Page 222 - Azle City Budget 2019

O & M RATE: Operations & Maintenance Rate. The portion of the City’s tax rate dedicated to
funding the daily operations of the City accounted for in the General Fund.

OPERATING BUDGET: A financial plan outlining estimated revenues and expenditures and
other information for a specified period (usually a fiscal year). The “proposed budget” is the
financial plan presented by the City Manager for consideration by the City Council, and the
“adopted budget” is the financial plan ultimately approved and authorized by the City Council.

ORDINANCE: An authoritative command or order.

PER CAPITA DEBT: Total tax supported debt outstanding divided by population.

PERSONAL SERVICES: Expenditures made for salaries and related benefit costs.

POLICY: A definite course of action adopted after a review of information and directed at the
realization of goals.

PROPOSED BUDGET: The budget that has been prepared by the City Manager and submitted
to the City Council for approval.

RESERVE: An account used to indicate that a portion of fund resources is restricted for a
specific purpose, or is not available for appropriation and subsequent spending.

REVENUE BONDS: Long term debt (bonds) the repayment of which is based upon pledged
revenues from a revenue generating facility.

REVENUES: All amounts of money earned or received by the City from external sources.

SCADA: Supervisory Control and Data Acquisition. A computerized system that allows for the
monitoring of a facility, such as a water treatment plant, from a remote sight.

TAD: Tarrant Appraisal District.

TAX BASE: The total property valuations on which each taxing entity levies its tax rates.

TAX LEVY: A percentage applied to all taxable property to raise general revenues. It is
derived by dividing the total tax levy by the taxable net property valuation.

TAX RATE: A percentage applied to all taxable property to raise general revenues. It is
derived by dividing the total tax levy by the taxable net property valuation.

TAXABLE VALUE: Estimated value of property on which ad valorem taxes are levied.

TAXES: Compulsory charges levied by a government for the purpose of financing services
performed for the common benefit.

TCEQ: The Texas Commission on Environmental Quality.

City of Azle 2018-2019 Budget 210