Page 293 - CityofMansfieldFY24Budget

Major Funds All funds including General, Enterprise, Special Revenue, and
Capital Funds.

Merit Incentive A salary or benefit adjustment based on an employee’s overall
job performance that would warrant a salary or benefit increase.

Modified Accrual A basis of accounting in which expenditures are accrued but
Accounting revenues are accounted for on a cash basis. This accounting
technique is a combination of cash and accrual accounting since
expenditures are immediately incurred as a liability while
revenues are not recorded until they are actually received or are
"measurable" and "available for expenditure." Since this type of
accounting basis is a conservative financial approach, it is
recommended as the standard for most governmental funds.

Non-Exempt Personnel eligible to receive overtime pay when work beyond
their normal schedule has been authorized or requested by the
supervisor.

Object Code An expenditure category, such as salaries, supplies, or services.

Operating Budget The portion of the budget that pertains to daily operations that
provides basic governmental services. The operating budget
contains appropriations for such expenditures as personnel,
supplies, utilities, materials, travel and fuel.

Operating Fund A fund restricted to a fiscal budget year.

Ordinance A formal legislative enactment by the governing board of a
municipality. An ordinance requires more legal formality and
has a higher legal status than a resolution.

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.

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