Texas Local Government Code 327.206 – Annual Budget Proposal
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(a) A zoo board shall propose an annual budget.
(b) The proposed budget must contain a complete financial statement, including the:
(1) outstanding zoo board obligations;
(2) amount of cash on hand to the credit of each zoo board fund;
(3) amount of money received by the zoo board from all sources during the previous year;
(4) estimated amount of money available to the zoo board from all sources during the current fiscal year;
(5) amount of money needed to fund programs approved for funding by the zoo board;
(6) amount of the balances expected at the end of the fiscal year in which the budget is being prepared; and
(7) estimated amount of revenue and balances available to cover the proposed budget.
Terms Used In Texas Local Government Code 327.206
- 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.
- Year: means 12 consecutive months. See Texas Government Code 311.005