The director shall examine the budget filed in his office with reference to all estimates of revenue and to the following appropriations:
a. Payment of interest and debt redemption charges.
b. Deferred charges and statutory expenditures.
c. Cash deficit of preceding year.
d. Reserve for uncollected taxes.
e. Other reserves and nondisbursement items.
The director shall also examine the budget for detail and accuracy of itemization and for compliance as to form, arrangement and content with the provisions of this chapter and the regulations of the local government board.