Page 359 - Honorable Mayor and Members of the City Council

BUDGET GLOSSARY

DEBT SERVICE FUND The amount of revenues which must be provided for a Debt Service Fund so that all
REQUIREMENTS principal and interest payments can be made in full and on time.

DEFICIT The excess of expenditures over revenues during an accounting period.

DELINQUENT TAXES Taxes that remain unpaid on or after the date on which penalty for non-payment is
attached.

DEPARTMENT A major administrative organizational unit of the City which indicates overall
management responsibility for one or more activities.

DISBURSEMENT Payment for goods and services in cash or by check.

DIVISION A major administrative organizational unit of the City which indicates overall
management responsibility for one or more departments. The City has five divisions:
General Government, Staff Services, Public Safety, Public Services, and Community
Development.

ENCUMBRANCE The commitment of appropriated funds to purchase an item or service. To encumber
funds means to set aside or commit funds for a future expenditure.

ESTIMATED REVENUE The amount of projected revenues to be collected during the fiscal year. The projected
financing sources are estimated to finance the proposed projected expenditures.

EXPENDITURE A decrease in the net financial resources of the City due to the acquisition of goods or
services.

FISCAL YEAR A twelve-month period to which the annual operating budget applies. The City has
established October 1 through September 30 as its fiscal year.

CITY OF BENBROOK 2018-19 ANNUAL BUDGET
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