J - Monroeville

MUNICIPALITY OF MONROEVILLE2012 BUDGETCAPITAL PROGRAMCOMMODITIESCONTRACTUALSERVICEDEBT SERVICEDEFICITEXPENDITURESFISCAL YEARFUNCTIONFUNDA plan for capital expenditures to be incurred each year overa fixed period of years to meet capital needs arising from thelong-term work program or otherwise. It sets forth eachproject or other contemplated expenditure in which thegovernment is to have a part and specifies the full resourcesestimated to be available to finance the projectedexpenditures.This account includes expenses for supplies, small tools,materials, and repair parts for equipment used by theMunicipality in its various activities.This account includes expenses for services resulting from acontract performed for the Municipality by individuals andbusiness concerns, as distinguished from such work andservices performed by employees on the Municipality'spayroll, as long as the services do not result in a permanentasset.The payment of general long-term debt principal and interestincurred by the Municipality.The excess of expenditures over revenues during anaccounting period.Decreases in net financial resources. Expenditures includecurrent operating expenses which require the current orfuture use of net current assets, debt service, and capitaloutlays.The 12 month period between January 1st and December31 st to which the annual operating budget applies and at theend of which a government determines its financial positionand the results of its operations.A group of related activities aimed at accomplishing a majorservice or regulatory program for which a government isresponsible. For example, public safety is a function.A fiscal and accounting entity with a self balancing set ofaccounts recording cash and other financial resources,together with all related liabilities or balances and changestherein, which are segregated for the purpose of carrying onspecific activities or attaining certain objectives in- 208·