2012 Budget Summary - Chicago Park District

Glossarywith Disabilities Act (ADA) standards, providing programming and personnel-related costs tothe operations of said programs.Supplemental AppropriationAn additional appropriation made by the governing body after the fiscal year has commenced.Tax Anticipation Warrants (TAWs)Warrants issued in anticipation of collection of taxes and usually retired from tax levy proceeds.Generally, the tax anticipation note is issued by a state or local government with theunderstanding that a certain amount of taxes will be collected within an appreciable period oftime. The note allows the municipality to fund capital projects now rather than waiting for theactual collection of the taxes.Tax LevyThe total amount of property taxes to be collected for a specific fiscal period.User FeesThe payment of a fee for direct receipt of a Park District Service; for example, day camp fees.Acronyms:CEO – Chief Executive OfficerCIP – Capital Improvement PlanCPD – Chicago Park DistrictCPS – Chicago Public SchoolsDCEO – Department of Commerce and Economic OpportunityECSE – Environmental, Culture and Special EventsFTE – Full Time EmployeeGAAP – Generally Accepted Accounting PrinciplesGASB – Governmental Accounting Standards BoardHUD – Housing and Urban DevelopmentIDOT – Illinois Department of TransportationIDNR – Illinois Department of Natural ResourcesISBE – Illinois State Board of EducationOBM – Office of Budget and ManagementPBC – Public Building CommissionSRA – Special Recreation Activity141