2017 Adopted Budget - Laserfiche WebLink

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PERFORMANCE MEASURE. See Service Levels. PERSONAL SERVICES: Expen d itu res: for salaries, wages, and fringe benefits. of employees, PROGRAM: A group of related activities performed by on 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 operation, 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: A broad statement of the goals, in terms of meeting public service needs, that a department is organized to meet. REFUNDING BONDS: Bonds issued to retire.bonds 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 some. future use and which is, therefore, not available for fu..rther appropriation or expenditure. RESOLUTION: A special or temporary order of a legislative 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: f}.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.4) does riot 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 specificimprovement 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