2004 Performance Based Budget - Laserfiche WebLink

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EBDA East Bank Development Area is one of the project areas within the SBCDA and a priority redevelopment project area (90 acres) that is being revitalized as a mixed use district of residential, office, entertainment and recreational uses. EDIT Economic Development Income Tax. Enterprise Fund A fund established to account for operations that are financed and operated in a manner similar to private business enterprises -where the intent of the governing body is that the costs of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges. Example: Water Utility and Sewage Utility. Encumbrance An obligation incurred in the form of a purchase order or contract which is to be met from an appropriation and for which a part of the appropriation is reserved. It ceases to be an encumbrance when paid. Fiscal Year A 12-month period to which the annual operating budget applies and at the end of which a government determines its financial position and the results of its operations. The City of South Bend's fiscal year is January 1 through December 31. Full-Time Equivalent (FTE) The hourly equivalent of a full-time employee. An FTE can be made up of either one full-time employee or two or more part-time employees whose total hours equa140 per week. Find Balance The balance remaining in a fund after expenditures have been subtracted from revenues. F1~nd "Cash" or a group of accounts set aside for the purpose of accounting for moneys or other resources of general functions or specific activities such as utilities, construction projects or other activities of a city or town in accordance with a system of accounts prescribed by the State Board of Accounts or as required by statute. GAAP Generally accepted accounting principles. General Fund The fund used to account for all financial resources except those required to be accounted for in another fund. The E-3