2016 Adopted Budget - Laserfiche WebLink

Home

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 operation, such as actual assets, liabilities, reserves, fund balances, revenues, and expenditures, as distinguished from budgetary accounts. PUBLIC SAFETY: To account for expendituresrelated 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.further 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 hot accrued or collected, and bonds authorized and not Issued. REVENUE: The terra. designates an increase to a fund's' assets which:. 1 j 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 not represent an increase in .contributed :capital. REVENUE BOND: A bond that.. 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 .speci€ic 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