Level of Effort
Generally used to identify the number of staff providing a particular service. Level of services generally used to define the existing or current services, programs and facilities provided by government.
Levy
To impose taxes, special assessments or service charges for the support of governmental activities.
Local Agency Formation Commission (LAFCO) Local Agency Investment Fund (LAIF)
Reviews proposals for the formation of new local governmental agencies and changes of organization in existing agencies (www.oclafco.org).
A voluntary program created by statute in 1977 in which participating agencies (local governments and special districts) invest public funds.
Long-Term Debt
Debt with a maturity of more than one year after issuance.
Major Fund
A fund that comprises more than 10% of total citywide budgeted revenues and transfers- in and/or 10% of total budgeted appropriations and transfers-out.
Measure M
County-wide sales tax measure used to fund a variety of transportation related projects.
Measure M - Growth Management Area (M-GMA)
A county grant program that provides funding for projects that benefit the greatest number of jurisdictions within a designated growth management area (GMA) in Orange County. The primary objective of this program is to address current traffic deficiencies and the cumulative regional traffic impacts of development not addressed by specific project mitigation and existing system deficiencies. The non-competitive portion of the sales tax revenue generated through Measure M that is "turned back” to the City. Funds are restricted to circulation related projects (street, traffic signal, etc.) and are received quarterly.
Measure M – Turnback
Memorandum of Understanding (MOU) Modified Accrual
An agreement outlining the terms of employment entered into between the City and employees of various bargaining units.
Basis of accounting according to which (a) revenues are recognized in the accounting period in which they become available and measurable and (b) expenditures are recognized in the accounting period in which the fund liability is incurred, or measurable, except for un-matured interest on general long-term debt and certain similar accrued obligations, which should be recognized when due. NPDES – a permit program authorized by the Clean Water Act that controls water pollution by regulating point sources that discharge pollutants into waters of the United States.
National Pollutant Discharge Elimination System
Objective
Describes an outcome to be accomplished in specific, well-defined and measurable terms and is achievable within a specific timeframe; generally, programs have objectives.
Operating Budget
A budget for General Fund department service delivery expenditures such as salaries, utilities and supplies. The day-to-day costs of delivering essential City services.
211|Page
Made with FlippingBook - professional solution for displaying marketing and sales documents online