48-3112. Estimate of annual financial requirements

A. The board of directors, not later than July 1 each year, shall estimate the amount of money required to meet the obligations of the district for the next fiscal year, including maturing bonds and interest, maintenance and operating and current expenses, together with such additional amount necessary to meet any deficiency in the payment of items of expense incurred during any previous year, and to provide funds for purchases of lands sold for delinquent taxes. The board may include in the estimate the amount of money required for the repayment of all or any part of district taxes paid for any preceding year in any case in which the district taxes remaining unpaid for such year have been cancelled as provided in section 48-3125.

B. The estimates shall be fully itemized to show the amount required for each of the funds into which the money of the district is divided by the treasurer, and the total amount of the estimated expenses.

C. The estimate shall be entered in full upon the records of the district and a certified copy thereof transmitted to the board of supervisors of each county in which any lands of the district are located, together with a certified copy of the records showing the total number of acres of taxable land of the district and a description of such portions thereof as are located in each county, including all lands within the boundaries of the district not excluded by an order made under the provisions of this chapter.