Sec. 363.203. ANNUAL BUDGET PROPOSAL. (a) The board shall propose an annual budget based on the apportionment described by Section 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.
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