(a) The chief executive officer shall prepare an annual budget for approval by the board.(b) The proposed budget must contain a complete financial statement of:(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;(5) the balances expected at the end of the year in which the budget is being prepared;(6) the estimated revenue and balances available to cover the proposed budget; and(7) the estimated tax rate required. Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.
Texas Legal Code