2020 Adopted Budget - Laserfiche WebLink

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PERFORMANCE MEASURE See Service Levels. PERSONAL -SERVICES: Expendituresfor salaries, wages,. and .fringe benefits of..ernployees. 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 expenditures related to the protection of persons and property. PUBLIC WORKS: To account for expenditures. for themaintenance 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 ponds already outstanding. REIMBURSEMENT: Cash or other assets received as a repayment. of the. cost of worm 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 @ 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 ternpora.ry 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. REVENUEN The term designates an increase. to a funds assets which:.1} does not.in.crease a lialaility; 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 1n contributed capital. REVENUE BOND:. A bond that is backed by a particular revenue. source such as water user fees.. SERVICE LEVELS: Data to determine haw 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. 76