J - Monroeville

MUNICIPALITY OF MONROEVILLE2012 BUDGETaccordance with special regulations, restrictions, orlimitations.FUND TYPEGENERAL FUNDIn governmental accounting, all funds are classified intoeight generic fund types: General, Special Revenue, DebtService, Capital Projects, Enterprise, Internal Service, andTrust and Agency.The fund used to account for all financial resources exceptthose required to be accounted for in another fund. TheGeneral Fund is supported by taxes and fees.GENERAL OBLIGATIONSBONDSBonds for the payment of which the full faith and credit ofthe issuing government are pledged.NON·GOVERNMENTALDISBURSEMENTOBJECT OFEXPENDITUREOBJECT CLASSOBLIGATION BONDSOPERATING EXPENSEThis account includes transfers to other refunds.This term applies to the article purchased or the serviceobtained, as distinguished from the results obtained fromexpenditures.Expenditure classification according to the types of itemspurchased or services obtained; for example, personnelservices, contractual services, and commodities.See GENERAL OBLIGATION BONDS.Expenses which are directly related to the fund's primaryservice activities.PERSONNEL SERVICES This account includes salaries and wages of employees onthe Municipality's regular or temporary payroll.PROGRAMREVENUESSHORT TERM DEBTA group of related activities performed by one or moreorganizational units for the purpose of accomplishing afunction for which the Municipality is responsible.Increases in governmental fund type net current assets fromother than expenditure refunds and transfers.Debt with a maturity of five years or less after the date ofissuance; for example, tax anticipation notes and bond issuenotes·209·