Section 9070.

(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.)