§ 21-59. Budget.

(a)

The benefit district shall adopt a budget annually, and has the authority to amend it during the fiscal year.

(b)

(1)

Prior to preparation of the annual budget, the board shall develop an annual proposed budget according to the provisions set forth in this section by May of each year, and hold a public hearing before the landowners of the benefit district.

(2)

The board, in each fiscal year, shall prepare an annual budget for operating revenue accounts and operating expense accounts, for its operations in the ensuing fiscal year and, on or before the first day of June of each year, the chair of the board shall submit such budget to the county. The fiscal year for the benefit district shall be concurrent with the fiscal year of the county. At the time the board prepares its annual budget, it shall adopt a resolution determining and finding the estimated amounts to be expended by the board in the ensuing year, exclusive of any bonds or other obligations of the benefit district. A certified copy of the resolution shall be submitted to the county at the same time that it submits its annual budget referred to above.

(3)

The county shall review the budget and the certified copy of the resolution within thirty (30) days of receipt, and shall approve the budget of the benefit district if in compliance with all applicable laws.

(4)

Prior to becoming effective, any budget amendment adopted by the board that increases the total budget shall be approved by the county if in compliance with all applicable laws.

(5)

The county shall not amend the benefit district's assessment or budget or take any action that would prevent the benefit district from timely payment of any bonded indebtedness or contractual obligations lawfully incurred by the benefit district.

(Ord. No. 03-15, § 9, 9-15-03)