Page 207 - Burleson FY22 City Budget

Income Reserve
A term used in proprietary fund type accounting to represent (1) revenues or An account used to indicate that a portion of fund equity is legally restricted
(2) the excess of revenues over expenses. for a specific purpose.

Inter fund Transfers Revenue Bonds
Amounts transferred from one fund to another. Bonds whose principal and interest are payable exclusively from earnings of
an Enterprise Fund. In addition to a pledge of revenues, such bonds
Internal Service Fund sometimes contain a mortgage on the Enterprise Fund's property.
Funds used to account for the financing of goods or services provided by
one department to other departments on a cost-reimbursement basis. In Revenue
Burleson, the Equipment Services Fund, Vehicle Replacement Fund and An increase in the governmental unit's current financial resources.
Support Services Fund are internal service funds.
ROW
Levy Acronym for Right of Way.
(Verb) To impose taxes, special assessments, or service charges for the
support of governmental activities. (Noun) The total amount of taxes, SAN
special assessments, or service charges imposed by a government. Acronym for Storage Area Network.

Modified Accrual Basis SH
The accrual basis of accounting adapted to the governmental fund type Acronym for State Highway.
spending measurement focus. Revenues are recognized when they become
both "measurable" and "available" to finance expenditures of the current SRO
period. Expenditures are recognized when the related fund liability is
incurred except for (1) inventories of materials and supplies which may be Abbreviation for School Resource Officer.
considered expenditures either when purchased or when used;
(2) prepaid insurance and similar items which need not be reported; (3) Sales Tax
accumulated unpaid vacation, sick pay, and other employee benefit A general "sales tax" is levied on all persons and businesses selling
amounts which need not be recognized in the current period, but for which merchandise in the city limits on a retail basis. Monies collected under
larger-than-normal accumulations must be disclosed in the notes recorded authorization of this tax are for the use and benefit of the City.
when due rather than accrued; if approximately offset by interest earnings
on special assessment levies; and (5) principal and interest on long-term Service Enhancement
debt which are generally recognized when due. A request to budget an activity at a level above current service levels in
order to achieve increased objectives or new objectives. New programs
NCTCOG may also be proposed.
Abbreviation for North Central Council of Governments.
TEX21
Old Town Abbreviation for "Transportation Excellence for the 21st Century", a
statewide coalition of public and private entities that are committed to
Historic central business district. determining comprehensive solutions to the transportation challenges in
Texas.
Object Code
Expenditure classification according to the types of items purchased or TIF
services obtained; for example, personal services, materials, supplies, and Acronym for Tax Increment Financing. It is a tool used for redevelopment
equipment. and community improvement projects.
Operating Budget Tax Rate
The budget that pertains to daily operation that provides basic governmental The amount of tax applied to the tax base. The rate is expressed in cents.
services. The operating budget contains appropriations for such The 2010-2011 tax rate for the City of Burleson is $.71 per $100 of
expenditures as personnel, supplies, utilities, materials, travel, fuel, and assessed valuation of taxable property.
capital equipment.
Tax Rate Limit
Payment in Lieu of Taxes (PILOT) The maximum rate at which a government may levy a tax. The limit may
A fee charged to the Water and Wastewater Enterprise Fund and Solid apply to taxes raised for a particular purpose, or to taxes imposed for all
Waste Fund to compensate for property taxes lost due to municipal purposes, and may apply to a single government, to a class of governments,
ownership. The ad valorem tax rate is applied to the book value of the utility or to all governments operating in a particular area. Overall tax rate limits
system. usually restrict levies for all purposes and of all governments, state and
local, having jurisdiction in a given area.
Performance Measures
Performance measures reflect how well a program is performing its Tax Roll
activities to meet the needs of the public and the organization. They The official list showing the amount of taxes levied against each taxpayer or
measure productivity, effectiveness, efficiency and/or the impact of service property. Frequently, the tax roll and the assessment roll are combined, but
provided. even in these cases the two can be distinguished.

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