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GLOSSARY OF TERMS <br /> DEBT SERVICE FUNDED PROJECT <br /> The amount of money needed to make periodic Funded projects are those capital projects where <br /> payments on the principal and interest on an out- resources necessary to complete them have been <br /> i standing debt. Debt service is usually expressed as identified. Both unfunded and funded projects are <br /> an annual amount. included in the CIP to provide a complete listing of <br /> capital needs throughout the City. See also <br /> ENTERPRISE FUND "Unfunded Project." <br /> A fund established to account for operations that <br /> are financed and operated in a manner similar to GENERAL CAPITAL PROJECTS FUND <br /> j private business enterprises. They are usually self- Capital fund used to account for all fmancial <br /> supporting. In Eugene, the airport operations are resources for capital.activities, except those required <br /> accounted for as an Enterprise Fund, for example. to be accounted for in another fund. Source of rev- <br /> enue is the General (operating) Fund of the City. <br /> EXPENDITURES Only expenditures related to capital activities are . <br /> Expenditures include current departmental expen- made from this fund. <br /> ditures (personnel services, services and materials, <br /> capital outlay) and nondepartmental expenses (in- GENERAL FUND <br /> terfund transfers., loans, debt service, contingency, General operating fund of the City. The General <br /> reserves, balance available and unappropriated end- Fund is used to account for all fmancial resources <br /> ing fund balance). except those required to be accounted for in another <br /> fund. Principal sources of revenue are property tax- <br /> <br /> i FISCAL YEAR es, charges for services and intergovernmental rev- - <br /> A 12-month period that determines the time frame enues. Primary expenditures of the General Fund <br /> <br /> ~ for fmancial reporting, budgeting and accounting. are made for public safety, parks, recreation and cul- <br /> At the end of the fiscal year, the fmancial position tural services and general administration. <br /> and results of operations are determined. For the <br /> City of Eugene, the fiscal year is July 1 to June 30. <br /> D <br /> GENERAL OBLIGATION G O. BON <br /> ( ) <br /> FUND A bond that is secured by the pledge of a govern- <br /> A fiscal and accounting entity to record cash and ment's "full faith and credit". General obligation <br /> .other fmancial resources, related liabilities, bonds issued by a local government are secured by <br /> balances and changes, all segregated for specific, the government's ad valorem taxing power, which is - <br /> regulated activities and objectives. Each fund is typically not subject to a constitutional limitation on <br /> established for the purpose of carrying out specific the tax rate. In Oregon, Measure 5 and Measure 50 <br /> activities or to attain certain objectives in define those general obligation bonds that are <br /> accordance with legal restrictions or agreements. excluded from the MS tax rate limits. <br /> FUND TYPE INFRASTRUCTURE ; <br /> There are seven generic governmental fund types: Public domain fixed assets such as roads, bridges, <br /> General, Special Revenue, Debt Service, Capital streets and sidewalks and similar assets that are im- ` <br /> Projects, Enterprise, and Internal Service Funds. movable and of value only to the government unit. <br /> INTERGOVERNMENTAL REVENUE <br /> The City receives grants from the federal, state and <br /> local governments, as well as a share of the state's <br /> cigarette and liquor taxes. <br /> City of Eugene 2004 - 2009 Capital Improvement Program <br /> Page 121 <br /> <br />