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2012 Arizona Revised Statutes
Title 48 Special Taxing Districts
48-4232 Annual budget

Universal Citation:
AZ Rev Stat § 48-4232 (through 2nd Reg Sess. 50th Leg. 2012)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

48-4232. Annual budget

A. Not later than June 30 each year the board of directors shall hold a public hearing to adopt and submit to the clerk of the county board of supervisors a budget for the following fiscal year which shall include:

1. Receipts during the past fiscal year.

2. Expenditures during the past fiscal year.

3. Estimates of amounts necessary for expenses during the following fiscal year including amounts proposed for:

(a) Costs of maintaining, operating and managing the stadium.

(b) Promotional and marketing expenses of the district for the following year.

4. Anticipated revenue to the district in the following fiscal year.

5. A complete asset and liability statement.

6. A statement of profit or loss from operations.

7. Cash on hand as of the date the budget is adopted and the anticipated balance at the end of the current fiscal year.

8. An itemized statement of commitments, reserves and anticipated obligations for the following fiscal year.

B. The board may amend the budget on a finding of good cause.

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