§ 40-40-08 — Hearing of protests and objections - Changes in preliminary budget - Preparation of final budget - Contents

Preparation of final budget - Contents.
The governing body shall meet at the time and place set pursuant to section 40-40-06 and
shall hear any and all protests or objections to the items or amounts set forth in the preliminary
budget statement. At the hearing, the governing body shall make any changes in the items or
amounts shown on the preliminary budget statement as it may deem advisable except as limited
in this chapter, and shall prepare the final budget, which must consist of the preliminary budget
with the addition of columns showing:
1. The final appropriations for the various expenditure items specified in the preliminary
budget statement. The final appropriation of any fund total may not exceed the total
amount requested in the preliminary budget.
2. The estimated amount of unencumbered cash on hand at the end of the current year
may not include cash or investments of the equipment replacement fund as provided
in section 40-40-05.
3. The levy amount determined by subtracting the total resources from the total
appropriations and cash reserve for each fund. The governing body may increase the
levy an additional five percent for delinquent tax collections.
4. The certificate of levy which includes a summary of the amount levied for each fund
and the total amount levied.