Page 519 - NRH FY20 Approved Budget

GLOSSARY

LONG TERM DEBT: Debt with a maturity of more than one year after the date of issuance.

MAINTENANCE: All materials or contract expenditures covering repair and upkeep of City buildings,
machinery and equipment, systems, and land.

MAINTENANCE & OPERATIONS (M&O): Represents the portion of taxes assessed for the maintenance and
operations of the General Fund Services.

MIXED BEVERAGE TAX: A tax at the rate of ten (10%) percent imposed on the gross receipts of a Licensee
for the sale, preparation, or service of mixed beverages or from the sale of ice or non-alcoholic beverages
consumed on the premises of the permitted.

METROPLEX: The contiguous metropolitan area located in North Central Texas consisting of the Dallas-Fort
Worth Area and surrounding areas including the City of North Richland Hills.

MODIFIED ACCRUAL BASIS: The accrual basis of accounting adapted to the governmental fund type
spending measurement focus. Under it, revenues are recognized when they become both “measurable” and
“available” to finance expenditures of the current period. Expenditures are recognized when the related fund
liability is incurred except for (1) inventories of materials and supplies which may be considered expenditures
either when purchased or when used; (2) prepaid insurance and similar items which need not be reported;
(3) accumulated unpaid vacation, sick pay, and other employee benefit amounts which need not be recognized
in the current period, but for which larger than normal accumulations must be disclosed in the notes to the
financial statements; (4) interest on special assessment indebtedness which may be recorded when due rather
than accrued, if offset by interest earnings on special assessment levies: and (5) principal and interest on long-
term debt which are generally recognized when due.

MUNICIPAL: Of or pertaining to a city or its government.

NEIGHBORHOOD INITIATIVE PROGRAM: Program developed in 2004 by the City of North Richland Hills to
help single parents, elderly, and people with disabilities with repairs to their homes and yard work. The city
receives donated equipment and supplies from local businesses in order to help those in need.

NTE – North Tarrant Expressway

NON-DEPARTMENTAL: Department to budget expenses that benefit the fund as a whole rather than a
particular department within the fund.

OPERATING BUDGET: A financial plan outlining estimated revenues and expenditures and other information
for a specified period (usually a fiscal year). The "proposed budget" is the financial plan presented by the City
Manager for consideration by the City Council, and the "adopted budget" is the financial plan ultimately
approved and authorized by the City Council.

OPERATING EXPENSES: Proprietary fund expenses that are directly related to the fund’s primary service
activities.

OPERATING INCOME: The excess of proprietary fund operating revenues over operating expenses.

OPERATING REVENUES: Proprietary fund revenues that are directly related to the fund’s primary service
activities. They consist primarily of user charges for services.

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