Arizona § 11-705 - Annual budget
Full text of Arizona Arizona Revised Statutes § 11-705 — Annual budget, with citation guidance and answers to common questions.
§ 11-705. 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 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 administration and operation expenses during the following fiscal year including amounts proposed for:
(a) Recurring items of expense.
(b) Capital items.
(c) Unanticipated contingencies and emergencies.
(d) Events to be promoted by the authority in the following fiscal year.
4. Anticipated revenue to the authority 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.
9. The amount budgeted for scholarships.
B. The budget may be amended during the year to account for unanticipated revenues received after the budget is adopted.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 11-705
What does Arizona Revised Statutes § 11-705 cover?
Section 11-705 ("Annual budget") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 11-705?
A common citation format is "Arizona Revised Statutes § 11-705" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 11-705 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.