Texas Local Government Code 363.203 – Annual Budget Proposal
(a) The board shall propose an annual budget based on the apportionment described by § 363.154. The board shall consider the applications for program funding in preparing the proposed budget.
(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 estimated amount of money available to the district from all sources during the current fiscal year;
(5) the amount of money needed to fund programs approved for funding by the board;
(6) the amount of money requested for programs that were not approved for funding by the board;
(7) the tax rate for the next fiscal year;
(8) the amount of the balances expected at the end of the year in which the budget is being prepared; and
(9) the estimated amount of revenues and balances available to cover the proposed budget.
Terms Used In Texas Local Government Code 363.203
- 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