GRANTS A contribution by a government or organization to support a particular function. Grants may be classified as either operational or capital, depending upon the grantee. HOURLY An employee who fills a temporary or short term position. Such employees provide contingency staffing for government operations during peak workloads, or to address temporary staffing needs. Hourly employees are paid on a per-hour basis and receive limited benefits. INFRASTRUCTURE The physical assets of a government (e.g., streets, water, sewer, public buildings and parks). LEVY A compulsory collection of monies (see "Taxes"). LINE ITEM BUDGET A budget prepared departmental lines that focus on what is to be bought. LINE ITEM The smallest unit of budgetary expenditure coding. Line items are listed according to a four-digit "object code". For example, the 0500 Line item series denotes "Personnel Services". (See "Expenditure" for descriptions of categories). LONG-TERM DEBT Debt with a maturity of more than one year after the date of issuance. MILL The traditional unit of expressing property tax rates, equivalent to one-thousandth of a dollar, or $1 tax per $1,000 assessed valuation. PURPOSE A broad statement of the goals, in terms of meeting public service needs. RESERVE An account used either to set aside budgeted revenues that are not required for expenditure in the current budget year or to earmark revenues for a specific future purpose. RESOLUTION A special or temporary order of a legislative body; an order of a legislative body requiring less legal formality than an ordinance or statute. RESOURCES Total amounts available for appropriation including estimated revenues, fund transfers and beginning balances. REVENUE Sources of income financing the operations of government. Revenue category codes are listed below:
GRANTS A contribution by a government or organization to support a particular function. Grants may be classified as either operational or capital, depending upon the grantee. HOURLY An employee who fills a temporary or short term position. Such employees provide contingency staffing for government operations during peak workloads, or to address temporary staffing needs. Hourly employees are paid on a per-hour basis and receive limited benefits. INFRASTRUCTURE The physical assets of a government (e.g., streets, water, sewer, public buildings and parks). LEVY A compulsory collection of monies (see "Taxes"). LINE ITEM BUDGET A budget prepared departmental lines that focus on what is to be bought. LINE ITEM The smallest unit of budgetary expenditure coding. Line items are listed according to a four-digit "object code". For example, the 0500 Line item series denotes "Personnel Services". (See "Expenditure" for descriptions of categories). LONG-TERM DEBT Debt with a maturity of more than one year after the date of issuance. MILL The traditional unit of expressing property tax rates, equivalent to one-thousandth of a dollar, or $1 tax per $1,000 assessed valuation. PURPOSE A broad statement of the goals, in terms of meeting public service needs. RESERVE An account used either to set aside budgeted revenues that are not required for expenditure in the current budget year or to earmark revenues for a specific future purpose. RESOLUTION A special or temporary order of a legislative body; an order of a legislative body requiring less legal formality than an ordinance or statute. RESOURCES Total amounts available for appropriation including estimated revenues, fund transfers and beginning balances. REVENUE Sources of income financing the operations of government. Revenue category codes are listed below:
Readers-Guide-FY2017.docx