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ADOPTED | BUDGET

“how much” activity the department is performing, productivity measures identify “how well” the
department/activity is performing.

PROGRAM OBJECTIVES: Program objectives are quantifiable steps toward accomplishing stated
goals. They should have a specific time frame or measurable achievement. Objectives should be
able to be reached or completed within the current fiscal year in most cases. Objectives are not
required for every activity performed, but should focus of the major steps necessary for achieving
established goals.

PROPERTY TAXES: Used to describe all revenues received in a period from current taxes,
delinquent taxes, penalties and interest on delinquent taxes. Property taxes are levied on both
real and personal property according to the property's valuation and tax rate.

PROPRIETARY FUNDS: Funds that focus on the determination of operating income, changes in net
assets, (or cost recovery), financial position, and cash flows. There are two different types of
proprietary funds: enterprise funds and internal service funds.

PUBLIC HEARING: The portions of open meetings held to present evidence and provide information
on both sides of an issue.

R‐2 – Single Family Residential home platted prior to 01/01/1998. The R-2 district is intended to
provide areas for low density development of single-family detached dwelling units which are
constructed at an approximate density of 4.0 units per acre.

RESERVE: An account used to indicate that a portion of fund balance is restricted for a specific
purpose. An account used to earmark a portion of fund balance to indicate that it is not
appropriate for expenditure. A reserve may also be an account used to earmark a portion of fund
equity as legally segregated for a specific future use.

RESERVE FOR REPLACEMENT AND REPAIR OF INFRASTRUCTURE AT THE AQUATIC PARK: Funds in
this reserve shall be specifically reserved annually for major improvements and replacements.
This reserve is not for routine maintenance or the addition of attractions at the Park. Refer to
Resolution No. 97-54, approved November 24, 1997.

RESOURCES: Assets that can be used to fund expenditures.

REVENUES: All amounts of money earned or received by the City from external sources.

REVENUE BONDS: Bonds whose principal and interest are payable exclusively from a revenue
source pledged as the payment source before issuance.

SALES TAX: A general “sales tax” is levied on persons and businesses selling merchandise or
services in the city limits on a retail basis. The categories for taxation are defined by state law.
Monies collected under authorization of this tax are for the use and benefit of the city; however, no
city may pledge anticipated revenues from this source to secure the payment of funds or other
indebtedness.

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