FY 2018-19 and 2019-20 Adopted Operating and CIP Budget

Glossary (continued)

Maturities The dates on which the principal or stated values of investments or debt obligations mature and may be reclaimed. Measure S On November 8, 2016 voters approved Measure S, extending the City’s Residential Development Control System (RDCS) to the year 2035, establishing a population ceiling of 58,200, with a slower rate of growth than currently exists, and improving policies to maintain neighborhood character, encourage more efficient land use, conserve water, and preserve open space. Morgan Hill Dennis Kennedy Aquatics Center Aquatics Center (AC) - features of the Aquatics Center include a 5,316 square foot recreation activity pool with interactive play structure and slide; 800 square foot interactive spray-ground; six lane instructional pool; 50-meter competition pool; two event rooms; locker rooms; two family changing rooms; shaded lawn and deck area. Modified Accrual Accounting Recognizes increases and decreases in financial resources only to the extent that they reflect near- term inflows and outflows of cash. Amounts are recognized as revenue when earned, only so long as they are collectible within the period or soon enough afterwards to be used to pay liabilities of the current period. MOU Memorandum of Understanding – The City of Morgan HiIl uses a MOU to define the relationship between the City and its represented employees. It creates a platform for a clear understanding of each party’s commitments/purpose. Operating Fund Resources derived from recurring revenue sources used to finance ongoing operating expenditures and pay-as-you-go capital projects.

OSC Outdoor Sports Center

OSHA Occupational Health and Safety Administration

POA Police Officer’s Association

POST Peace Officer Standards and Training

Property Taxes – Secured Taxes on real and personal property located upon that property of the same owner.

68 GENERAL INFORMATION