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16 <br />•Statute allows for up to 10% of revenues or expenses for <br />administrative costs <br />Depends on when district was established <br />Includes staff time, legal expenses, financial advisory expenses, <br />publication and reporting expenses <br />Staff time must be documented <br />10% limit must be met when district decertifies <br />Not an annual calculation <br />Cannot take 10% “off the top” <br />Administrative Expenses