Page 186 - Haltom City FY19 Annual Budget

Revenue: Funds that the government receives as income. Revenue includes such items
as tax payments, fees from specific services, receipts from other governments, fines,
forfeitures, grants, 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.

Special Assessment: A compulsory levy made against certain properties to defray all or
part of the cost of a specific capital improvement or service deemed to benefit primarily
those properties.

Special Revenue Funds: A governmental fund type used to account for the proceeds of
specific revenue sources (other than for major capital projects) that are legally restricted
or expenditure for specified purposes.

Storm Water: See Drainage Fund.

Structural Balance: The structural budget balance represents what government
revenues and expenditure would be if output were at its potential level. Structural
imbalance usually refers to expenditures higher than revenues in assessing fiscal
sustainability.

Tax Rate: A percentage applied to all taxable property to raise general revenue. It is
derived by dividing the total tax levy by the taxable net property valuation.

Taxes: Compulsory charges levied by a government for the purpose of financing services
performed for the common benefit.

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