Page 315 - Project Detail Sheet_AdoptedBook

ADOPTED | BUDGET

BWC: – Acronym for Body Worn Cameras. A video recording system worn on the body by law
enforcement officers.

BOND: A written promise to pay a specified sum of money, called the face value or principal
amount, at a specified date in the future, called the maturity date, together with periodic interest at
a specified rate.

BONDED DEBT: Portion of indebtedness represented by outstanding bonds.

BUDGET: A financial plan for a specified period of time (fiscal year) that matches all planned
revenues and expenditures for various municipal services provided for the residents of the City.

BUDGET ADJUSTMENT: Legal procedure utilized by the City staff and City Council to revise a
budget appropriation. The City of North Richland Hills has a written budget adjustment policy that
allows adjustments in accordance with the City Charter.

BUDGET CALENDAR: Schedule of key
dates which the City follows in the preparation and adoption of the budget.

BUDGET DOCUMENT: Instrument used by
the budget-making authority to present a comprehensive financial plan of operations to the City
Council.

BUDGET MESSAGE: The opening section of the document which provides the reader of the budget
document with a general summary of the most important aspects of the budget, including current
and previous fiscal years, and recommendations and views of the City Manager.

BUDGET ORDINANCE: The official enactment, by City Council to legally authorize City staff to
obligate and expend resources.

BUDGETARY CONTROL: The control or management of a governmental or enterprise fund in
accordance with an approved budget to keep expenditures within the limitations of available
appropriations of revenue.

BUILDING MAINTENANCE FUND: A Fund whereby monies provide solely for the maintenance and
upkeep of City owned buildings, facilities and structures. Refer to Resolution No. 97-39, approved
September 8, 1997.

CAPITAL OUTLAY: An expenditure which results in the acquisition of or addition to fixed assets,
and meets these criteria: has an anticipated useful life of more than one year; can be permanently
identified as an individual unit of property; belongs to one of the following categories: Land,
Buildings, Structures & Improvements, Equipment; constitutes a tangible, permanent addition to
the value of City assets; does not constitute repair or maintenance; and, is not readily susceptible
to loss.

302 NRH | TEXAS