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Glossary and Acronyms

Proprietary Fund: A class of fund types that account for a local government’s businesslike activities. Proprietary
funds are of two types: enterprise funds and internal service funds. Both use the accrual basis of accounting and
receive their revenues from charges to users. Examples of Enterprise Fund: Water and Sewer Fund, Stormwater
Utility Fund, Municipal Parking Fund; Internal Service Fund examples: Equipment Services, Information Systems
Fund.

Qualitative Data: Non-numeric information collected through interviews, focus groups, observation, and the
analysis of written documents. Qualitative data can be quantified to establish patterns or trends.

Quantitative Data: Information that is counted, or compared on a scale.

Reconciliation: A detailed analysis of changes in revenue or expenditure balances within a fund.

Regular Employees: This is referred to full-time employees working 40 hrs. /week. They make up the total
Authorized/Approved Positions (AP) adopted by the City Council every fiscal year. They are divided into two
categories:
· General (civilian) employees: All classification other than Police and Fire ranks. Their salary is charged to
5110101 “REGULAR EMPLOYEE SALARIES”. Police and Fire trainees are considered General employees
until they graduate from the academy and join the ranks.
· Civil Service Employees: Pertains to Police and Fire all ranks. Their salary is charged to 5115101 “CIVIL
SERVICE BASE PAY”

Requisition: A written request from a department to the purchasing office for specific goods or services. This
action precedes the authorization of a purchase order.

Reserve: An account used to indicate that a portion of a fund's balance is legally restricted for a specific purpose
and is, therefore, not available for general appropriations.

Revenue: Increases in the net current assets of a governmental fund type from other than expenditure refunds
and residual equity transfers, and increases in net total assets of a proprietary fund type from other than expense
refunds, capital contributions, and residual equity transfers. Included are such items as tax payments, fees from
specific services, receipts from other governments, fines, forfeitures, grants, shared revenues, and interest
income.

Revenue Bonds: Bonds are usually sold for constructing a project that will produce revenue for the government.
All or part of the revenue is used to pay the principal and interest of the bond. A revenue bond is a special type of
municipal bond distinguished by its guarantee of repayment solely from revenues generated by a specified
revenue-generating entity associated with the purpose of the bonds, rather than from a tax. Revenue bonds may
be issued to construct or expand upon various revenue-generating entities, including Water and Sewer utilities;
toll roads and bridges; airports, seaports, and other transportation hubs. Generally, any government agency or
fund that is run like a business, generating operating revenues and expenses (sometimes known as an enterprise
fund), can issue revenue bonds.

Risk Management: This is an organized attempt to protect a government's assets against accidental loss, utilizing
the most economical methods.

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