Page 208 - Burleson FY22 City Budget

Taxes
Compulsory charges levied by a government for the purpose of financing
services performed for the common benefit. This term does not include
specific charges made against particular persons or property for current or
permanent benefits such as special assessments. Neither does the term
include charges for services rendered only to those paying such charges as,
for example, sewer charges.
Unencumbered Balance
The amount of an appropriation that is neither expended nor encumbered.
It is essentially the amount of money still available for future purchases.
VoIP
Acronym for Voice Over Internet Protocol, a type of phone system which
routes voice conversations over the Internet.
WIFI
Wi-Fi is a wireless technology intended to improve the interoperability of the
wireless local area network.
Working Capital
The amount of current assets minus the amount of current liabilities as of
fiscal year end.
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