Page 145 - CityofBurlesonFY26Budget

Operating Budget
The budget that pertains to daily operation that provides basic governmental services. The
operating budget contains appropriations for such expenditures as personnel, supplies, utilities,
materials, travel, fuel, and capital equipment.

Payment in Lieu of Taxes (PILOT)
A fee charged to the Water and Wastewater Enterprise Fund and Solid Waste Fund to compensate
for property taxes lost due to municipal ownership. The ad valorem tax rate is applied to the book
value of the utility system.

Performance Measures
Performance measures reflect how well a program is performing its activities to meet the needs of
the public and the organization. They measure productivity, effectiveness, efficiency and/or the
impact of service provided.

Reserve
An account used to indicate that a portion of fund equity is legally restricted for a specific purpose.

Revenue Bonds
Bonds whose principal and interest are payable exclusively from earnings of an Enterprise Fund.
In addition to a pledge of revenues, such bonds sometimes contain a mortgage on the Enterprise
Fund's property.

Revenue
An increase in the governmental unit's current financial resources.

Sales Tax
A general "sales tax" is levied on all persons and businesses selling merchandise in the city limits
on a retail basis. Monies collected under authorization of this tax are for the use and benefit of the
City.

Service Enhancement
A request to budget an activity at a level above current service levels in order to achieve increased
objectives or new objectives. New programs may also be proposed.

TEX21
Abbreviation for "Transportation Excellence for the 21st Century", a statewide coalition of public
and private entities that are committed to determining comprehensive solutions to the transportation
challenges in Texas.

TIF
Acronym for Tax Increment Financing. It is a tool used for redevelopment and community
improvement projects.

Tax Rate

138