Page 577 - Fort Worth City Budget 2019

Glossary and Acronyms

• Civil Service Employees: Pertains to Police and Fire all ranks. Their salary is charged to 5115101 “CIVIL
SERVICE BASE PAY”

Requisition: A written request from a department to the purchasing office for specific goods or services. This
action precedes the authorization of a purchase order.

Reserve: An account used to indicate that a portion of a fund's balance is legally restricted for a specific purpose
and is, therefore, not available for general appropriations.

Revenue: Increases in the net current assets of a governmental fund type from other than expenditure refunds
and residual equity transfers, and increases in net total assets of a proprietary fund type from other than expense
refunds, capital contributions and residual equity transfers. Included are such items as tax payments, fees from
specific services, receipts from other governments, fines, forfeitures, grants, shared revenues and interest income.

Revenue Bonds: Bonds usually sold for constructing a project that will produce revenue for the government. All
or part of the revenue is used to pay the principal and interest of the bond. A revenue bond is a special type of
municipal bond distinguished by its guarantee of repayment solely from revenues generated by a specified
revenue-generating entity associated with the purpose of the bonds, rather than from a tax. Revenue bonds may
be issued to construct or expand upon various revenue-generating entities, including: Water and Sewer utilities;
toll roads and bridges; airports, seaports, and other transportation hubs. Generally, any government agency or
fund that is run like a business, generating operating revenues and expenses (sometimes known as an enterprise
fund), can issue revenue bonds.

Risk Management: This is an organized attempt to protect a government's assets against accidental loss, utilizing
the most economical methods.

Rollback Rate: This is a limiting rate. If a governing body adopts a rate that exceeds the rollback rate, the voters
may be able to force the taxing unit to roll back or lower the rate to this limit.

Salary Savings: The amount of salary expense that is saved when a position is vacant or filled at a lower salary
level than the budgeted level.

Sales Tax: Tax based on the value of most goods and services sold or consumed in the city. Sales tax is the second
largest revenue source for the General Fund.

Scorecard: A tabular display of department performance measures and initiatives that highlights current status
and overall progress.

Service Charges: Payments received as a result of administrative services such as inspections associated with
issuance of building and other permits, automobile impoundment, private-property mowing, athletic league
administration, and library charges.

Single Audit Report (SAR): An annual publication that provides information about the government’s expenditures
of Federal and State awards. The Single Audit Report also includes the Auditor's reports on internal control and
compliance as well as findings and questioned costs relating to financial statements and Federal financial
assistance programs. The SAR consists of 6 major sections. 1. The introductory section consists of purposes and
contents of the report, letter of transmittal and overview. 2. Auditor’s report on internal control over financial
reporting, and report on compliance for each major federal and state program 3. Schedule of expenditures of

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