Page 309 - Mansfieldr FY20 Approved Budget

Program Budget A budget that focuses upon the goals and objectives of an
agency or jurisdiction rather than upon its organizational budget
classes of expenditure.

Project Something that is contemplated or planned, a large or major
undertaking, especially one involving considerable money,
personnel, and equipment.

Propose To offer for consideration, acceptance, or action.

Property Tax Property taxes are levied on both real and personal property
according to the property's valuation and the tax rate.

Proprietary Fund Funds to provide the same type of information as the
government-wide fund statements, except in more detail.

Reconciliation A detailed summary of increases and decreases in departmental
expenditures from one budget year to another.

Revenue Funds that the government receives as income. It includes such
items as tax payments, fees from specific services, receipts from
other governments, fines, forfeitures, grants, shared revenues
and interest income.

Revenue Bonds Bonds usually sold for constructing a project that will produce
revenue for the government. The revenue is used to pay the
principal and interest of the bond.

Requisition A written request from a department to the Budget/Accounting
office for specific goods or services. This action precedes the
authorization of a purchase order.

Reserve An account used to indicate that a portion of a fund's balance is
legally restricted for a specific purpose and is, therefore, not
available for general appropriation.

Risk Management An organized attempt to protect a government's assets against
accidental loss in the most economical method.

Source of Revenue Revenues are classified according to their source or point of
origin.

Strategic Plan A multi-year financial, operational and capital plan designed to
serve as a guide to future capital improvements, staffing and
operational requirements, as well as projected funding sources
over a specified time frame. The Strategic Plan is updated on an
annual basis.

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