Page 645 - City of Bedford FY22 Budget

B on d a n d I n te re st Re cord : ( B o nd Reg i s t er ) – The per m anent and co m pl et e r eco r d m ai nt ai ned by a t r eas ur er f o r each bo nd
i s s ue. It s ho ws t he am o unt o f i nt er es t and pr i nci pal co m i ng due each dat e and al l o t her per t i nent i nf o r m at i o n co ncer ni ng t he
bo nd i s s ue.

B on d s A u th oriz e d a n d Un issu e d : B al ance o f a bo nd aut ho r i zat i o n no t y et s o l d. Upo n co m pl et i o n o r abando nm ent o f a
pr o j ect , any r em ai ni ng bal ance o f aut ho r i zed and uni s s ued bo nds m ay no t be us ed f o r o t her pur po s es , but m us t be r es ci nded
by t he co m m uni t y ' s l eg i s l at i v e bo dy t o be r em o v ed f r o m co m m uni t y ' s bo o ks .

B on d I ssu e : G eneral l y , t he s al e o f a cer t ai n num ber o f bo nds at o ne t i m e by a g o v er nm ent al uni t .
B on d Ra tin g (Mu n icip a l): A cr edi t rat i ng as s i g ned t o a m uni ci pal i t y t o hel p i nv es t o r s as s es s t he f ut ur e abi l i t y , l eg al o bl i g at i o n,
and wi l l i ng nes s o f t he m uni ci pal i t y ( bo nd i s s uer ) t o m ake t i m el y debt s er v i ce pay m ent s . S t at ed o t her wi s e, a rat i ng hel ps
pr o s pect i v e i nv es t o r s det er m i ne t he l ev el o f r i s k as s o ci at ed wi t h a g i v en { xed-i nco m e i nv es t m ent . Rat i ng ag enci es , s uch as
Mo o dy ' s and S t andar d and Po o r s , us e rat i ng s y s t em s , whi ch des i g nat e a l et t er o r a co m bi nat i o n o f l et t er s and num eral s wher e
AAA i s t he hi g hes t rat i ng and C1 i s a v er y l o w rat i ng .

B u d g e t: A pl an f o r al l o cat i ng r es o ur ces t o s uppo r t par t i cul ar s er v i ces , pur po s es and f unct i o ns o v er a s peci { ed per i o d o f t i m e.
( S ee Per f o r m ance B udg et , Pr o g ram B udg et )

B u d g e t Ca le n d a r: The s chedul e o f dat es and us ed as a g ui de t o co m pl et e t he v ar i o us s t eps o f t he budg et pr eparat i o n and
ado pt i o n pr o ces s .

B u d g e ta ry B a sis: The Ci t y ' s acco unt i ng r eco r ds f o r g eneral g o v er nm ent al o perat i o ns ar e m ai nt ai ned o n a m o di { ed accr ual
bas i s , wi t h t he r ev enues r eco g ni zed when t hey beco m e bo t h av ai l abl e and m eas urabl e and expendi t ur es r eco g ni zed when t he
s er v i ces o r g o o ds ar e r ecei v ed and t he l i abi l i t i es ar e i ncur r ed. Acco unt i ng r eco r ds f o r t he Ci t y ' s pr o pr i et ar y f unds ar e
m ai nt ai ned o n an accr ual bas i s .

B u d g e ta ry Con trol: The co nt r o l o f m anag em ent o f t he o r g ani zat i o n i n acco r dance wi t h an appr o v ed budg et f o r t he pur po s es
o f keepi ng expendi t ur es wi t hi n t he l i m i t at i o ns o f av ai l abl e appr o pr i at i o ns and r ev enues .
B u d g e t D ocu m e n t: The co m pi l at i o n o f t he s pendi ng pl ans f o r t he v ar i o us f unds , al o ng wi t h s uppo r t i ng s chedul es , t abl es , and
char t s whi ch, i n t o t al , co m pr i s es t he annual r ev enue and expendi t ur es pl an.

