Page 217 - CITY OF AZLE, TEXAS

City of Azle. The district use resources to fund economic development activities such as
infrastructure projects, recreational or community facilities, or projects that create or expand
business development within the City. For budgetary and accounting purposes the district is
treated as a Special Revenue (Purpose) Fund.

NO-NEW-REVENUE TAX RATE: The tax rate that will raise the same amount of property tax
revenue as the previous tax year.

NON-DEPARTMENTAL: Includes debt service, operating transfers between funds, and salary
merit pool.

OPERATING BUDGET: A financial plan outlining estimated revenues and expenditures and
other information for a specified period (usually a fiscal year). The “proposed budget” is the
financial plan presented by the City Manager for consideration by the City Council, and the
“adopted budget” is the financial plan ultimately approved and authorized by the City Council.

ORDINANCE: An authoritative command or order.

PCAD: Parker County Appraisal District.

PER CAPITA DEBT: Total tax supported debt outstanding divided by population.

PERSONAL SERVICES: Expenditures made for salaries and related benefit costs.

POLICY: A definite course of action adopted after a review of information and directed at the
realization of goals.

PROPOSED BUDGET: The budget that has been prepared by the City Manager and submitted
to the City Council for approval.

RESERVE: An account used to indicate that a portion of fund resources is restricted for a
specific purpose, or is not available for appropriation and subsequent spending.

REVENUE BONDS: Long term debt (bonds) the repayment of which is based upon pledged
revenues from a revenue generating facility.

REVENUES: All amounts of money earned or received by the City from external sources.

SCADA: Supervisory Control and Data Acquisition. A computerized system that allows for the
monitoring of a facility, such as a water treatment plant, from a remote sight.

TAD: Tarrant Appraisal District.

TAX BASE: The total property valuations on which each taxing entity levies its tax rates.

TAX LEVY: 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 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.

City of Azle FY 2023-2024 Budget 206