Page 204 - City of Fort Worth Budget Book

Glossary and Acronyms

Operating Budget: The portion of the budget concerning daily operations that provide basic governmental
services. The operating budget contains appropriations for such expenditures as personnel, supplies, utilities,
materials, travel, and fuel and the proposed means of financing them.
Operating Fund: A fund that records activity on a single fiscal year basis.

Operating Revenue: Revenues from regular taxes, fees, fines, permits, charges, for service, and similar sources.
Operating Revenues exclude proceeds from long-term debt instruments used to finance capital projects and other
financial sources.

Operating Statement: The financial statement disclosing the financial results of operations of an entity during an
accounting period in conformity with Generally Accepted Accounting Principles (GAAP). In governmental financial
reporting, operating statements and statements of changes in fund equity are combined into "all-inclusive"
operating statement formats.
Operating Transfers: Interfund transfers (e.g., legally authorized transfers from a fund receiving revenue to the
fund through which the resources are to be expended) where there is no intent to repay. See Interfund Transfers
and Residual Equity Transfers.

Other Local Taxes: Refers to specialized taxes that are limited to certain products, activities, or occupations;
they include alcoholic beverage and other product-specific taxes, hotel occupancy taxes, and communication
provider taxes.

Other Revenue: Refers to miscellaneous receipts that fall outside of the other listed categories and include third-
party reimbursement for labor costs and include some internal service charges.

Outcome: The actual effects, impacts, or results of programs, projects, or initiatives. Outcomes can be measured
based on their efficiency or effectiveness.
Pay-As-You-Go (PAYG) Financing: The use of currently available cash resources to pay for capital investment.
It is an alternative to debt financing.
Performance Budget: A budget that focuses on activities rather than line items. Workload and unit cost data are
collected 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 employee hour, or cost per employee hour of
garbage collection.

Performance Measure (PM): A quantitative, tracked assessment of a department activity or process that logs
achievement, change, or performance over an interval of time. There are four basic categories of performance
measures.

• Inputs: The resources needed to complete an activity. Some inputs include FTEs, budget, and material
data already in place in the department. Other inputs are equipment or information associated with each
transaction.

• Outputs: The immediate results of activities. These are measures of units provided, services provided, or
people served by a program or department. Output measures are usually expressed in the past tense and
are usually within the city’s control.
• Efficiency measures: A type of outcome measure that focuses on the city’s view of performance, by
measuring the cost to the organization in time and resources. Measuring efficiency tells us how well we
are using resources to provide city services.
• Effectiveness measures: A type of outcome measure that focuses on the customer’s view of performance
by measuring how well activity or service meets the customer’s expectations.
Personal Property: Items that can be owned but are not real property – divided into two types: tangible and
intangible.

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