Complete Document - City of Auburn

City of AuburnFY03 & FY04Biennial BudgetGlossarypage fiveMoody’sMoody’s Investors Service, one of the national credit ratingAgencies (see “credit rating”).Non- Expenditures or expenses not specifically associated with anydepartmental individual department or division.OFSOther financing sources.OtherfinancingsourcesOFUOtherfinancingusesPCPersonalservicesPrincipalProgramPurchaseorderReferendumRevenueRetainedearningsRevenuesROWSpecialRevenueFundsInflows of financial resources other than from revenues, such asfrom borrowing proceeds or the receipt of resources transferredfrom another fund.Other financing uses.Outflows of financial resources other than for expenditures, such asfor transfers of resources to other City funds or component units orfor deposit of refunding bond proceeds with a trustee/escrow agent.Personal computer. A computer designed to be used by oneperson at a time.Expenditure category including all salaries, wages, and fringe benefitsexpenditures paid to or on behalf of the government’s employees.Fringe benefits include FICA, State of Alabama retirement, medicalinsurance, dental insurance, life insurance, workers compensation,education assistance and other employee benefits.The face or par value of bonds or warrants payable at maturity.A group of activities, operations or departments or divisions focusedOn achieving specific objectives.A written document issued by an entity to a vendor for ordering goodsor services. The purchase order (P.O.) obligates the issuer to pay forthe goods or services specified therein upon delivery.A direct vote of the Auburn citizens to decide local issues.Increases in a fund’s net financial resources, typically resultingfrom such things as the collection of taxes, fees, charges forservices and earnings on invested resources.An equity account showing the accumulated net earnings ofproprietary fund types.In governmental fund types, increases in net current assets otherthan from transfers in and debt proceeds. In proprietary fund types,increases in the net total assets other than from transfers in andcapital contributions.Right-of-Way. The real property that a governmental or utilityagency has the right to declare as public use property fortransportation or utility purposes.Funds used to account for specific revenue sources restricted bylaw to expenditures for specified purposes.17