Accrual Basis of Accounting
A method of accounting that recognizes the financial effect of transactions, events, and inter-fund activities when they occur, regardless of the timing of related cash flows.
Adjusted / Amended Budget
The adopted budget plus any modifications (increases, decreases and transfers) approved by the City Council during the fiscal year.
Annual Comprehensive Financial Report (ACFR)
The summarization of the City's financial activity for the previous fiscal year which also includes a summarization of significant milestones that were accomplished during the year by department, fiscal policies, and statistical information. The ACFR is prepared by December of each year. The air pollution control agency for the four-county region including Los Angeles and Orange counties, as well as parts of Riverside and San Bernardino counties (www.aqmd.gov).
Air Quality Management District (AQMD) Air Quality Management Plan (AQMP)
A plan developed by the AQMD that serves as the blueprint for all the future rules necessary to bring the area into compliance with federal and state clean air standards.
Allocation of Funds
Setting aside funds for a specific purpose or program. An allocation of funds makes them available for expenditure.
Appropriation
A specific amount of money authorized by the City Council for an approved work program.
American Rescue Plan Act (ARPA)
Signed into law on March 11, 2021, The American Rescue Plan Act of 2021 (“ARPA”) provides $350 billion in additional funding for state and local governments responding to impact of the COVID-19 pandemic.
Arterial Highway Financing Program (AHFP) Assessed Property
A Measure M funded program for pavement rehabilitation projects on arterial roadways in the county.
The value set upon real estate or other property by the County Tax Assessor.
Assessed Valuation
A measure of the taxable value of property located within the City against which the tax rate is applied.
Assessed Valuation (Secured)
That part of the assessment roll containing state assessed property and property the taxes on which are a lien on real property sufficient to secure payment of taxes.
Assessed Valuation (Unsecured)
The remainder of the assessment roll that is not on the secured roll. The taxes on the unsecured roll are a personal liability of the assessed owner.
Assessment District (AD)
A separate unit of government that manages specific resources within defined boundaries. Through self-financing, it can raise predictable funds, such as taxes, user fees or bonds, directly from the people who benefit from the services.
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