(1) On or before the fifteenth day of July of each year, the board of directors of the district shall prepare and file with the clerk of the board of supervisors of each member county at least two (2) copies of a budget of estimated expenditures for the support, maintenance and operation of the district for the fiscal year commencing on July 1 of the succeeding year. Such budget shall be prepared on forms prescribed and provided by the State Auditor and shall contain such information as the State Auditor may require.
(2) The board of directors of the district shall notify both the chancery clerk and the president of the board of supervisors of each member county in writing of the date and time when any legislative committee will hold any hearing or vote relating to the budget of the district or any other matter affecting the district. Such notice shall be served both within ten (10) days of the directors’ learning of the date and time of any such action and not less than five (5) days prior to such scheduled action.
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