Section 33606 Of Article 1. General From California Health And Safety Code >> Division 24. >> Part 1. >> Chapter 6. >> Article 1.
33606
. An agency shall adopt an annual budget containing all of the
following specific information, including all activities to be
financed by the Low and Moderate Income Housing Fund established
pursuant to Section 33334.3:
(a) The proposed expenditures of the agency.
(b) The proposed indebtedness to be incurred by the agency.
(c) The anticipated revenues of the agency.
(d) The work program for the coming year, including goals.
(e) An examination of the previous year's achievements and a
comparison of the achievements with the goals of the previous year's
work program.
The annual budget may be amended from time to time as determined
by the agency. All expenditures and indebtedness of the agency shall
be in conformity with the adopted or amended budget.
When the legislative body is not the redevelopment agency, the
legislative body shall approve the annual budget and amendments of
the annual budget of the agency.