Page 263 - Grapevine FY22 Adopted Budget v2

Budget Calendar - The schedule of key dates that is followed in the preparation, adoption, and
administration of the budget.

Budget Manual – A booklet prepared by the budget office that includes the budget, calendar,
the forms departments need to prepare their budget requests, and a description of the budget
process.

Capital Assets – Things the City owns that cost a considerable amount of money and that are
intended to last a long time – e.g. buildings, land, roads, bridges and water treatment plants.

Capital Improvement Program - This is the City's plan to finance major infrastructure
development and improvement. It is primarily funded through General Obligation bonds and
revenue bonds.

Capital Outlay - Expenditure which results in the acquisition of or addition to fixed assets.

Certificates of Obligation – Method for issuing long-term debt. Does not require voter
approval.

Certification Pay – Additional pay attributable for completion of specified certification that
enhances performance.

City Charter - A document of a home rule city similar to a constitution. The City Charter
establishes the City's government structure and provides for the distribution of powers and duties
among the various branches of government.

Community Development Block Grants (CDBG) - Federal funds made available to
municipalities specifically for community revitalization.

Comprehensive Annual Financial Report (CAFR) – This report summarizes financial data for
the previous fiscal year in a standardized format.

Contingency – A budgetary reserve set aside for unforeseen events occurring during the fiscal
year. Also known as a reserve account.

D.A.R.E. (Drug Awareness Resistance Education) – Program developed to educate students of
the effects of drug and alcohol abuse.

Debt Service - Payment of interest and principal on an obligation resulting from bond sales or
lease-purchase agreements.

Deficit - The excess of expenditures over revenues during an accounting period; or, in the case
of proprietary funds, the excess of expense over income during an accounting period.

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

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