§ 9070
138 words·~1 min read·
/ca/health-and-safety-code/9070A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)On or before August 30 of each year, the board of trustees shall adopt a final budget, which shall conform to the accounting and budgeting procedures for special districts contained in Subchapter 3 (commencing with Section 1031.1) of, and Article 1 (commencing with Section 1121) of Subchapter 4 of Division 2 of Title 2 of the California Code of Regulations.
(b)The board of trustees may divide the annual budget into categories, including, but not limited to:
(1)Maintenance and operation.
(2)Employee compensation.
(3)Interest and redemption for indebtedness.
(4)Restricted reserves for the following categories:
(A)Endowment income fund.
(B)Capital outlay.
(C)Pre-need.
(D)Contingencies.
(5)Unallocated general reserve.
(c)The board of trustees shall forward a copy of the final budget to the auditor of each county in which the district is located.