ARS § 48-1104

48-1104 - Financial statement; levy and collection of taxes 48-1104 . Financial statement; levy and collection of taxes A. On or before July 1 each year the board of directors shall prepare a full and complete statement of the financial affairs of the district for the preceding fiscal year and an estimate of the amount of money necessary to be raised to defray district expenses during the next fiscal year. The estimate shall be fully itemized and take into account any deficit or surplus from the preceding fiscal year. B. The board shall certify the estimate, and at the time county taxes are levied the board of supervisors shall levy a tax sufficient to raise the amount of the estimate. The taxes shall be assessed, levied and collected in the same manner as county taxes.