Page 340 - City of Colleyville FY22 Adopted Budget
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CAPITAL OUTLAY: An expenditure greater than $5,000 which results in the
acquisition of or addition to fixed assets, and meets these criteria: has an
anticipated useful life of more than one year; can be permanently identified
as an individual unit of property; belongs to one of the following categories:
Land, Buildings, Structures & Improvements, Equipment; constitutes a
tangible, permanent addition to the value of City assets; does not constitute
repair or maintenance; and, is not readily susceptible to loss.
CAPITAL PROJECT: A specific and identifiable improvement or purpose for
which expenditures are proposed within the capital budget or capital
improvement program.
CCCPD: Acronym for the Colleyville Crime Control and Prevention District, a
special district funded by a ½ cent sales and use tax which is legally
restricted to police department operations as approved by the Colleyville
Crime Control and Prevention Board.
CEDC: Acronym for the Colleyville Economic Development Corporation, a
nonprofit corporation, formed under the Development Corporation Act of
1979, which provides funding to the City for economic development, parks,
library and cultural improvements. This corporation is funded by a ½ cent
sales and use tax.
CERTIFICATES OF OBLIGATION (C.O.): Tax-supported bonds that are
similar to general obligation bonds and can be issued after meeting strict
publication requirements and with final approval of the City Council.
CITY CHARTER: The document of a home rule City similar to a constitution,
which establishes the City’s government structure and provides for the
distribution of powers and duties among the various branches of
government.
CITY COUNCIL: The Mayor and six (6) Council members collectively acting
as the legislative and policymaking body of the City.
CONTRACTUAL SERVICES: Services purchased by the City such as utility
services, insurance, maintenance contracts, and outside consulting.
CURRENT TAXES: Taxes levied and due within one year.
DEBT SERVICE: The City's obligation to pay the principal and interest of all
bonds and other debt instruments according to a pre-determined payment
schedule.
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