2012-2013 Budget - City of Saginaw MI

PROPRIETARY FUND – A fund that accountsfor business-like operations that intend to recovertheir full cost through charges to customers andusers.R –RESOURCE ALLOCATION PLAN – TheCity’s revenue and expenditure plan for the fiscalyear.REVENUE – Money received or collected by theCity through taxation, licenses, grants, fees, fines,forfeitures, charges, investments, and interfundtransfers.REVENUE BOND – Long-term borrowing thatis backed by the revenues from a specific projectsuch as water or sewer system improvement.REVENUE STABILIZATION RESERVE –Revenue stabilization reserve that providesresources when tax revenues temporarily decline(as the result of a recession, the loss of a majortaxpayer, or other similar circumstance).RISK MANAGEMENT – The coordinated andcontinuous effort to minimize potential financialand human resource losses arising from workers’compensation, liability, and property exposures.S –SPECIAL REVENUE FUND – A fund used toaccount for the proceeds of specific revenuesources that are legally restricted to expendituresfor specified purposes.T –TARGET – The success measures of anorganization’s performance management systemand are defined by key performance indicators.Without performance targets the organization’svision cannot be quantified.TAX BASE – The total value of taxable propertyin the City.U –UNFUNDED LIABILITY – A liability thataccrues to a fund for which there is no source ofrevenue.UNIT – The smallest organizational componentwithin a bureau, which by design furtherdelineates the distribution of workload to achievea specific output or function.Y –YIELD – The rate of return earned on aninvestment based on the cost of the investment.446