Page 447 - Southlake FY20 Budget

Appendix

BUDGET GLOSSARY

Transfers: Internal movements of revenue and expenses among funds in the budget to provide needed sources of funding
for expenses incurred on behalf of another fund.

U

Utility Fund: The Utility Fund, also known as the Water and Sewer Enterprise Fund, is used to account for the acquisition,
operation and maintenance of Southlake’s municipal water and sewer utility, supported primarily by user charges to the
public.

V

Vehicle Replacement Fund: The Vehicle Replacement Fund is used for the acquisition and replacement of the City’s fleet.

W

Working Capital: The year-end balance of current assets less current liabilities.

Workload Measure: A unit of measure to identify the amount of work or product generated from specific activities. They
form the basis for determining the unit’s success at reaching its performance objectives.

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