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general fund provides a majority of city services to the <br />residents of South Bend. <br />GN/GN Program Good Neighbors/Good Neighborhoods Program. <br />Grants Contributions or gifts of cash or other assets from another <br />government to be used or expended for a specified purpose <br />or activity. <br />G O Bonds General Obligation Bonds are obligations payable out of ad <br />valorem taxes levied and collected on all of the taxable <br />property in the political subdivision issuing the bonds. <br />Infrastructure Facilities on which the continuance and growth of the <br />community depend, such as streets, waterlines, etc. <br />Intergovernmental Revenue Revenue from other governments (i.e., County, State, <br />Federal) in the form of grants, entitlements, shared <br />revenues, or payments in lieu of taxes. <br />Internal Service Fund A fund used to account for the financing or services <br />provided by one department to other departments of <br />the City. Internal service funds are usually operated like <br />an enterprise fund. <br />I5TEA Inter-Modal Surface Transportation Enhancement Act. <br />Lapsing Appropriation An appropriation is made for a certain period of time, <br />generally for the budget year. At the end of the specified <br />period, any unexpended or unecumbered balance lapses or <br />ends, unless otherwise provided by law. <br />Lease-Purchase Agreements Contractual agreements which are termed "leases" but <br />which in substance amount to purchase contracts for <br />equipment and machinery. <br />Lpng-Term Debt Debt with a maturity of more than one year after the date of <br />issuance. <br />LQIT Local Option Income Tax (options include COIT -County <br />Option Income Tax or EDIT -Economic Development <br />Income Tax). <br />Major Budget Classification One of the four major classifications of expenses for <br />which appropriations are made under the uniform <br />budget system prescribed for cities and towns. The major <br />E-4 <br />