Operating and CIP Budget Fiscal Year 2015-16
Glossary (continued)
Debt Service Payment of interest, and repayment of principal to holders of the City’s debt instruments.
CITY OF MORGAN HILL FY 15-16 OPERATING AND CIP BUDGET CITY OF MORGAN HILL FY 15-16 OPERATING AND CIP BUDGET CITY OF MORGAN HILL FY 15-16 OPERATING AND CIP BUDGET CITY OF MORGAN HILL FY 15-16 OPERATING AND CIP
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
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 en- terprises. 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
EPA NPDES Environmental Protection Agency National Pollutant Discharge Elimination System (NPDES) Permitting Program - in- dustrial, 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.
CITY OF MORGAN HILL FY 15-16 OPERATING AND CIP BUDGET CITY OF MORGAN HILL FY 15-16 OPERATING AND CIP BUDGET CITY OF MORGAN HILL FY 15-16 OPERATING AND CIP BUDGET
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