Page 379 - HurstFY23AnnualBudget

APPROVED BUDGET FISCAL YEAR 2022-2023

Non- Major Funds - Funds not classified as major funds that should be reported in the aggregate in a
separate column in the basic fund financial statements.

Objectives - Specific statements of desired ends, which can be measured.

Operating Budget - Plans of current expenditures and the proposed means of financing them. The
annual operating budget is the primary means by which most of the financing acquisition, spending and
service delivery activities of a government are controlled. The use of an annual operating budget is
usually required by law.

Operating Costs – Outlays for such current period items as expendable supplies, contractual services,
and utilities.

Ordinance - A formal legislative enactment by the governing board of a municipality. If it is not in
conflict with any higher form of law, such as a State statute or constitutional provision, it has the full force
and effect of law within the boundaries of the municipality to which it applies. The difference between an
ordinance and a resolution is that the latter requires less legal formality and has a lower legal status.
Revenue raising measures, such as the imposition of taxes, special assessments and service charges,
universally require ordinances. Ordinances and other legislation are not passed until the plans for and
costs of endorsements are known.

Part-Time - Part-time employees are divided into two groups. Part-Time TMRS eligible and work less
than 30 hours per week. Part-Time non TMRS eligible work less than 20 hours per work and are not
eligible for TMRS. All part-time employees are not eligible for full-time employee benefits.

Per Capita Costs - The cost of service per person. Per capita costs are based on a 38,750-population
estimate provided by the North Central Texas Council of Governments.

Performance Measures - Specific quantitative measures of work performed within an activity or
program. They may also measure results obtained through an activity or program.

Personnel Services - The costs associated with compensating employees for their labor. This
includes salaries and fringe benefits.

PPFCO - Public Property Finance Contractual Obligations, Series 2020. Issued for Fire Engine.

Projected - The amount of projected revenues, expenditures or activity to be collected or
accomplished during the fiscal year.

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 – Such as the City’s Enterprise and Internal Service funds are used to account for
services provided by one department or agency of a government to other departments, other
governmental units, or the general public on a user charge basis.

Public Hearing - The portions of open meetings held to present evidence and provide information on
both sides of an issue.

No New Revenue Rate - The no-new-revenue tax rate enables the public to evaluate the relationship
between taxes for the prior year and for the current year, based on a tax rate that would produce the
same amount of taxes if applied to the same properties taxed in both years.

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