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PROPOSED BUDGET: The budget prepared by the City Manager and
submitted to the City Council for approval.

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RESERVE: An account used to indicate that a portion of fund resources is
restricted for a specific purpose, or is not available for appropriation and
subsequent spending.

RETAINED EARNINGS: An account reflecting the accumulated earnings of
an enterprise fund, as determined at the end of each fiscal year.

REVENUE BONDS: Long term debt (bonds) the repayment of which is
based upon pledged revenues from a revenue generating facility.

REVENUES: All amounts of money earned or received by the City from
external sources.

ROLLBACK TAX RATE: The calculated maximum tax rate allowed by law
without voter approval. If the City adopts a higher tax rate than the rollback
rate, voters can petition for an election to limit the tax increase.

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SALES TAX: A general "sales tax" is levied on persons and businesses
selling merchandise and/or services in the city limits on a retail basis. State
law defines the categories for taxation.

SPECIAL REVENUE FUND: A fund which is used to account for revenues
that arise from specific taxes and other specific sources that are designated
for a specific purpose.

STANDARD AND POOR’S: An independent financial service agency that
provides bond ratings for entities, to illustrate their creditworthiness; one of
the Big Three credit rating agencies.

STRATEGY MAP: The strategic plan used by the City of Colleyville to outline
the City’s goals and objectives.

SUPPLIES: A cost category for minor items (individually priced at less than
$5,000) required by departments to conduct their operations.

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