2018 Adopted Budget - Laserfiche WebLink

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PERFORMANCE MEASURE: See .Service Levels. PERSONAL SERVICES: Expenditures for salaries, wages, and fringe benefits of employees.. PROGRAM: A. group of related activities performed by one or more organizational units for the purpose of accomplishing a function for which the governmental unit is responsible:. PROJECT: A plan of work, job assignment, or task. PROPRIETARY ACCOUNTS: Those accounts which show actual.financial position and ❑peratlon, such as actual assets, liabilities, reserves, fund balances, revenues, and expenditures, as distinguished from budgetary accounts.. PUBLIC SAFETY: To account for expenditures. related to the protection of persons and property. PUBLIC WORKS- To account for expenditures. for the maintenance of Township property and infrastructure.. PURPOSE: Abroad. statement of the goals, in..terms of meeting :public service needs, that a department is organized to meet. REFUNDING BONDS:; Bonds issued to retire bands already outstanding. REIMBURSEMENT: Cash or other assets received as a repayment. of the cost. of work or services performed or of other expenditures made for or on behalf of another governmental unit or department or for an individual, firm, or corporation. RESERVE: An account which. records a portion of the fund balance which must be segregated for soiree future use and which is, therefore, not available for further appropriation or expenditure. RESOLUTION: A. special or temporary order of a.le.gislative'body; an order of a legislative body requiring less legal formality than an ordinance or statute. RESOURCES: The actual assets of a governmental unit, such as cash, plus contingent assets.such as. estimated revenues applying to the current fiscal year not accrued or collected, and bonds authorized and not issued. REVENUE: The term designates an increase to a funds assets which: 1) does not increase a liability, 2) does. not represent a repayment.of an expenditure already made; 3) does not represent a cancellation of certain liabilities;. and:4j does not represent an increase in contributed capital. REVENUE BOND: A bond that is backed by a. particular revenue source such as water user fees. SERVICE LEVELS: Data to determine how effective or efficient a program is in achieving its. objective. SPECIAL ASSESSMENT: A compulsory levy made by a local government against certain properties to defray part or all of the cost of a specific improvement or service which is presumed to be of general benefit to the public and of special benefit to such. properties. SPECIAL REVENUE FUND: To account for revenue derived from specific.revenue sources that are legally restricted for specific purposes. 70