198:4 Estimates. –
The school board of each district in its annual report shall state in detail the additional sums of money, if any, which will be required during the ensuing fiscal year for the support of the public schools, for the purchase of textbooks, scholars' supplies, flags and appurtenances, for the payment of the tuition of the pupils in the district in high schools, academies, and any private school approved as a school tuition program by the school board in accordance with law, and for the payment of all other statutory obligations of the district. The annual report shall also contain a summary of estimated funds anticipated from state and federal governmental units during the ensuing fiscal year. For each fund, the annual report shall contain the title or other identifier of the fund as well as a summary of any obligations incurred by accepting the anticipated funds, or state that there are no obligations.