On or before July 15 each year, the district treasurer shall prepare a proposed budget for the ensuing fiscal year to be submitted to the district board for approval. The board shall indicate its approval of the budget by resolution, which shall provide for a hearing on the budget as approved. The participating entities may review the proposed annual budget and may submit written comments to the board for its assistance and information in adopting its annual budget. At the conclusion of the budget hearing, the district board, by resolution, shall adopt the budget as finally approved by the board. The budget shall be adopted before October 1 each year.

Terms Used In Arizona Laws 48-6813

  • District: means a tax levying revitalization district formed pursuant to this article. See Arizona Laws 48-6801
  • District board: means the board of directors of the district. See Arizona Laws 48-6801
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Treasurer: includes any person or official who performs the duties of treasurer of the municipality or any person appointed by the district board as the district treasurer. See Arizona Laws 48-6801

 

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