Page 313 - Saginaw FY22 Adopted Annual Budget

REVENUE BONDS: Bonds whose principal and interest are payable exclusively from earnings of an
Enterprise Fund. In addition to a pledge of revenues, such bonds sometimes contain a mortgage on the
Enterprise Fund's property. The term revenue bond is currently used in the municipal bond market to
comprehend almost all bonds other than general obligation bonds.

REVENUES: Funds that the government receives as income. It includes such items as tax payments,
fees from specific services, receipts from other governments, fines, forfeitures, and interest income.

SAFER GRANT: Staffing for Adequate Fire and Emergency Response. A grant funded by the U. S.
Department of Homeland Security. This grant provides funding, for a percentage of the base pay and
benefits for a firefighter, over a five year period. At the end of the five year period the City would be
responsible for the entire salary.

SALES TAX: A general "sales tax" levied on persons and businesses selling merchandise or services
in the city limits on a retail basis. The basic tax is one-cent but cities have the option of imposing additional
sales taxes in varying amounts of up to one cent. These additional sales taxes are known as dedicated
taxes, because their proceeds may be spent only for certain purposes. The City of Saginaw’s dedicated
taxes are used for the reduction of property taxes crime control and prevention and street maintenance.
The Texas Comptroller collects the sales tax and “rebates” the city’s share on a monthly basis. The
comptroller retains a small portion of the tax revenue to cover the state’s administrative costs.

SCHOOL RESOURCE OFFICER (SRO): A police officer that is assigned to the middle schools. He is
there mainly as a police presence and to assist with juvenile problems.

SINKING FUND: The term sinking fund derives from the concept of "floating a bond issue". The sinking
fund was the fund created to accumulate monies to "sink" the debt at its maturity.

SOURCE OF REVENUE: Revenues are classified according to their source or point of origin.

TEXAS LAW ENFORCEMENT TELECOMMUNICATIONS SYSTEM (TLETS): A statewide
telecommunications network that is composed of over 700 terminals/databases/computer interfaces
representing over 675 city, county, state, federal, and military law enforcement and criminal justice
agencies in Texas. This network is controlled by a computerized, electronic message switching system
located in the headquarters of the Texas Department of Public Safety in Austin.

TARRANT APPRAISAL DISTRICT (TAD): An entity established by State Law to ensure uniform
property appraisals for all taxing jurisdictions in Tarrant County.

TAXES: Compulsory charges levied by a government for the purpose of financing services performed
for the common benefit of all citizens.

TAX RATE: A rate at which taxes are levied per $100 of assessed valuation. The amount of tax stated
in terms of a unit of the tax base. For example, $.50 per $100 of assessed valuation of taxable property.

TAX RATE LIMIT: The maximum rate at which a government may levy a tax. The limit may apply to
taxes raised for a particular purpose, or to taxes imposed for all purposes, and may apply to a single
government, to a class of governments, or to all governments operating in a particular area. Overall tax
rate limits usually restrict levies for all purposes and of all governments, state and local, having jurisdiction
in a given area.

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