J - Monroeville

MUNICIPALITY OF MONROEVILLE2012 BUDGETGLOSSARYACTIVITYACTIVITYCLASSIFICATIONALLOCATIONANNUAL OPERATINGBUDGETAPPROPRIATIONA specific and distinguishable line of work performed by oneor more organizational components of a government for thepurpose of accomplishing a function for which thegovernment is responsible.Expenditure classification according to the specific lines ofwork performed by organizational units.A part of a lump-sum appropriation which is designated foran expenditure by specific organizational units and/or forspecific purposes, activities, or objects.A plan of financial operation approved by the MunicipalCouncil embodying an estimate of proposed expendituresfor a given fiscal year and the proposed means of financingthem.A legal authorization granted by Municipal Council to makeexpenditures and to incur obligations for specific purposes.A general fund appropriation is limited in amount and as tothe budget year when it may be expended.ASSESSED VALUATION A valuation set upon real estate or other property by agovernment as a basis for levying taxes.BUDGETCAPITAL OUTLAYSee ANNUAL OPERATING BUDGET.This account includes land, buildings, bridges, streets andsewers, sidewalks and equipment of all kind expected tohave a remaining life of more than one year; are fixed assetswhen defined as items of more or less permanent propertynecessary to the operation of the Municipality; must not beconsumed or materially reduced in value in their use; musthave a unit cost of $5,000.00 or more. .·207 -