Page 220 - Azle City Budget 2019

CONTRACTUAL SERVICES: Services purchased by the City such as utility services,
insurance, maintenance contracts, outside consulting.

CONSUMER PRICE INDEX (CPI): An inflationary indicator that measures the change in the
cost of a fixed basket of products and services, including housing, electricity, food, and
transportation.

COURT SECURITY FUND: A Special Revenue (Purpose) Fund created to raise resources to
be used for the expenditures incurred for the Municipal Court security. A specific portion from
every fine paid is segregated for these purposes.

COURT TECHNOLOGY FUND: A Special Revenue (Purpose) Fund created to raise resources
to be used for the expenditures incurred for the Municipal Court technology enhancement. A
specific portion from every fine paid is segregated for these purposes.

CRIME CONTROL AND PREVETION DISTRICT (CCPD): a district enacted by the approval of
the voters in 2000. The district collects a quarter cent sales tax revenue. The district use
resources to create programs devoted to crime prevention within the City. For budgetary and
accounting purposes the district is treated as a Special Revenue (Purpose) Fund.

DEBT SERVICE: The City’s obligation to pay the principal and interest of all bonds and other
debt instruments according to a pre-determined payment schedule.

DEPARTMENT: A major administrative division of the City which indicates overall responsibility
for an operation or a group of related operations within a functional area.

EFFECTIVE TAX RATE: A rate which generates the same amount of revenues from property
which is taxed in both years.

ENCUMBRANCES: Obligations in the form of purchase orders and contracts which are
chargeable to an appropriation and for which a part of the appropriation is reserved because the
goods or services have not been received. When paid, the encumbrance is liquidated.

ENTERPRISE FUND: A fund established to account for operations that are financed and
operated in a manner similar to private business enterprises—where the intent of the governing
body is that the costs of providing goods or services to the general public on a continuing basis
be financed or recovered primarily through user charges. The following are the current
Enterprise Funds for the City: Utility, Storm Water, and Golf Funds.

EPA: The Environmental Protection Agency.

EXEMPT/EXEMPTION: Amounts under state law that which are deducted from the appraised
value of property for tax purposes. Tax rates are applied to the non-exempt portion of the
appraised value to calculate the annual tax levy.

EXPENDITURE: Decreases in (use of) financial resources other than through interfund
transfers. This term applies to all governmental type funds.

EXPENSE: A use of financial resources, denoted by its use in the enterprise funds, which is
accounted for on a basis consistent with the private business accounting model (full accrual
basis).

City of Azle 2018-2019 Budget 208