Section 22656 Of Chapter 5. Financial Provisions From California Streets And Highways Code >> Division 15. >> Part 2. >> Chapter 5.

. If there is a surplus or a deficit in the improvement fund of an assessment district at the end of any fiscal year, the surplus or deficit shall be carried forward to the next annual assessment to be levied within such district and applied as a credit or a debit, as the case may be, against such assessment.