FY 2021 2122 ADOPTED OPERATING AND FY 2021 2526 CIP BUDGETS

Glossary (continued)

Special Revenue Fund Separate fund used to account for the proceeds of special revenue sources that are restricted by law (or administrative action) to expenditures for specific purposes. Transit Occupancy Tax (TOT) Tax on persons staying 30 days or less in a hotel, inn, motel, tourist home, non-membership campground, or other lodging facility. Morgan Hill Tourism Business Improvement District (MHTBID) The assessments levied for the MHTBID shall be applied toward sales and marketing programs and sports facility management to market assessed lodging businesses in Morgan Hill as tourist, meeting, and event destinations. The annual assessment rate is one and a one-half of one percent ( 1. 5%) of gross short-term room rental revenue. Based on the benefit received, assessments will not be collected on: stays of more than thirty ( 30) consecutive days; stays by any officer or employee of a foreign government who is exempt by reason of express provision of federal law or international treaty; and stays pursuant to contracts executed prior to December 31, 2018.

UI Unemployment Insurance

User Charges The payment of a fee for direct receipt of a public service by the party benefiting from the service.

Year-End This term means as of June 30th (end of fiscal year)

Year-to-Date This term means, a period, starting from the beginning of the current fiscal year and continuing up to the present or stated date/month.

Yield The rate earned on an investment based on the price paid.

64 GENERAL INFORMATION