2013 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 operation, such as actual assets, liabilities, reserves, fund balances, revenues, and expenditures, as distinguished from budgetary accounts. PUBLIC SAFETY: To account for expenditures.refated 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 cast 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 recordsa 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 not accrued or collected, and bonds authorized and. not issued. REVENUE: The terrn designates an increase to a funds assets which: 1) does not increase a liability; 2).does not represent a repayment of. 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 is backed by @: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. m