the board must approve a budget to cover all proposed expenditures of the district for the succeeding tax year.(b) The budget must: (1) be itemized to make as clear as practicable a comparison between the expenditures included in the proposed budget and the actual expenditures for the same or similar purposes for the preceding tax year;(2) show as definitely as possible each project for which appropriations are included in the budget and the estimated amount of money included in the budget for each project; and(3) contain a complete financial statement of the district showing: (A) all outstanding obligations;(B) the cash on hand to the credit of each fund;(C) the money received from all sources during the preceding year;(D) the money available from all sources during the succeeding year;(E) the estimated revenue available to cover the proposed budget; and(F) the estimated tax rate required for the succeeding tax year.Tex. Spec. Dist. Loc. Laws § 9051.109
Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 855,Sec. 1.06, eff. 4/1/2017.