Page 358 - Honorable Mayor and Members of the City Council

BUDGET GLOSSARY

CAPITAL PROJECTS FUND A fund created to account for the financial resources to be used for the acquisition of
or the construction of major capital facilities or equipment.

CAPITAL OUTLAY An expenditure which results in the acquisition or addition to fixed assets.

CASH ACCOUNTING A basis of accounting in which transactions are recorded when cash is either received
or expended.

CASH MANAGEMENT The management of cash necessary to pay for governmental services while investing
temporarily idle cash excesses in order to earn the maximum interest revenue. Cash
management refers to the activities of forecasting the inflows and outflows of cash,
mobilizing cash to improve its availability for investment, establishing and
maintaining banking relationships, and investing funds in order to achieve the highest
interest and return available for temporarily idle cash.

CHARACTER A basis for distinguishing types of expenditures; the major classifications used by the
CLASSIFICATION City are: Personal Services, Supplies and Materials, Contractual Services, Repair and
Maintenance, Capital Outlay, and Debt Service.

COMBINED SUMMARY A summary of two or more funds presented on a single page that includes a total of
STATEMENT the funds presented.

CURRENT TAXES Taxes that are levied and due within one year.

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.

DEBT SERVICE FUND A fund established to account for the accumulation of resources for and the payment
of long-term debt principal and interest.

CITY OF BENBROOK 2018-19 ANNUAL BUDGET
357