The district budget shall be prepared as follows. [PL 1981, c. 693, §§5, 8 (NEW).]
1. Preparation by board. The board of directors shall annually prepare a budget for:
A. Operational costs; [PL 1981, c. 693, §§5, 8 (NEW).]
B. Bonds falling due; [PL 1981, c. 693, §§5, 8 (NEW).]
C. Interest on bonds or other obligations; [PL 1981, c. 693, §§5, 8 (NEW).]
D. Rentals and other charges in a contract; [PL 1981, c. 693, §§5, 8 (NEW).]
E. A lease or agreement with the Maine School Building Authority; and [PL 1981, c. 693, §§5, 8 (NEW).]
F. Temporary loans. [PL 1981, c. 693, §§5, 8 (NEW).]
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.