FY 2014 Popular Annual Financial Report FY 2014 Popular Annual Financial Report | Page 21

Accounting Terminology
General Fund The chief operating
fund of the City
Enterprise Funds Water, Sewer and
Storm Water Utilities funded by
fees charged to users
Capital Outlay Funds spent to
purchase or construct buildings,
machinery, vehicles, etc.
Total Fund Balance The difference
between assets and deferred
outflow of resources and liabilities
and deferred inflow of resources
of a fund
Nonspendable Fund Balance The
portion of fund balance that
cannot be spent because the
underlying resources are not in
spendable form
Restricted Fund Balance The portion
of fund balance that represents
resources subject to externally
enforceable constraints
Committed Fund Balance The
portion of fund balance that
represents resources whose
use is subject to legally binding
constraints imposed by the City
itself
Assigned Fund Balance The portion
of fund balance set aside by the
City for a particular purpose
Unassigned Fund Balance The
difference between total fund
balance and its nonspendable,
restricted, committed and
assigned components
Government-wide The City as a
whole
Governmental Activities The City’s
basic services such as Police, Fire,
Public Works and Parks which are
mostly funded by property tax,
sales tax and franchise fees
Infrastructure Assets Stationary
assets of the City that include
streets, sidewalks, water, sewer
and drainage systems
Net Position The difference between
assets and deferred outflow
of resources and liabilities and
deferred inflow of resources for
the City as a whole
TMRS Texas Municipal Retirement
System

Trend V