§ 9070 District Budget Adoption Rules

(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. (Added by Stats. 2003, Ch. 57, Sec. 5. Effective January 1, 2004.)