Page 269 - Grapevine FY22 Adopted Budget v2

Tax Levy - The total revenues to be raised by ad valorem taxes for expenditures as authorized by
the City Council.

Tax Rate - The amount of tax levied for each $1 00 of valuation.

Tax Roll - Official list showing the amount of taxes levied against each taxpayer or property.

Taxes - Compulsory charges levied by a government for the purpose of financing services
performed for the common benefit of the people.

TEXRail - a 27-mile commuter rail line, operated by Trinity Metro, extending from downtown
Fort Worth, across northeast Tarrant County, through North Richland Hills and Grapevine, and
into DFW International Airport’s Terminal B.

TIF - Tax Increment Financing, the act of capturing the amount of property taxes levied by a
taxing unit for the year on the appraised value of real property located within a defined
investment zone. The tax increments are paid into the TIF fund and used to pay project costs
within the zone, including debt service obligations.

TMRS - Texas Municipal Retirement System, a pension plan for employees of member cities
within the state of Texas.

TPWD – Texas Parks and Wildlife Department

TRA – Trinity River Authority. A political subdivision of the state of Texas responsible for
administration of a master plan for basin-wide development, serving as local sponsor for federal
water projects and providing services to cities within its service area. TRA serves the southern
portion of Grapevine.

T.R.A.P.S. - Texas Recreation & Parks Society

TRE – Trinity Railway Express. A cooperative service provided by Trinity Metroand Dallas
Area Rapid Transit (DART) to provide commuter rail service between Fort Worth & Dallas.

Transfer-In – Funds expended in one fund and received in another.

Turbidity – A measure of the cloudiness of water. Turbidity is a good indicator of the
effectiveness of the filtration system.

TxDOT – Texas Department of Transportation

Unencumbered Balance - The amount of an appropriation that is neither expended nor
encumbered; the amount of money still available for further purchases.

Working Capital – Budgeted working capital is calculated as a fund’s current assets less current
liabilities and outstanding encumbrances. The terminology is used to indicate unencumbered
fund balances in enterprise funds such as the Utility and Lake Enterprise funds.

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