Page 303 - CityofMansfieldFY23Budget

Performance Budget A budget that focuses upon activities rather than line items.
Work load and unit cost data are collected in order to assess the
efficiency of services. Typical data collected might include
miles of streets paved per year, cost of paved streets per mile,
tons of garbage collected per man hour, or cost per man hour of
garbage collection.

Performance Measures Specific quantitative and qualitative measures of work
performed as an objective of the department.

Program Budget A budget that focuses upon the goals and objectives of an
agency or jurisdiction rather than upon its organizational budget
classes of expenditure.

Project Something that is contemplated or planned, a large or major
undertaking, especially one involving considerable money,
personnel, and equipment.

Propose To offer for consideration, acceptance, or action.

Property Tax Property taxes are levied on both real and personal property
according to the property's valuation and the tax rate.

Proprietary Fund Funds to provide the same type of information as the
government-wide fund statements, except in more detail.

Purchase Order A document that authorizes the delivery of specified
merchandise or the rendering of certain services and the making
of a charge for them.

Reconciliation A detailed summary of increases and decreases in departmental
expenditures from one budget year to another.

Requisition A written request from a department to the Budget/Accounting
office for specific goods or services. This action precedes the
authorization of a purchase order.

Reserve An account used to indicate that a portion of a fund's balance is
legally restricted for a specific purpose and is, therefore, not
available for general appropriation.

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

Revenue Bonds Bonds usually sold for constructing a project that will produce
revenue for the government. The revenue is used to pay the
principal and interest of the bond.

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