Common use of Tentative Budget Clause in Contracts

Tentative Budget. In each year the Committee shall prepare a tentative budget for the ensuing fiscal year and cause a copy thereof to be made available to the public not less than forty-eight (48) hours before the date of the public hearing required by sub-section VII (B). Said tentative budget shall cover all operating and capital expenses, including any installment of principal or interest to become due in such year on any bonds or other evidence of indebtedness of the District; it shall be in reasonable detail, and shall contain separate sections for operating and capital expenses.