FY 2425 2526 Recommended Operating Budget

Glossary (continued)

The Agency was responsible for many of the improvements to the City ’ s infrastructure (street and sewer improvements), renewal of the Downtown area, construction of community facilities, affordable housing, and economic development. Reserves An account used to indicate that a portion of fund equity is restricted for a specific purpose. Resources Total dollars available for appropriations including estimated revenues, fund transfers, and beginning fund balances. Revenues Total dollars received from taxes, fees, permits, licenses, interest, and intergovernmental sources including grants within the fiscal year. Revenue Bonds Bonds which pledge one specific revenue source to repayment. In addition to a pledge of revenues, such bonds sometimes may be secured by a lien against property. Revenue Estimate A formal estimate of how much revenue will be earned from a specific revenue source for some future period; typically, a future fiscal year. RHNA (Regional Housing Needs Allocation) State mandate that quantifies the need for housing within a jurisdiction during specified planning periods. SCRWA The South County Regional Wastewater Authority - handles the disposal and treatment of wastewater from Gilroy and Morgan Hill.

GENERAL INFORMATION 74