FY 2425 2526 Recommended Operating Budget

Glossary (continued)

EPA NPDES Environmental Protection Agency National Pollutant Discharge Elimination System Permitting Program - industrial, municipal, and other facilities must obtain permits if their discharges go directly to surface waters.

Expenditures The payment against an appropriation for goods received or services rendered.

Fiscal Year The twelve - month period beginning July 1st and ending the following June 30th.

FTE Full Time Equivalent: One or more employees positions totaling one full year of service or approximately 2080 hours a year. Fund An independent fiscal and accounting entity with a self - balancing set of accounts recording cash and/or other resources together with all related liabilities, obligations, reserves, and equities which are segregated for the purpose of carrying on specific activities or attaining certain objectives. Fund Balance Remaining balance available following the reduction for resources not available for spending or “ legal restrictions ” (reservation) and intended future use of resources (designation). GAAP Generally Accepted Accounting Principles - the standard framework of guidelines for financial accounting. It includes the standards, conventions, and rules accountants follow in recording and summarizing transactions, and in the preparation of financial statements.

GENERAL INFORMATION 69