Arizona Laws 48-716. Budget
On or before July 15 each year, the treasurer shall prepare a proposed budget for the ensuing fiscal year to be submitted to the district board for approval. The district board shall indicate its approval of the budget by resolution, which shall provide for a hearing on the budget as approved. Notice of the hearing on the budget shall be provided in the manner prescribed by section 48-715. The municipality or county may review the proposed annual budget and may submit written comments to the district 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 district board. The budget shall be adopted before October 1 each year.
Terms Used In Arizona Laws 48-716
- County: means a county that forms a community facilities district pursuant to this article in an unincorporated area or in an incorporated area with the municipality's consent. See Arizona Laws 48-701
- District: means a tax levying community facilities district formed pursuant to this article by a municipality or formed pursuant to this article by a county in an unincorporated area or in an incorporated area with the municipality's consent. See Arizona Laws 48-701
- District board: means the board of directors of the district. See Arizona Laws 48-701
- 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.
- Municipality: means an incorporated city or town. See Arizona Laws 48-701
- Treasurer: includes any person or official who performs the duties of treasurer of the municipality or county or any person appointed by the district board as the district treasurer pursuant to section 48-711. See Arizona Laws 48-701