§ 5788

Repealed and added by Stats. 2001, Ch. 15, Sec. 4. Effective January 1, 2002.

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.

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