Page 134 - Pantego FY22 Operating Budget
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Tax Roll – The official list showing the amount of taxes levied against each taxpayer or property.
Frequently, the tax roll and the assessment roll are combined, but even in these cases the tow can be
distinguished.
Taxes – Compulsory charges levied by a government for the purpose of financing services performed
for the common benefit. This term does not include specific charges made against particular persons
or property for current or permanent benefits such as special assessments. Neither does the term
include charges for services rendered only to those paying such charges, for example, garbage service
charges.
Transfers in / Transfers Out – See Interfund Transfers.
Unencumbered/Unassigned/Unrestricted Balance – The amount of appropriation that is neither
expended nor encumbered. It is essentially the amount of money still available for future purchases.
Working Capital – Budgeted working capital is calculated as fund’s current assets less current
liabilities including outstanding encumbrances.
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