Page 350 - FY 2025 Adopted Operating Budget and Business Plan

Appendices Return to Table of Contents

GLOSSARY OF TERMS (CONTINUED)

Budget Document: The instrument used by the budget-making authority to present a comprehensive financial program
to the City Council.

Budget Proposal: A document used by departments to provide information relating to desired outcomes; this form
includes information regarding the goals and objectives, and request budget dollars and personnel needed to accomplish any
given outcome.

Business Plan: A summary of how the departments comprising the City of Arlington organization plan to achieve
outcomes in relation to the priorities of the City Council. The Business Plan is a working document that includes information
related to departmental goals and objectives, program-related budgets, and performance measures.

Capital Budget: A budget designated solely for Capital Improvement Program, and which gives details about
infrastructure improvements throughout the City.

Capital Expenditure: An expenditure for equipment or infrastructure costing in excess of $5,000.

Capital Improvement Program: A plan of action for the establishment and/or maintenance of the City’s
infrastructure and other capital investments.

Certificate of Obligation: A type of debt instrument that is issued for the funding of certain capital improvements, or
portions of total cost for those projects. Proceeds from the sale of this debt may be used to fund cost overruns or unexpected
expenses associated with depreciable assets.

CIP: see Capital Improvement Program.

City Manager’s Message: A general discussion of the budget presented in writing as a part of or supplement to the
budget document. The message explains principal budget issues against the background of financial experience in recent
years.

Commercial Paper: A type of short-term debt instrument issued to fund capital projects.

Convention and Event Services Fund: Supports the operation of the Arlington Convention Center, the
Convention and Visitors Bureau, and debt service on the Convention Center and Convention and Visitors Bureau building. The
fund also provides support for the Fielder Museum and downtown Arlington. Revenues are from hotel occupancy taxes and
fees at the Convention Center.

Debt Service: The City’s obligation to pay the principal and interest on all bonds and other debt instruments according to
a pre-determined payment schedule.

Deficit: A situation where expenditures exceed revenues

Depreciation: A type of expense associated with the use of fixed assets other than land. The annual depreciation of
fixed assets is reported on the financial statements of funds using the accrual basis of accounting.

Enterprise Fund: A governmental accounting fund in which the services provided are financed and operated similarly
to those of a private business. The rate schedules for these services are established to ensure that revenues are adequate to
meet all necessary expenditures. In Arlington, the Water and Sewer Fund and the Sanitary Landfill Fund are enterprise funds.

Expenditure: The outflow of funds paid, to be paid for an asset obtained, or goods and services obtained regardless of
when the expense is actually paid. This term applies to all funds.

FY 2025 Adopted Budget and Business Plan 341 City of Arlington, Texas