§ 106.103. Definitions.

In this chapter, unless the context otherwise requires:

(a)

Agency means and includes any unit or function of the Consolidated Government to which funds are specifically appropriated by the Council.

(b)

Appropriation means the setting aside of a sum of money by the Council for a particular purpose, with or without conditions as provided in the appropriating ordinance or resolution, as applicable, and includes the creation or increase of a reserve fund.

(c)

Bond funds means moneys derived from ad valorem bonds, revenue bonds, revenue certificates or other indebtedness of an agency.

(d)

Budget means a plan for or statement of estimated expenditures during a definite period of time and proposed methods of financing such expenditures.

(e)

Budget proposal means the consolidated legislative budget submitted by the Mayor, or the legislative budget submitted by an independent agency, to the Council for its consideration.

(f)

Capital outlay budget means a budget for acquiring or constructing a capital equipment item or capital outlay project, but does not include capital outlay included in the operating budget of a specific agency.

(g)

Capital outlay funds means the amounts appropriated for the purpose of acquiring or constructing a capital equipment item or capital outlay project, but does not include amounts appropriated as capital outlay in the operating budget of a specific agency.

(h)

Consolidated Government includes:

(1)

The departments, boards, offices and commissions within the executive branch.

(2)

The Offices of the Clerk of the Circuit and County Courts, of the Property Appraiser, of the Sheriff, of the Supervisor of Elections and of the Tax Collector.

(3)

Those agencies within the judicial branch eligible to receive appropriations from the Council.

(4)

The Council, the Office of the Council Secretary, the Council Auditor's Office and the various Council boards.

(5)

The independent agencies.

(i)

Current fiscal year means the fiscal year in progress.

(j)

Disbursement means the payment of an expenditure.

(k)

Encumbrance means the segregation of a specific amount of money in an appropriation for the purpose of paying an identified obligation.

(l)

Ensuing fiscal year means the fiscal year beginning immediately upon the completion of the current fiscal year.

(m)

Expenditure means the creation or incurring of a legal obligation to disburse money.

(n)

Expense means an obligation for the payment of money chargeable against an appropriation, whether arising by contract or otherwise.

(o)

Expense credit means an amount set aside by the Council as an offset against an appropriation, representing an intrafund or interfund transfer of revenues.

(p)

Future fiscal year means any fiscal year after the current fiscal year.

(q)

General government includes all of the agencies listed in paragraphs (1), (2), (3) and (4) of subsection (h).

(r)

Impoundment means:

(1)

Withholding or delaying the obligation or expenditure of appropriated funds (whether by establishing reserves or otherwise) provided for programs, activities or projects; or

(2)

Any other type of executive action or inaction that effectively precludes the obligation or expenditure of appropriated funds.

(s)

Indebtedness means the long-term debt of an agency, whether evidenced by ad valorem bonds, revenue bonds, revenue certificates or other instrument of indebtedness, and includes anticipation or temporary bonds or notes issued by an agency before delivery of the definitive bonds, certificates or other instrument of indebtedness.

(t)

Legislative budget means a request to the Council for the amounts of money the agency submitting the same believes will be needed in the performance of the functions that it is authorized, or which it is requesting authorization, by law to perform.

(u)

Major fund means the General Fund—General Services District, the General Fund—Urban Services District, the Enterprise Fund, the Internal Services Fund, the General Trust and Agency Fund, the Federal Fund and the Federal Revenue Sharing Trust Fund, as defined in Chapter 110.

(v)

Operating budget means a budget for carrying on the daily and assigned functions to an agency, and includes all activities which are not capital outlay activities.

(w)

Operating funds means the amounts appropriated to an agency for the purpose of carrying on its daily and assigned functions, and includes all amounts not identified or designated as capital outlay funds.

(x)

Past fiscal year means the fiscal year ended immediately before the beginning of the current fiscal year.

(y)

Previous fiscal year means any fiscal year before the current fiscal year.

(z)

Receipt means:

(1)

The collection of a revenue item into the hands of the Tax Collector or other person authorized to receive public money; or

(2)

A written document evidencing the receiving of public funds.

(aa)

Reserve or reserve fund means a sum of money set aside by the Council for a general purpose, but without specific allocation to an activity or project, to be transferred at a later date to specific activities or projects or to serve as a contingency fund for unexpected increases in the expenditures attributed to specific activities and projects within the general purpose of the reserve fund.

(bb)

Revenues means moneys derived from taxes, fees, rates, charges, fines and other sources of public moneys, and includes gifts, donations, contributions, grants, reimbursements and similar receipts, whether from private or public sources and however conditioned, limited or restricted.

(cc)

Revolving fund means a cash fund maintained within or outside the City Treasury and established from an appropriation, set up for specified purposes to yield repayments restoring the fund for use again.

(dd)

Subfund means individual funds within a major fund subdivided into separate financial self-balancing groups of accounts for budgetary accounting control purposes.

(Ord. 77-691-638, § 2; Ord. 83-591-400, § 1; Ord. 93-1772-1044, § 1; Ord. 2012-213-E, § 4)

Note— Former § 126.103.