Page 279 - Saginaw FY19 Annual Budget

HELP END AUTO THEFT (H.E.A.T.): A voluntary statewide decal program designed to reduce car
thefts. Vehicle owners not normally using their vehicles between 1 a.m. and 5 a.m. sign an agreement
allowing peace officers to verify ownership if they observe the vehicle being used during H.E.A.T. hours.

IMPACT FEES: The mechanism used to recover costs of capital improvements necessary to serve
future development. Impact fees cannot be assessed to correct a system deficiency.

INTERFUND TRANSFERS: Amounts transferred from one fund to another fund.

INTOXILYZER: The Intoxilyzer is a breath test machine used by the Police Department to test possibly
intoxicated persons who have been arrested for driving while intoxicated.

LEVY: To impose taxes, special assessments, or service charges for the support of City activities.

LINE-ITEM BUDGET: A budget that lists each expenditure/expense category (salary, supplies, travel,
repairs, etc.) separately, along with the dollar amount budgeted for each specified category.

LONG-TERM DEBT: Debt with a maturity of more than one year after the date of issuance.

MAINTENANCE: The upkeep of physical properties in condition for use or occupancy. Examples are
the inspection of equipment to detect defects and the making of repairs.

MAINTENANCE AND OPERATIONS (M&O): The funds that are used for the maintenance and
operation of a budget.

MAXIMUM DAY DEMAND: The water consumption, in volume of water, used on the highest
consumption day in a year.

MEDIAN VALUE: The median value for an ordered array of numbers is the mid-score of the distribution.

MIXED BEVERAGE TAX: A tax at the rate of fourteen percent (14%) is imposed on the gross receipts
of a licensee for the sale, preparation, or service of mixed beverages consumed on the premises of the
business.

MODIFIED ACCRUAL ACCOUNTING: The basis of accounting adapted to the governmental fund type
spending measurement focus. Under it, revenues are recognized when they become both “measurable”
and “available” to finance expenditures of the current period. Expenditures are recognized when the
related fund liability is incurred except for (1) inventories of materials and supplies which may be
considered expenditures either when purchased or when used; (2) prepaid insurance and similar items
which need not be reported; (3) accumulated unpaid vacation, sick pay, and other employee benefit
amounts which need not be recognized in the current period, but for which larger than normal
accumulations must be disclosed in the notes to the financial statements; (4) interest on special
assessment indebtedness which may be recorded when due rather than accrued, if offset by interest
earnings on special assessment levies; and (5) principal and interest on long-term debt which are
generally recognized when due. This accounting technique is a combination of cash and accrual
accounting since expenditures are immediately incurred as a liability while revenues are not recorded
until they are actually received.

MOTOR ALL DATA SYSTEM: Computer based automotive diagnostic and repair manual. An essential
tool in properly diagnosing and repairing today’s sophisticated vehicles.

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