The purpose of this act is to provide a budget procedure for fire protection districts which shall:
1. Establish uniform and sound fiscal procedures for the preparation, adoption, execution and control of budgets;
2. Enable districts to make financial plans for both current and capital expenditures and to ensure that their directors administer their respective functions in accordance with adopted budgets;
3. Make available to the public and investors sufficient information regarding the financial conditions, requirements and expectations of the district; and
4. Assist districts in improving and implementing generally accepted accounting principles as applied to governmental accounting, auditing and financial reporting and standards of governmental finance management.
Added by Laws 1987, c. 202, § 2, eff. June 1, 1987.