Page 397 - Ord 866 Adopting a revised Fiscal Year 17-18 and new proposed Fiscal Year 18-19 budget
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Section 12 Appendix
Glossary of Terms
voice their views on the merits or services in the town limits on Transfer- In: Funds expended in
of the proposals. a retail basis. The categories for one fund and received in other.
taxation are defined by state
PVC: Acronym for polyvinyl law. Monies collected under User Charges: The payment of
chloride, a plastic compound authorization of this tax are for a fee for direct receipt of a
used for water and sewer pipes. the use and benefit of the public service by the party
town. benefiting from the service.
Reserve: An account used to
indicate that a portion of fund SCADA: Acronym that stands Working Capital: Budgeted
resources is restricted for a for Supervisory Control and working capital is calculated as
specific purpose, or is not Data Acquisition. SCADA refers a fund’ s current assets less
available for appropriation and to a system that collects data current liabilities and
subsequent spending. from various sensors at a outstanding encumbrances.
remote location and then Working capital does not
Resolution: A formal statement sends this data to a central include long-term assets or
of opinion or determination computer which then manages liabilities. For budgetary
adopted by an assembly or and controls the data. purposes, working capital,
another formal group. rather than retained earnings, is
Special Revenue Fund: A fund generally used to reflect the
Resources: Total dollars used to account for the available resources of
available for appropriations, proceeds of specific revenue enterprise funds.
including estimated revenues, sources that are legally
fund transfers, and beginning restricted to expenditure for
fund balances. specified purposes.
Retained Earnings: The excess Supplies: A cost category for
of total assets over total minor items ( individually priced
liabilities for an enterprise fund. at less than $5,000) required by
Retained earnings include both departments to conduct their
short- term and long-term assets operations.
and liabilities for an enterprise
fund. TMRS: Acronym for the Texas
Municipal Retirement System, a
Revenues: Funds that the pension plan for employees of
government receives as member cities within the State
income. It includes such items of Texas.
a tax payment, fees from
specific services, receipts from TRA: Trinity River Authority – A
other governments, fines for separate governmental entity
forfeitures, grants, shared responsible for providing water
revenues and interest income. and wastewater services in the
Trinity River basin. The Town
ROW: Acronym for right-of-way. contracts with TRA for
treatment of wastewater.
Sales Tax: A general “ sales tax”
is levied on persons and TXDOT: Texas Department of
businesses selling merchandise Transportation
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