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Appendices

BUDGET GLOSSARY (CONTINUED)

Budget Document: The instrument used by the budget-making authority to present a comprehensive financial program
to the City Council.

Business Plan: A summary of how the departments comprising the City of Arlington organization plan to achieve
outcomes in relation to the priorities of the City Council. The Business Plan is a working document that includes information
related to departmental goals and objectives, program-related budgets, and performance measures.

Business Plan Proposal: A document used by departments to provide information relating to desired outcomes; this
form includes information regarding the goals and objectives, and request budget dollars and personnel needed to accomplish
any given outcome.

CAFR: see Comprehensive Annual Financial Report.

Capital Budget: A budget designated solely for Capital Improvement Program, and which gives details about
infrastructure improvements throughout the City.

Capital Expenditure: An expenditure for equipment or infrastructure costing in excess of $5,000.

Capital Improvement Program: A plan of action for the establishment and/or maintenance of the City’s
infrastructure and other capital investments.

Certificate of Obligation: A type of debt instrument that is issued for the funding of certain capital improvements, or
portions of total cost for those projects. Proceeds from the sale of this debt may be used to fund cost overruns or unexpected
expenses associated with depreciable assets.

CIP: see Capital Improvement Program.

City Manager’s Message: A general discussion of the budget presented in writing as a part of or supplement to the
budget document. The message explains principal budget issues against the background of financial experience in recent
years.

Commercial Paper: A type of short-term debt instrument issued to fund capital projects.

Comprehensive Annual Financial Report: A report designed to present the financial position and results of
operations of various funds of the City.

Convention and Event Services Fund: Supports the operation of the Arlington Convention Center, the
Convention and Visitors Bureau, and debt service on the Convention Center and Convention and Visitors Bureau building. The
fund also provides support for the Fielder Museum and downtown Arlington. Revenues are from hotel occupancy taxes and
fees at the Convention Center.

Debt Service: The City’s obligation to pay the principal and interest on all bonds and other debt instruments according to
a pre-determined payment schedule.

Deficit: A situation where expenditures exceed revenues

2020 Adopted Budget and Business Plan 289 City of Arlington, Texas