Section 286.124 - Annual Budget(a) The administrator of the district shall prepare a proposed annual budget for the district.(b) The proposed budget must contain a complete financial statement, including a statement of: (1) the outstanding obligations of the district;(2) the amount of cash on hand to the credit of each fund of the district;(3) the amount of money received by the district from all sources during the previous year;(4) the amount of money available to the district from all sources during the ensuing year;(5) the amount of the balances expected at the end of the year in which the budget is being prepared;(6) the estimated amount of revenues and balances available to cover the proposed budget; and(7) the estimated property tax rate that will be required, if the district imposes a property tax.Tex. Health and Safety Code § 286.124
Amended by Acts 2001, 77th Leg., ch. 1290, Sec. 11, eff. 9/1/2001.Added by Acts 1991, 72nd Leg., ch. 14, Sec. 121, eff. 9/1/1991.