Page 551 - FortWorthFY22AdoptedBudget

Glossary and Acronyms

Community Indicator: Use of citizen survey response data to evaluate city progress toward Council goals.
Community indicators can be used as key performance indicators for strategic level objectives, but they must be
used in coordination with internal measures.

Contribution to Fund Balance: Refers to the allocation of money from revenues received during the fiscal
year in a Governmental Fund that the city receives, does not expend, and carries forward for future use.

Contribution to Net Position: Refers to the allocation of money from revenues received during the fiscal year in
a Proprietary or Fiduciary Fund that the city receives, does not expend and carries forward for future use.

Core Objective: The broad, continuous goals of the city as identified in the management plan. Core objectives
are established to assist departments in aligning their activities with Council goals.

Council Goals: Goals set by City Council, based on citizen input, that all management plan core objectives,
department objectives, programs, and initiatives strive to attain.

Current Taxes: Taxes that are levied and due within one year.

Debt: An obligation resulting from the borrowing of money or the purchase of goods and services. Debts of
governments include bonds, time warrants, and notes. See Accounts Payable, Bond, Note Payable, Long-Term
Debt, and General Long-Term Debt.

Debt Rate: For all taxing units, the debt rate portion of the voter-approval tax rate is the current year's debt
payments divided by the current year's property values. The debt rate may rise as high as necessary to cover debt
expenses.

Debt Service: The cash that is required for a particular period to cover the repayment of interest and principal on
a debt. Debt Service is projected on an annual basis.

Deficit: (1) The excess of the liabilities of a fund over its assets. (2) The excess of expenditures over revenues
during an accounting period, or, in the case of proprietary funds, the excess of expenses over revenues during an
accounting period.

Delegated Authority: The City Council authorizes and delegates to the City Manager, or his designee, the authority
to transfer appropriations within and among departments and funds, in a cumulative amount not to exceed the
total amount appropriated for each purpose. This authority is used for items such as separation pay, contractual
services, elections, and training initiatives.

Delinquent Taxes: Taxes that remain unpaid on and after the date due, after which a penalty for nonpayment is
attached.

Department: A major administrative division of the city that indicates overall management responsibility for an
operation or group of related operations within a functional area.

Depreciation: The process of estimating and recording the lost usefulness or expired useful life from a fixed asset
that cannot or will not be restored by repair and will be replaced. The cost of the fixed asset's lost usefulness is
the depreciation or the cost to reserve to replace the item at the end of its useful life.

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