48-2411. Annual estimate of district
expenditures
A. The board of directors shall, on or before the first meeting of the board of
supervisors in July each year, furnish the board of supervisors and the assessor of the
county in which the district is located, or if the district is not entirely within the
county, then as otherwise provided by this article, to the board of supervisors and
assessor of each county in which any portion of the district is located, an estimate in
writing of the amount of money needed for the purposes of the district for the ensuing
fiscal year.
B. The amount shall be sufficient to raise the annual interest on the outstanding
bonds, to pay the estimated cost of repair, the incidental expenses of the district, and
in any year in which any bonds fall due, an amount sufficient to pay the principal of the
outstanding bonds as they mature.
C. If the revenues of the district are sufficient to discharge such obligations
without the levy of a tax, the district shall certify that fact to the board of
supervisors, and the filing of the budget shall not be required.
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