Sec. 1048.151.  BUDGET.  (a)  The district administrator shall prepare an annual budget for approval by the board.
(b)  The proposed budget must contain a complete financial statement of the district, including:
(1)  the outstanding obligations of the district;
(2)  the cash on hand in each district fund;
(3)  the money received by the district from all sources during the previous year;
(4)  the money available to the district from all sources during the ensuing year, with the balances expected at the end of the year in which the budget is being prepared;
(5)  the estimated revenue and balances available to cover the proposed expenditures and disbursements; and
(6)  the estimated receipts and collections for the following fiscal year.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.