Page 330 - NRH FY20 Approved Capital Budget

GLOSSARY

BUDGET ADJUSTMENT: Legal procedure utilized by the City staff and City Council to revise a budget
appropriation. The City of North Richland Hills has a written budget adjustment policy that allows adjustments
in accordance with the City Charter.

BUDGET CALENDAR: Schedule of key
dates which the City follows in the preparation and adoption of the budget.

BUDGET DOCUMENT: Instrument used by
the budget-making authority to present a comprehensive financial plan of operations to the City Council.

BUDGET MESSAGE: The opening section of the document which provides the reader of the budget document
with a general summary of the most important aspects of the budget, including current and previous fiscal
years, and recommendations and views of the City Manager.

BUDGET ORDINANCE: The official enactment, by City Council to legally authorize City staff to obligate and
expend resources.

BUDGETARY CONTROL: The control or management of a governmental or enterprise fund in accordance
with an approved budget to keep expenditures within the limitations of available appropriations of revenue.

BUILDING MAINTENANCE FUND: A Fund whereby monies provide solely for the maintenance and upkeep of
City owned buildings, facilities and structures. Refer to Resolution No. 97-39, approved September 8, 1997.

CAPITAL OUTLAY: An expenditure which results in the acquisition of or addition to fixed assets, and meets
these criteria: has an anticipated useful life of more than one year; can be permanently identified as an
individual unit of property; belongs to one of the following categories: Land, Buildings, Structures &
Improvements, Equipment; constitutes a tangible, permanent addition to the value of City assets; does not
constitute repair or maintenance; and, is not readily susceptible to loss.

CAPITAL PROJECT: A specific identifiable improvement or purpose for which expenditures are proposed
within the capital budget or capital improvement program.

CAPITAL PROJECT FUND: A fund created to account for financial resources to be used for the acquisition or
the construction of major capital facilities or equipment.

CASH BASIS: A basis of accounting under which transactions are recognized only when cash changes hand.

CERTIFICATE OF OBLIGATIONS – CO’s are a streamlined method of financing approved by the Certificate of
Obligation Act of 1971, Subchapter C of Chapter 271 of the Texas Local Government Code. These bonds are
limited to certain statutory purposes which cover most financing that the local government may need to do.

COMMUNITY EMERGENCY RESPONSE TEAM (CERT): If a disaster or emergency strikes and overwhelms
or delays emergency responders, trained CERT members will be will be called upon to help save and sustain
lives until additional emergency responders arrive.

CITY CHARTER: The document of a home rule City similar to a constitution, which establishes the City's
government structure and provides for the distribution of powers and duties among the various branches of
government.

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