Page 144 - CityofBurlesonFY26Budget

Hotel/Motel Fund is used to account for the receipts and allocation of the City’s 7% room
occupancy tax imposed on the rental of hotel-motel room located within the corporate city limits
and extraterritorial jurisdiction of the City.

Hotel/Motel Tax
A tax levied upon the occupancy of any room or space furnished by any hotel where such cost of
occupancy is at the rate of two ($2.00) dollars or more per day. In Burleson and its extraterritorial
jurisdiction, a room tax of seven (7%) is levied. Revenue from this tax is used by the City and
Burleson Area Chamber of Commerce for promoting and advertising the City.

Income
A term used in proprietary fund type accounting to represent (1) revenues or (2) the excess of
revenues over expenses.

Inter fund Transfers
Amounts transferred from one fund to another.

Internal Service Fund
Funds used to account for the financing of goods or services provided by one department to other
departments on a cost-reimbursement basis. In Burleson, the Equipment Services Fund, Vehicle
Replacement Fund and Support Services Fund are internal service funds.

Levy
(Verb) To impose taxes, special assessments, or service charges for the support of governmental
activities. (Noun) The total amount of taxes, special assessments, or service charges imposed by a
government.

Modified Accrual Basis
The accrual basis of accounting adapted to the governmental fund type spending measurement
focus. Revenues are recognized when they become both "measurable" and "available" to finance
expenditures of the current period. Expenditures are recognized when the related fund liability is
incurred except for (1) inventories of materials and supplies which may be considered expenditures
either when purchased or when used;
(2) prepaid insurance and similar items which need not be reported; (3) accumulated unpaid
vacation, sick pay, and other employee benefit amounts which need not be recognized in the
current period, but for which larger-than-normal accumulations must be disclosed in the notes
recorded when due rather than accrued; if approximately offset by interest earnings on special
assessment levies; and (5) principal and interest on long-term debt which are generally recognized
when due.

Old Town
Historic central business district.

Object Code
Expenditure classification according to the types of items purchased or services obtained, for
example, personal services, materials, supplies, and equipment.

137