(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.

Terms Used In Texas Special District Local Laws Code 1048.151

  • 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
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