The board shall, on or before the 10th day of July of each fiscal year, furnish the board of supervisors and the auditor of each affected county, an estimate in writing of the amount of money needed for the purposes of the district for the ensuing fiscal year, for any reserve funds necessary for the first six months of the following fiscal year, and to provide for the prompt payment, when due, of principal and interest on bonds.

(Added by Stats. 1965, Ch. 75.)

Terms Used In California Water Code 75351

  • County: includes city and county. See California Water Code 14
  • Ensuing fiscal year: means the fiscal year in which the board is required to furnish the annual estimate, as provided in this chapter. See California Water Code 75350
  • 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.
  • Following fiscal year: means the fiscal year which next follows the ensuing fiscal year. See California Water Code 75350
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