7-6-2318. Determination of projected fund cash flow following hearing -- exception. (1) Upon the conclusion of the hearing, the board shall first determine the amount estimated to accrue to each fund during the fiscal year from all sources except the taxation of property. In so doing, the board may not include any amount that it is anticipated may be received during the fiscal year from the payment of taxes that became delinquent during a preceding fiscal year.
     (2) The board shall then determine separately the amount appropriated for and authorized to be spent for each item in the budget and shall specify the fund or funds against which warrants are to be drawn and issued for each item in the budget and shall specify the fund or funds against which warrants are to be drawn for the expenditures authorized. There may not be added to the amount to be appropriated and authorized to be spent for an item or to the total amount appropriated and authorized to be spent from any fund any amount or percentage because of anticipated loss of revenue by reason of the nonpayment of taxes levied for that fiscal year. The total expenditures authorized to be made from any fund, including the reserve added to them, may not exceed the aggregate of:
     (a) the cash balance in the fund at the close of the preceding fiscal year;
     (b) the amount of estimated revenues to accrue to the fund; and
     (c) the amount which may be raised for the fund by a lawful tax levy during the fiscal year.
     (3) This section does not apply to a county that has adopted the alternative accounting method provided for in Title 7, chapter 6, part 6.

     History: En. Sec. 4, Ch. 148, L. 1929; re-en. Sec. 4613.4, R.C.M. 1935; amd. Sec. 1, Ch. 98, L. 1937; amd. Sec. 1, Ch. 220, L. 1963; amd. Sec. 1, Ch. 178, L. 1969; amd. Sec. 1, Ch. 5, 2nd Ex. L. 1971; amd. Sec. 1, Ch. 261, L. 1974; amd. Sec. 66, Ch. 348, L. 1974; amd. Sec. 25, Ch. 213, L. 1975; R.C.M. 1947, 16-1904(2); amd. Sec. 23, Ch. 430, L. 1995.