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BUDGETED AMOUNT An authorization made by the City Council which permits the City to incur obligations and to make
expenditures of resources.

BUDGETED FUNDS Funds that are planned for certain uses but have not been formally or legally appropriated by the
legislative body. The Budget Document that is submitted for City Council approval is comprised of
budgeted funds.

CAPITAL ASSET A fund established by the City Council to finance major equipment purchases

REPLACEMENT over several years rather that during one budget year.

CAPITAL IMPROVEMENT A long-range plan for providing the capital outlays necessary to ensure that

PROGRAM adequate services are provided to the residents of the City. The plan includes improvements to or the
acquisition of structural improvements and major equipment purchases.

CAPITAL IMPROVEMENT A separate budget document that lists, in detail, each Capital Improvement Program

REPORT along with the proposed method of financing the program and the year the project is undertaken.

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

CAPITAL OUTLAY An expenditure which results in the acquisition or addition to fixed assets.

CASH ACCOUNTING A basis of accounting in which transactions are recorded when cash is either received or expended.

CASH MANAGEMENT The management of cash necessary to pay for governmental services while investing temporarily idle
cash excesses in order to earn the maximum interest revenue. Cash management refers to the activities
of forecasting the inflows and outflows of cash, mobilizing cash to improve its availability for investment,
establishing and maintaining banking relationships, and investing funds in order to achieve the highest
interest and return available for temporarily idle cash.

CHARACTER A basis for distinguishing types of expenditures; the major classifications used by the

CLASSIFICATION City are: Personal Services, Supplies and Materials, Contractual Services, Repair and Maintenance,
Capital Outlay, and Debt Service.

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