FY 2425 2526 Recommended Operating Budget

Glossary (continued)

Debt Service Fund Used to account for the accumulation of resources for, and payment of, general long term debt. Deficit 1. the excess of an entity ’ s liabilities over its assets (see Fund Balance); or 2. the excess of expenditures or expenses over revenues during an accounting period. Discretionary Revenue Funds that the City Council has the authority to allocate for any purpose. Generally refers to General Fund, as opposed to Special Revenue Funds. EDEN Municipal software for financial and human capital management to be replaced by Tyler Enterprise ERP software. Encumbrance Obligations in the form of purchase orders or contract commitments which are chargeable to an appropriation and for which a part of the appropriation is reserved. Encumbrances are eliminated when paid or when a liability is recorded. Carryforward encumbrances are obligations and appropriations which are transferred to the subsequent fiscal year. Enterprise Fund Fund used to account for government operations that are financed and operated in a manner similar to business enterprises. These programs are entirely or predominantly self - supporting. Examples of Enterprise Funds are those used for sewer and water systems.

EOC Emergency Operations Center

EOP Emergency Operations Plan

GENERAL INFORMATION 68