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GLOSSARY OF TERMS _ <br />CATEGORY <br />Capital projects in the CIP are grouped into specific <br />program categories by program. Categories in the <br />CIP are: Airport, Parks & Open Space, Public <br />Buildings & Facilities, Stormwater, Transportation, <br />and Wastewater. <br />DEBT <br />An obligation resulting from the borrowing of <br />money or from the purchase of goods and services. <br />Debt of governmental units can include such items <br />as general obligation bonds, revenue bonds, short- <br />term notes, lines of credit and leases. <br />FUND <br />A fiscal and accounting entity to record cash and <br />other financial resources, related liabilities, balances <br />and changes, all segregated for specific, regulated <br />activities and objectives. Each fund is established <br />for the purpose of carrying out specific activities or <br />to attain certain objectives in accordance with legal <br />restrictions or agreements. <br />FUND TYPE <br />There are seven generic governmental fund types: <br />General, Special Revenue, Debt Service, Capital <br />Projects, Enterprise, and Internal Service Funds. <br />DEBT SERVICE <br />The amount of money needed to make periodic <br />payments on the principal and interest on an out- <br />standing debt. Debt service is usually expressed as <br />an annual amount. <br />ENTERPRISE FUND <br />A fund established to account for operations that <br />are financed and operated in a manner similar to <br />private business enterprises. They are usually self- <br />supporting. In Eugene, the airport operations are <br />accounted for as an Enterprise Fund, for example. <br />EXPENDITURES <br />Expenditures include current departmental expen- <br />ditures (personnel services, services and materials, <br />capital outlay) and nondepartmental expenses (in- <br />terfund transfers, loans, debt service, contingency, <br />reserves, balance available and unappropriated end- <br />ing fund balance). <br />FISCAL YEAR <br />A 12-month period that determines the time frame <br />for financial reporting, budgeting and accounting. <br />At the end of the fiscal year, the fmancial position <br />and results of operations are determined. For the <br />City of Eugene, the fiscal year is July 1 to June 30. <br />FUNDING IDENTIFIED <br />This funding status represents projects with a high <br />likelihood of having available funding such as state <br />monies or ongoing grants. <br />FUNDING NOT IDENTIFIED <br />This funding status represents projects with a <br />funding status where funding has not been identified <br />within the six-year CIP Period. Generally, these <br />projects represent an unmet capital need. <br />FUNDING SECURED <br />This funding status represents projects with <br />secured/dedicated funding. such as SDC's and <br />Assessments funding sources. <br />FUNDING STATUS <br />Capital projects in the CIP are assigned one of four <br />funding status levels. Funding Secured, Funding <br />Identified, Funding Not Identified, and Placeholder. <br />See individual listing. <br />GENERAL CAPITAL PROJECTS FUND <br />Capital fund used to account for all fmancial <br />resources for capital activities, except those required <br />to be accounted for in another fund. Source of rev- <br />enue is the General (operating) Fund of the City. <br />Only expenditures related to capital activities are <br />made from this fund. <br />City of Eugene 2008 - 2013 Capital Improvement Program <br />234 <br />