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ADOPTED | BUDGET

SIDEWALK CONSTRUCTION FUND: A Fund whereby monies are solely for the purpose of
construction and/or reconstruction of sidewalks throughout the City for the safety and convenience
of pedestrians. Refer to Ordinance No. 2484, approved June 26, 2000.

SPECIAL REVENUE FUNDS: A fund used to account for the proceeds of specific revenue sources
(other than special assessments, expendable trusts or for major capital projects) that are legally
restricted to expenditures for specific purposes.

SUNDRY CHARGES: This includes items which are not in the supply or maintenance category.
These expenses may be for services provided by private business organizations, by public
utilities, for contract labor, for outside consultants, payment of claims and damages against the
City, or service provided by some department of the government agency.

SUPPLIES: Expendable materials and operating supplies necessary to conduct the business of
departmental activities.

TAX BASE: The total value of all real and personal property in the City as of January 1 of each year,
as certified by the Appraisal Review Board. The tax base represents net value after all
exemptions.

TAX INCREMENT FINANCING (TIF): The act of capturing the amount of property
taxes levied by a taxing unit for the year on the appraised value of real property located within a
defined investment zone. The tax increments are paid into the TIF fund and used to pay project
costs within the zone, including debt service obligations.

TAX LEVY: The resultant product when the
tax rate per one hundred dollars is multiplied by the tax base.

TAX RATE: A percentage applied to all taxable property to raise general revenues. It is derived by
dividing the total tax levy by the taxable net property valuation.

TAX ROLL: The official list showing the amount of taxes levied against each taxpayer or property in
the City. This list is provided to the City by Tarrant Appraisal District.

TAXABLE VALUE: Estimated value of taxable property to which the ad valorem tax rate is applied.

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

TEXAS COMMISSION ON ENVIRONMENTAL QUALITY (TCEQ): The Texas Commission on
Environmental Quality (TCEQ) is the environmental agency for the state that is charged with
protection of the state’s health and development/preservation of natural resources consistent with
economic development.

451 NRH | TEXAS