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Glossary and Acronyms

Pay-As-You-Go (PAYG) Financing: The use of currently available cash resources to pay for capital investment. It is
an alternative to debt financing.

Performance Budget: A budget that focuses on activities rather than line items. Workload and unit cost data are
collected to assess the efficiency of services. Typical data collected might include miles of streets paved per year,
cost of paved streets per mile, tons of garbage collected per employee hour, or cost per employee hour of garbage
collection.

Performance Measure (PM): A quantitative, tracked assessment of a department activity or process that logs
achievement, change, or performance over an interval of time. There are four basic categories of performance
measures.
· Inputs: The resources needed to complete an activity. Some inputs include FTEs, budget, and material
data already in place in the department. Other inputs are equipment or information associated with each
transaction.
· Outputs: The immediate results of activities. These are measures of units provided, services provided, or
people served by a program or department. Output measures are usually expressed in the past tense and
are usually within the city’s control.
· Efficiency measures: A type of outcome measure that focuses on the city’s view of performance, by
measuring the cost to the organization in time and resources. Measuring efficiency tells us how well we
are using resources to provide city services.
· Effectiveness measures: A type of outcome measure that focuses on the customer’s view of performance
by measuring how well activity or service meets customer’s expectations.

Personal Property: Items that can be owned but are not real property – divided into two types: tangible and
intangible.

Program Budget: A budget that focuses upon the goal and objectives of an agency or jurisdiction rather than upon
its organizational budget units or object classes or expenditures.

Projected Beginning Fund Balance: Refers to monies in a Governmental Fund that are expected to be collected
and on hand at the beginning of the fiscal period.

Projected Beginning Net Position: Refers to monies in a Proprietary or Fiduciary Fund that is expected to be
collected and on hand at the beginning of the fiscal period.

Projected Ending Fund Balance: Refers to monies in a Governmental Fund that are expected to have been
collected and be on hand at the end of the fiscal period.

Projected Ending Net Position: Refers to monies in a Proprietary or Fiduciary Fund that is expected to have been
collected and be on hand at the end of the fiscal period.

Property Tax: Taxes levied on both real and personal property according to the property's valuation and the tax
rate.

Proposed Rate: The rate that is under formal consideration by the governing body for the current year.

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