FY 2425 2526 Recommended Operating Budget

Glossary (continued)

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.

PLAN JPA (Pooled Liability Assurance Network Joint Powers Authority) A joint powers insurance authority consisting of 28 member cities in the San Francisco Bay Area. Members of PLAN JPA collectively share the risk of self - insured losses and purchase a broad range of risk management services including, but not limited to

GENERAL INFORMATION 72