FY 2013 Proposed Budget Book - Home | Orange County Gov FL

EXPENDITURE CATEGORIES
Personal Services
The costs related to compensating employees, including salaries and wages and fringe benefit costs.
Operating Expenses
The costs of day-to-day operations that include office supplies, equipment, maintenance of equipment,
utilities, and insurance.
Capital Outlay
The appropriation for the acquisition or construction of physical assets or items with a unit cost of $1,000
or more.
Capital Improvements
Physical assets constructed or purchased that have a minimum useful life of 10 years and a minimum cost
of $25,000. These may include buildings, recreational facilities, road and drainage structures, water and
wastewater structures, and equipment.
Debt Service
The expense of retiring such debts as loans and bond issues that includes principal and interest payments,
payments for paying agents, registrars, and escrow agents.
Grants
A contribution of assets by the County to another organization for a specific purpose.
Reserves
An account used to indicate that a portion of a fund’s balance is set aside because of legal requirements or
to provide a safety net for unexpected expenses, such as a natural disaster. Reserves are also used for debt
service to ensure no interruption in bond payments as required by bond covenants.
Interfund Transfers
Budgeted amounts transferred from one governmental accounting fund to another for services provided or
for operational purposes.
Other
Other expenses include items such as depreciation expense and transfers to other funds.
Revenues and Expenditures Summary Section 2 - pg. 5