Budget Law Bingo

Budget Law Bingo Card
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This bingo card has a free space and 29 words: GO Bonds are required to have separate debt service fund, Common Error: Excessive fund balance in GO Bond fund, Add collection rate to property tax estimates, Budget committee cannot deliberate before first mtg, Publish budget committee mtg x2, Governing body acts as the budget committee, Post-adoption changes must be for unforeseen circumstances, Increasing fund more than 10% = supplemental budget requirement, Ending Fund Balance use is restricted, Budget Committee members must be qualified voters, Special payments get their own appropriation, TSCC review required by law for member districts, Financial summary of Approved Budget must be published, Have someone review your resolution, Debt service gets its own appropriation, Governing body can't increase tax rate (except...), You cannot spend directly from contingency, Budget principal and interest separately, Resolution adopting budget to include total budget amount, File resolutions and ED-50 by July 15, Budget committee sets the tax rate, Proposed budget includes budget message and details sheets, Must accept comment at budget hearing, Quorum is more than half of membership, No Contingencies in Debt Funds, Appropriations are legal authority to spend public $, Must have quorum to hold budget hearing, General Fund is for unrestricted revenues and Include FTE tally in personnel services cost.

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