Page 88 - CityofForestHillFY25AdoptedBudget

Retained Earnings: The difference between assets and liabilities for enterprise and internal service funds.

Revenue: Increases in the net current assets of a governmental fund type from other than expenditure refunds and
residual equity transfers, and increases in net total assets of a proprietary fund type from other than expense
refunds, capital contributions and residual equity transfers. Included are such items as tax payments, fees from
specific services, receipts from other governments, fines, forfeitures, grants, shared revenues, and interest income.

Revenue Bonds: Bonds usually sold for constructing a project that will produce revenue for the government. All or
part of the revenue is used to pay the principal and interest of the bond.

Rollover: Rollovers are the desired uses of fund balance for the purpose of meeting prior year commitments.
Rollovers may be requested for items that, a) were budgeted in the prior fiscal year, b) are from departments that
did not spend to their appropriated budget the prior year (i.e. , have savings), and c) can demonstrate that the funds
were encumbered for the purpose identified in the rollover request.

Source of Revenue: Revenues are classified according to their source or point of origin.

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

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