Page 386 - CityofGrapevineFY26AdoptedBudget

Capital Improvement Program
General Obligation bonds and revenue bonds.

Capital Outlay

Certificates of Obligation –

Certification Pay

Charter - A document of a home rule city similar to a constitution. The City Charter establishes the City's government structure and provides for
City
the distribution of powers and duties among the various branches of government.

Community Development Block Grants (CDBG)

Contingency

Debt Service

Deficit -
income during an accounting period.

Department
operations within a functional area.

Depreciation

Division

EMS

EMT

Effective Tax Rate - State law in Texas prescribes a formula for calculating the effective tax rate for cities. The net effect of the formula is to produce a
tax rate that goes down when property values rise because of inflation and vice versa. The intent is to generate a rate that produces approximately the
same revenue as the year before. The formula does make adjustments for newly annexed property and newly constructed property.

Encumbrance

Enterprise Fund
intent to recover the costs of providing a service primarily through user charges.

EPA

Expenditures

Expenses

Fiduciary Fund

Fiscal Policy
investment. Reflect a set of principals for the planning and programming of government budgets.

Year - The time period designated by the City signifying the beginning and ending period for recording financial transactions. The City of
Fiscal
Grapevine has specified October I to September 30 as its fiscal year.

Fixed Assets
buildings, machinery and equipment.

Franchise Fee
receipts.

Full Funding

Full-Time Equivalent (FTE) -
approximately represents 2080 hours of work per year.

Fund - A fiscal and accounting entity with a self-balancing set of accounts in which cash and other financial resources, all related liabilities and
residual equities, or balances, and changes therein, are recorded and segregated to carry on specific operations.

Description of Funds:

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