Page 363 - Honorable Mayor and Members of the City Council

BUDGET GLOSSARY

RISK MANAGEMENT An organized attempt to protect a government's assets against accidental loss in the
most economical method and with the least risk.

SOURCE OF REVENUE Revenues are classified according to their source or point of origin.

SPECIAL ASSESSMENT A compulsory levy made against certain properties to defray all or part of the cost of
a specific improvement or service deemed to benefit primarily those properties. The
following are examples of special assessments used by the City: street, curb and
gutter, drive approach, sidewalk, mowing, and demolition assessments.

SPECIAL ASSESSMENT FUND A fund used to account for the construction of improvements with special assessment
funds. The fund also accounts for the repayment of special assessment from property
owners that have benefited from improvements or services regardless of the fund
responsible for the original expenditure.

STORMWATER UTILITY A fund to account for revenues derived from fees charged to homeowners and
businesses to finance drainage projects.

TARRANT APPRAISAL An entity established by State of Texas law to insure uniform property appraisals for
DISTRICT all cities in Tarrant County.

TAX RATE The amount of tax stated in terms of a unit of the tax base; for example 64.00 cents
per $100 valuation of appraised calculation of taxable property.

TAX ROLL The official list showing the amount of taxes levied against each tax payer.

VOUCHER A document indicating that a transaction has occurred. A voucher usually contains
the account related to the transaction.

WORK PROGRAM A plan of work proposed to be done during a particular period by the government in
carrying out its assigned activities.
CITY OF BENBROOK 2018-19 ANNUAL BUDGET
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