Complete Document - City of Auburn

City of AuburnFY03 & FY04Biennial BudgetGlossarypage threeDRRCEAMCEMSDean Road Recreation Center.East Alabama Medical Center located in Opelika, Alabama. TheCity of Auburn contracts with EAMC to provide emergency medicalservices.Emergency Medical Services.Encumbrance Funding commitment related to unperformed contracts for goodsand services.EnterpriseFundsEUDFunds used to account for activities that are operated andfinanced similar to private businesses—where the intent of thegovernment is that the costs of providing services or goods to thegeneral public on a continuing basis be recovered primarily throughuser charges.East University Drive.Expenditures Decreases in a governmental fund’s net financial resources resultingfrom the procurement of goods and services, the payment of principaland interest on general long-term debt and the transfer of resourcesto other entities.ExpensesFAAFBRCFICAFireinsuranceratingFirewallFiscal yearFundOutflows of net financial resources in a proprietary fund typically fromthe production and/or delivery of goods and services.Federal Aviation Administration.Frank Brown Recreation Center.Social Security and Medicare.A rating from 1 to 10 (with 1 being the best) assigned by theInsurance Services Office which reflects the adequacy of watersupply and quantity and quality of fire protection service.A dedicated “gateway” computer and related software that providesecurity measures to protect a network of more loosely administeredcomputers from being accessed by computer networks andindividuals outside the organization.A twelve-month budgeting period used by a government, notnecessarily a calendar year. The City of Auburn’s fiscal year beginsOctober 1 and ends September 30, as required by State law.An accounting entity comprised of a group of self-balancing accounts.Fund balance The excess or deficit of fund assets over fund liabilities ofgovernmental fund types.Fund equityFYThe excess or deficit of fund assets over fund liabilities of proprietaryfund types.Fiscal year (see above).General Fund The main operating fund of the City which is used to account for allCity financial resources except those required by generally acceptedaccounting principles to be accounted for in another fund.15