Enterprise Resource Planning System (ERP) Environmental Enhancement and Mitigation Program (EEMP) Environmental Impact Report (EIR)
Tustin utilizes Springbrook as its Enterprise Resource Planning System (ERP). Springbrook is a computerized accounting system used to coordinate the City’s general accounting, purchasing and utility billing processes.
A state funded grant program for projects related to environmental enhancement or design, particularly of transportation facilities.
A public document used by governmental agencies to analyze the significant environmental effects of a proposed project, to identify alternatives and disclose possible ways to reduce or avoid potential environmental damage. The California Environmental Quality Act requires an EIR whenever the initial study or other evidence in the record has produced substantial evidence that the proposed project might produce significant environmental effects.
Expenditure
The outflow of funds paid or to be paid for an asset, goods or services regardless of when the invoice is actually paid. This term applies to all funds.
Fair Housing Council of Orange County (FHCOC)
A private non-profit organization which fosters diversity in housing through education and the enforcement of state and federal fair housing laws (www.fairhousingoc.org).
Fees
A general term used for any charge levied by government for providing a service or permitting an activity.
Fiscal Year (FY)
Any period of 12 consecutive months designated as the budget year. Tustin’s budget year begins on July 1 and ends on June 30.
Fixed Asset
Assets that are long-term in nature such as land, buildings, machinery, furniture and other equipment. The City has defined such assets as those with an expected life in excess of five year and an acquisition cost in excess of $10,000. Revenue generated from taxes paid by a business that gave an exclusive contractual agreement to operate and use the public right-of-way in the City. These include retirement/pension; health, life, and disability insurance; workers’ compensation; and vacation, administrative, medical and special leave of absence time.
Franchise Tax
Fringe Benefits
Full-Time Equivalent (FTE)
Refers to part-time hours converted to one full-time equivalent position, which equals 40 hours per week, 52 weeks per year. (2080 hours per year)
Fund
A self-balancing set of accounts to record revenues and expenditures associated with a specific purpose.
Fund Balance
Within a specific fund, the funds remaining when all current and prior year liabilities (expenditures) are subtracted from current and prior year assets (revenues).
Gas Tax
State tax received from gasoline sales utilized solely for street related purposes, such as new construction, rehabilitation or maintenance.
General Fund
The primary operating fund of the City (as opposed to all other City funds, which are designated as “Special Funds”).
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