§ 12-724. Budget and annual report.

(a)

The annual fiscal year for the operation of the Rainbow Lakes Estates Municipal Service Taxing Unit for Recreation Services and Facilities shall run from October 1 of each year to September 30 of the following year. The municipal service taxing unit for recreation services and facilities board, on or before July 1 of each year, shall hold a public hearing and adopt a budget setting forth the amounts necessary for the cost and expenses of furnishing services authorized by this article which budget shall serve as a basis for the annual levying of the ad valorem tax herein provide for. All funds received from the ad valorem tax shall be a part of the general funds of the county but shall be separately accounted for with respect to other county funds.

(b)

The Rainbow Lakes Estates Municipal Service Taxing Unit for Recreation Services and Facilities shall on or before the first day of December make an annual report of its actions and accounting of its funds as of the thirtieth day of September of each year and shall file the report in the office of the clerk of the circuit court whose duty it shall be to receive and file the report and hold and keep the same as a public record.

(Ord. No. 03-29, § 4, 12-16-2003)