Page 141 - CityofBurlesonFY26Budget

The official written statement prepared by the manager's office which presents a comprehensive
financial program to the City Council.

Burleson 4A Economic Development Corporation
Burleson 4A Economic Development Corporation is a blended component unit of the City. The 4A
Corporation administers a ½ cent sales tax. The proceeds of this tax are used to pay debt service on
bonds issued for various capital improvements. The special revenue fund accounts for the receipts
of the sales tax revenue, and subsequent transfers to the debt service fund.

Burleson 4A Economic Development Corporation Debt Service Fund
The Burleson 4A Economic Development Corporation Debt Service Fund is used to account for
receipts of sales tax revenue transfers and payment of the debt service.

Burleson Community Services Development Corporation (4B)
The Burleson Community Services Development Corporation is another component unit of the City
the BCDC administers a ½ cent sales tax. The proceeds of this tax are used to pay debt service on
bond issues for various capital improvement. The special revenue fund accounts for the receipt of
the sales tax revenue and subsequent transfer to the debt service fund.

Burleson Community Services Development Corporation (4B) Debt Service Fund
The Burleson Community Services Development Corporation (4B) is used to account for the
receipt of sales tax revenue transfer and payment of the debt service.

City Manager's Message
A general summary of the proposed budget presented as a part of, or a supplement to the budget
document. The budget message explains major budget issues as related to the financial experience
in recent years and presents recommendations made by the City Manager.

Capital Asset
An asset which costs more than $3,000 and has a useful life greater than one year.

Capital Expenditures
Decrease in resource for the acquisition of major, long term capital assets.

Cletran
A unit of the city of Cleburne which provides regional transportation between the cities of
Cleburne, Joshua and Burleson.

Contractual Obligations
Bonds used to finance personal property such as vehicles, equipment, computers, radio systems,
etc. No real property may be purchased or improved. The repayment of these bonds is made from
property taxes. These bonds are backed by the full faith and credit of the issuing government.

Department
A functional unit of the City containing one or more divisions.

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