§ 5788
107 words·~1 min read·
/ca/public-resources-code/5788A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
On or before July 1 of each year, the board of directors shall adopt a preliminary budget that 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. The board of directors may divide the preliminary budget into categories, including, but not limited to:
(a)Maintenance and operation.
(b)Employee compensation.
(c)Capital outlay.
(d)Interest and redemption for indebtedness.
(e)Restricted reserve for capital outlay.
(f)Restricted reserve for contingencies.
(g)Unallocated general reserve.