Page 385 - CityofGrapevineFY26AdoptedBudget

GLOSSARY

ADA

Ad Valorem Tax - Tax computed from the taxable valuation of land and improvements.

Account
expenditure, are recorded in accounts.

Allocation
objects.

Annual Comprehensive Financial Report (ACFR)

Appropriation

Assessed Valuation

Audit
of resources.

Authorized Positions

Balanced Budget
government.

Balance Sheet

BARF

Bond
specified dollar amount of interest at predetermined intervals. The City uses bonds to obtain long-term financing for capital projects.

Bond Covenant
in the repayment of the debt.

Bond Ordinance

Bond Funds

Budget - A financial plan for a specified period of time that matches all planned revenues and expenditures with various municipal services. It is the
primary means by which most of the expenditure and service delivery activities of a government are controlled.

Budget Amendment -

Budget Basis

Budget Calendar -

Budget Manual –
requests, and a description of the budget process.

Capital Assets –
bridges and water treatment plants.
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