Page 306 - Saginaw FY22 Adopted Annual Budget

CASH MANAGEMENT: The management of cash necessary to pay for government services while
investing temporary cash excesses in order to earn interest revenue. Cash management refers to the
activities of forecasting the inflows and outflows of cash, mobilizing cash to improve its availability for
investment, establishing and maintaining banking relationships, and investing funds in order to achieve
the highest interest and return available for temporary cash balances.

CERTIFICATES OF OBLIGATION (C.O.): A financing mechanism used to pay contractual obligations.
A security issued by a municipality or county for the purpose of paying contractual obligations incurred
with the constructing and equipping of various allowable projects. Certificates do not require voter
approval but do require the publication of a notice of intent to issue. The certificates may be secured by
a pledge of ad valorem tax revenue or monies derived from the operation of a revenue-producing system
or facility.

CHARTER: Written instrument setting forth principles and laws of government within boundaries of the
City.

CLEARING ACCOUNT: An account used to accumulate total charges or credits for the purpose of
distributing them later among the accounts to which they are allocable or for the purpose of transferring
the net difference to the proper accounts.

CODE RED: A high speed telephone emergency notification system that gives City officials the ability to
deliver pre-recorded emergency telephone notification/information messages to targeted areas or the
entire city at a rate of up to 60,000 calls per hour. By activating and using the “CodeRED” system,
everyone will receive a telephone call at home, their workplace, and even their cell phone, to notify them
of the situation and give them instructions as to what to do.

COMBINED SUMMARY STATEMENT: A summary of two or more funds presented on a single page
that includes a total of the funds presented.

COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG): Federal HUD funds administered through
Tarrant County for approved community revitalization projects in participating cities.

COMMUNITY SERVICE OFFICER (CSO): The same as a Crime Prevention Officer. This person is
responsible for presenting crime prevention programs and neighborhood crime watch programs.

CONSOLIDATED CASH ACCOUNT: An account to facilitate cash management by having two or more
operating funds merge their cash balances into a consolidated account for the current management of
such balances, including temporary investment thereof. In some governments, the consolidated cash
account membership includes not only operating funds but also capital funds. This consists of all funds
of the City in one bank account. This account is used for all accounts payable. Deposits are transferred
as needed from the Depository account. Each fund earns interest and is accounted for separately. (See
Fund.)

CONTINUING EDUCATION UNITS (CEU): Certification programs require a specific number of hours of
additional training after certification in order to maintain that certification.

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

COST: The amount of money or other consideration exchanged for property or services. Costs may be
incurred even before money is paid; that is, as soon as liability is incurred. Ultimately, however, money
or other consideration must be given in exchange.
300