FY 2012 Popular Annual Financial Report FY 2012 Popular Annual Financial Report | Page 21

Accounting
Terminology
Enterprise Funds Water, Sewer and
Storm Water Utility funded by fees
charged to users
Capital Outlay Funds spent to
purchase or construct buildings,
machinery, vehicles, etc.
Fund Balance The difference between
assets and liabilities of a fund
Government-wide The City as a whole
Governmental Activities The City’s
basic services such as Police, Fire,
Public Works and Parks that are mostly
funded by property tax, sales tax and
franchise fees
Infrastructure Assets Stationary
assets of the City that include streets,
sidewalks, ݅ѕȰ