Arizona § 5-831 Annual budget

Arizona Statutes

§ 5-831 — Annual budget

Arizona § 5-831

Title 5Arizona Revised Statutes

Ch. 8TOURISM AND SPORTS AUTHORITY

Art. 2Financial Provisions

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Bluebook

Ariz. Rev. Stat. Ann. § 5-831 (2026).

Text

A. Beginning in 2001, on or before June 30 of each year the board shall hold a public hearing to adopt a budget for the following fiscal year that includes: 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 planning, constructing, financing, maintaining, operating and managing a multipurpose facility.

(b)Promotional and marketing expenses of the authority.

(c)Administrative costs of the authority. 4. Anticipated revenue to the authority from each source 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

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A. Beginning in 2001, on or before June 30 of each year the board shall hold a public hearing to adopt a budget for the following fiscal year that includes:

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 planning, constructing, financing, maintaining, operating and managing a multipurpose facility.

(b) Promotional and marketing expenses of the authority.

(c) Administrative costs of the authority.

4. Anticipated revenue to the authority from each source 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.