Page 316 - Project Detail Sheet_AdoptedBook

ADOPTED | BUDGET

CAPITAL PROJECT: A specific identifiable improvement or purpose for which expenditures are
proposed within the capital budget or capital improvement program.

CAPITAL PROJECT FUND: A fund created to account for financial resources to be used for the
acquisition or the construction of major capital facilities or equipment.

CASH BASIS: A basis of accounting under which transactions are recognized only when cash
changes hand.

CERTIFICATE OF OBLIGATIONS: – CO’s are a streamlined method of financing approved by the
Certificate of Obligation Act of 1971, Subchapter C of Chapter 271 of the Texas Local Government
Code. These bonds are limited to certain statutory purposes which cover most financing that the
local government may need to do.

COMMUNITY EMERGENCY RESPONSE TEAM (CERT): If a disaster or emergency strikes and
overwhelms or delays emergency responders, trained CERT members will be will be called upon
to help save and sustain lives until additional emergency responders arrive.

CITY CHARTER: The document of a home rule City similar to a constitution, which establishes the
City's government structure and provides for the distribution of powers and duties among the
various branches of government.

CITY COUNCIL: The Mayor and seven (7) Council members collectively acting as the legislative and
policymaking body of the City.

CO’s: – Acronym for Certificates of Obligation Bonds. See Certificates of Obligations.

CODE RANGER PROGRAM: A program which became active in June 2012. The program has
volunteers which observe code violations, including falling fence, high grass, and inoperable
vehicles and illegals signs.

COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG): Federal funds made available to municipalities
specifically for community revitalization.

CONTINGENCY: A budgetary reserve set-aside for emergencies or unforeseen expenditures not
otherwise budgeted.

CONTRACTUAL SERVICES: The costs related to services performed for the City by individuals,
businesses, or utilities.

CURRENT TAXES: Taxes levied and due within one year.

DEBT SERVICE: The City's obligation to pay the principal and interest of all bonds and other debt
instruments according to a pre-determined payment schedule.

303 NRH | TEXAS