Page 465 - Fort Worth City Budget 2019

Financial Management Policies

Glossary

cc. Pooled Cash – The sum of unrestricted cash and investments of several accounting
funds that are consolidated for cash management and investment purposes.
Investment income or expenditure is allocated to the various funds based on their
respective participation and in accordance with generally accepted accounting
principles.

dd. Program - A set of activities, operations, or organizational units designed and
directed to accomplish specific service outcomes or objectives for a defined
customer.

ee. Proprietary Fund – A class of fund types that account for a local government’s
businesslike activities. Proprietary funds are of two types: enterprise funds and
internal service funds. Both use the accrual basis of accounting and receive their
revenues from charges to users. (Enterprise Fund examples: Water and Sewer
Fund, Stormwater Utility Fund, Municipal Parking Fund; Internal Service Fund
examples: Equipment Services, Information Systems Fund).

ff. Reserve (Governmental Funds) - Reserve refers only to the portion of Fund Balance
that is intended to provide stability and respond to unplanned events or
opportunities. See associated Reserve Policy for specific details.

gg. Reserve (Proprietary Funds) - Reserve refers only to the portion of Working
Capital that is intended to provide stability and respond to unplanned events or
opportunities. See associated Reserve Policy for specific details.

hh. Special Revenue Fund- Governmental fund type used to account for the proceeds
of specific revenue sources that are restricted or committed to expenditures for
specified purpose other than debt service or capital projects and exclusive of
resources held in trust for individuals, private organizations, or other
governments.

ii. Unrestricted Net Position - The portion of a fund’s net position that is not restricted
for a specific purpose.

jj. Working Capital - An accounting term defined as current assets less current
liabilities in a proprietary fund. Working Capital is used to express the Reserves
available in proprietary funds for use.

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