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Capital Assets
Long-term assets, such as buildings, equipment and infrastructure, intended to be held or used in operations.
Capital Outlay
An expenditure which results in the acquisition of or addition to capital assets, and meets these criteria: having an anticipated useful life of more than one year;
can be permanently identified as an individual unit of property; belonging to one of the following categories - land, buildings, machinery and equipment, or
infrastructure; constitutes a tangible, permanent addition to the value of City assets; cost generally exceeds $5,000; does not include repair or maintenance; and
is not readily susceptible to loss. In the budget, capital outlay is budgeted as expenditures in all fund types.
Capital Improvement Program
A plan for purchasing capital expenditures over a period of years to meet capital needs arising from the long-term work program. It sets forth each project or
other contemplated expenditure in which the City is to have a part and specifies the full resources estimated to be available to finance the projected
expenditures.
Capital Project Fund
A fund used to account for the financial resources to be used for the acquisition or construction of major capital facilities, infrastructure, or equipment, usually
financed by the issuance of debt.
Certificates of Obligation
Tax-supported bonds that are similar to general obligation bonds and can be issued after meeting strict publication requirements and with final approval of the
City Council.
Certified Appraisal Roll
The final property appraisals roll, as calculated by the Appraisal District (AD). The certified roll is required to be prepared by DCAD, TAD, EAD, and JCAD by
July 25 of each year.
City Charter
The document of a home rule City similar to a constitution, which establishes the City's government structure and provides for the distribution of powers and
duties among the various branches of government.
City Council
The elected governing body of the City, consisting of the Mayor and 8 Council members, collectively acting as the legislative and policy-making body of the City.
Contractual Services
The costs related to services performed for the City by individuals, business, or utilities.
Crime Control and Prevention Sales Tax
The Crime Control and Prevention District (CCPD) Sales Tax in Grand Prairie is a ¼-cent sales tax approved by voters to fund police department operations and
crime prevention efforts. Reauthorized in 2020 for an additional 20 years, the revenue is strictly dedicated to public safety and cannot be used for general city
expenses.
Current Taxes
Taxes levied and due within one year.
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