Page 568 - Fort Worth City Budget 2019

Glossary and Acronyms

Business Plan: A department-level plan; in this plan, departments outline each division’s Service Areas and
associated key performance indicators, and priority initiatives for each. This document is meant to serve as a high-
level annual performance plan, in which measures are periodically updated to facilitate continuous observation,
trend analysis, and improvement of department activities and services.

Business Unit Department: A numerical code that details financial responsibility for revenues and expenditures.
The center specifically shows the department-division-section for operating funds, department-fund-project for bond
funds, and department-project for grants and other capital project funds.

Capital Assets: Long-lived tangible assets obtained or controlled as a result of past transactions, events, or
circumstances. Capital assets include buildings, equipment, infrastructure, improvements other than buildings, and
land. In the private sector, these assets are referred to most often as "property," "plant," and "equipment."

Capital Expenditures: Expenditures resulting in the acquisition of, or addition to, the government's general capital
assets.

Capital Improvement Plan (CIP): A plan that describes the capital projects and associated funding sources the
city intends to undertake in the current fiscal year plus four successive fiscal years, including the acquisition or
construction of capital facilities and assets, and the maintenance thereof.

Capital Improvement Program Budget: A Capital Improvement Program (CIP) Budget is a section of the budget.
Items in the CIP are usually construction projects designed to improve the value of government assets. Examples
of capital improvement projects include new roads, sewer lines, buildings, recreational facilities, and large scale
remodeling.

Capital Projects Fund: A governmental fund established to account for resources used for the acquisition of large
capital improvements and non-reoccurring expense other than those acquisitions accounted for in proprietary or
trust funds.

Cash Accounting: A basis of accounting in which transactions are recorded when cash is either received or
expended for goods and services.

Cash Balance: The amount of cash on hand and cash equivalents at any point in time, net of inflows and outflows.

Cash Management: Refers to the management of the cash that is necessary to pay for government services while
investing temporary cash excesses in order to earn 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 temporary cash balances.

Categories: A basis for distinguishing types of expenditures; the three major categories used by the City of Fort
Worth are: salary & benefits, general operating & maintenance, and transfer out & other. Below provides more
detail on these three with the addition of capital and debt service:
• Salary & Benefits consist of the costs associated with compensation to individuals providing services to
the city as employees and includes all salary, supplemental costs, and indirect and non-cash compensation
paid to an employee such as: social security, unemployment compensation, workers compensation, health
insurance, life insurance, medical plan, paid vacation, pension and gratuity.
• General Operating & Maintenance includes items such as the following:
o Professional and Technical Services represent costs associated with services or activities
performed under expressed or implied costs and charges for professional, specialized or trade
services rendered. This category includes services provided to city departments through Internal

529