If for any reason the board of directors fails to make and furnish the annual estimate of expenditures, the board of supervisors of the county in which the district was organized shall, at its first meeting in July thereafter, or at any adjournment thereof, prepare and furnish the budget and perform all acts required to be performed by the board of directors. The estimate prepared by the board of supervisors shall have the same force and effect and shall be acted upon in the same manner and with like effect as if it had been made by the board of directors.