Ca p ita l A sse ts: Al l r eal and t ang i bl e pr o per t y us ed i n t he o perat i o n o f g o v er nm ent , whi ch i s no t eas i l y co nv er t ed i nt o cas h, and
has an i ni t i al us ef ul l i v e ext endi ng bey o nd a s i ng l e { nanci al r epo r t i ng per i o d. Capi t al as s et s i ncl ude l and and l and
i m pr o v em ent s ; i nf ras t r uct ur e s uch as r o ads , br i dg es , wat er and s ewer l i nes ; eas em ent s ; bui l di ng s and bui l di ng i m pr o v em ent s ;
v ehi cl es , m achi ner y and equi pm ent . Co m m uni t i es t y pi cal l y de{ ne capi t al as s et s i n t er m s o f a m i ni m um us ef ul l i f e and a
m i ni m um i ni t i al co s t . ( S ee F i xed As s et s )

Ca p ita l B u d g e t: An appr o pr i at i o n o r s pendi ng pl an t hat us es bo r r o wi ng o r di r ect o ut l ay f o r capi t al o r { xed as s et
i m pr o v em ent s . Am o ng o t her i nf o r m at i o n, a capi t al budg et s ho ul d i dent i f y t he m et ho d o f { nanci ng each r eco m m ended
expendi t ur e, i .e., t ax l ev y o r rat es , and i dent i f y t ho s e i t em s t hat wer e no t r eco m m ended. ( S ee Capi t al As s et s , F i xed As s et s )

Ca p ita l O u tla y: An expendi t ur e whi ch r es ul t s i n t he acqui s i t i o n o f , o r addi t i o n t o , { xed as s et s , and m eet s t hes e cr i t er i a: has an
ant i ci pat ed us ef ul l i f e o f m o r e t han o ne y ear ; can be per m anent l y i dent i { ed as an i ndi v i dual uni t o f pr o per t y ; bel o ng s t o o ne o f
t he f o l l o wi ng cat eg o r i es : Land, B ui l di ng s , Equi pm ent and Vehi cl es ; co ns t i t ut es a t ang i bl e, per m anent addi t i o n t o t he v al ue o f
Ci t y as s et s ; co s t g eneral l y exceeds at l eas t $ 1,000; do es no t co ns t i t ut e r epai r o r m ai nt enance; and, i s no t r eadi l y s us cept i bl e t o
l o s s .

Ca p ita l Proje ct Fu n d s: The capi t al pr o j ect f unds ar e us ed t o acco unt f o r t he acqui s i t i o n o r co ns t r uct i o n o f capi t al f aci l i t i es
bei ng { nanced f r o m g eneral o bl i g at i o ns o r cer t i { cat e o f o bl i g at i o n bo nd pr o ceeds , g rant s , o r t rans f er s f r o m o t her f unds .
Ca sh : Cur r ency , co i n, checks , po s t al and expr es s m o ney o r der s and banker s ’ draf t s o n hand o r o n depo s i t wi t h an o f { ci al o r
ag ent des i g nat ed as cus t o di an o f cas h and bank depo s i t s .

Ca sh Ma n a g e m e n t: The pr o ces s o f m o ni t o r i ng t he ebb and | o w o f m o ney i n an o ut o f m uni ci pal acco unt s t o ens ur e cas h
av ai l abi l i t y t o pay bi l l s and t o f aci l i t at e deci s i o ns o n t he need f o r s ho r t - t er m bo r r o wi ng and i nv es t m ent o f i dl e cas h.

Ce rti{ ca te of D e p osit (CD ): A bank depo s i t ev i denced by a neg o t i abl e o r no n-neg o t i abl e i ns t r um ent , whi ch pr o v i des o n i t s
f ace t hat t he am o unt o f s uch depo s i t pl us a s peci { ed i nt er es t pay abl e t o a bear er o r t o any s peci { ed per s o n o n a cer t ai n
s peci { ed dat e, at t he expi rat i o n o f a cer t ai n s peci { ed t i m e, o r upo n no t i ce i n wr i t i ng .

City of Bedford, TX | Budget Book 2022 Page 645