20-A M.R.S. §1302: Budget preparation

The district budget shall be prepared as follows.

1. Preparation by board. The board of directors shall annually prepare a budget for:

A. Operational costs;

B. Bonds falling due;

C. Interest on bonds or other obligations;

D. Rentals and other charges in a contract;

E. A lease or agreement with the Maine School Building Authority; and

F. Temporary loans.

2. Distribution. At least 7 days before the district budget meeting, the board of directors shall make available to the legislative body responsible for final budget approval and residents of the district, a detailed budget document. It shall include a summary of anticipated revenues and estimated school expenditures.