Page 295 - CityofMansfieldFY24Budget

Strategic Plan A multi-year financial, operational and capital plan designed to
serve as a guide to future capital improvements, staffing and
operational requirements, as well as projected funding sources
over a specified time frame. The Strategic Plan is updated on an
annual basis.

Supplemental A budget request submitted during the budget process for a new
program or an increase to current programs or services above the
current budget level.

Supplies A cost category for minor items (individually priced at less than
$5000) required by departments to conduct their operations.

Tax Levy The total amount of taxes imposed by the City on taxable
property, as determined by the county appraisers.

Tax Rate The rate per $100 of property valuation set by City Council. It is
made of two components – operations and debt service.

Transfers Amounts distributed between funds to finance certain
activities. Shown as an expenditure in the originating fund
and revenue in the receiving fund.

Unencumbered Balance The amount of an appropriation that is neither expended nor
encumbered. It is essentially the amount of money still
available for future purchases.

Working Capital The amount of funds available for use in the form of cash or
other assets after deductions for liabilities.

Vendor An individual or business that provides goods or services to a
City for which they are compensated by the City.

Voucher A document indicating a transaction has occurred. It usually
contains the accounts related to the transaction.

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