Arizona Laws 5-1431. Annual budget
A. On or before May 31 of each year, the board shall hold a public hearing to adopt a budget for the following fiscal year that includes:
Terms Used In Arizona Laws 5-1431
- Authority: means the southern Arizona sports, tourism and film authority. See Arizona Laws 5-1401
- Board: means the board of directors of the authority. See Arizona Laws 5-1401
- 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.
- including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
1. Receipts during the preceding fiscal year.
2. Expenditures during the preceding fiscal year.
3. Estimates of amounts necessary for expenses during the following fiscal year, including amounts proposed for administrative costs of the authority.
4. Anticipated revenue to the authority from each source in the following fiscal year.
5. A complete asset and liability statement.
6. A statement of profit or loss.
7. Cash on hand as of the date the budget is adopted and the anticipated balance at the end of the current fiscal year.
8. An itemized statement of commitments, reserves and anticipated obligations for the following fiscal year.
B. The board may amend the budget on a finding of good cause.