Page 445 - Keller FY20 Approved Budget
P. 445
GLOSSARY OF TERMS
OPERATIONS AND MAINTENANCE EXPEND- RESERVE. An account used to indicate that a
ITURES. Expenditures for routine supplies and portion of fund resources is restricted for a
maintenance costs necessary for the operation specific purpose, or is not available for
of a department of the City. appropriation and subsequent spending.
ORDINANCE. A formal legislative enactment of RETAINED EARNINGS. The excess of total
the City Council. assets over total liabilities for an enterprise fund.
Retained earnings include both short-term and
−P− long-term assets and liabilities for an enterprise
fund. (See WORKING CAPITAL.)
PAYMENT-IN-LIEU OF TAXES. A payment
made to the City in lieu of taxes. These REVENUE. Funds that the City receives as
payments are generally made by tax exempt income. Revenues increase fund balance.
entities for which the City provides specific
services. The City's water and wastewater utility REVENUE BONDS. Bonds whose principal and
fund provides these payments to the City's interest are payable exclusively from earnings of
general fund because of the fund's exemption an enterprise fund, in addition to a pledge of
from property taxation. revenues.
PEG FEE. Acronym for “Public Education and −S−
Government” fee. See PUBLIC EDUCATION
AND GOVERNMENT (PEG) FEE. SALES TAX. A general tax on certain retail
sales levied on persons and businesses selling
PERSONNEL SERVICES. Expenditures for taxable items in the city limits. The City's current
salaries, wages and related fringe benefits of sales tax rate is 8.25%, consisting of 6.25% for
City employees. the State of Texas; 1% for the City; 0.5% for the
Keller Development Corporation, 0.25% for the
POSITION. See Full-Time Equivalent. Keller Crime Control Prevention District, and
0.25% for maintenance and repair of City
PROPOSED BUDGET. The financial plan streets.
initially developed by departments and
presented by the City Manager to the City SCADA. Acronym for Supervisory Control and
Council for approval. Data Acquisition. An automated system that
electronically monitors and controls water
PUBLIC EDUCATION AND GOVERNMENT storage tanks, pumping stations, and water
(PEG) FEE. Cable franchise fees charged in supply levels. The system monitors and
accordance with Section 622(g)(2)(C) of the coordinates water supply throughout the City in
Cable Act (47 U.S.C. SS542(g)(2)(c). PEG fees order to meet customer water demands, by
are remitted to the City by television cable allowing remote facilities to be operated from a
providers. Fees may be used for capital costs central location.
for PEG facilities, including purchases of
cameras and equipment used in the SERVICES & OTHER EXPENDITURES. Costs
broadcasting and/or dissemination of public related to services performed by the City by
information. individuals, businesses, or utilities, and other
expenditures not classified in any other
−R− category.
REDUCTION IN FORCE (RIF). Dismissal SPECIAL REVENUE FUND. A fund used to
account for proceeds of specific revenue
and/or layoff of an employee or employees,
usually by elimination of the position(s). sources (other than special assessments,
expendable trusts or for major capital projects)
REIMBURSEMENT. Repayment to a specific that are legally restricted to expenditures for
specified purposes, or have been segregated by
fund for expenditures incurred or services
performed by that fund to or for the benefit of financial policy to be maintained separately.
another fund.
443
