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B - 7 City of Pleasanton Operating Budget • FY 2023/24 - FY 2024/25 APPENDIX B Capital Improvement Program A long-range financial plan detailing all funding sources and planned expenditures for capital planning and capital improvement projects. Capital Outlay Expenditures which result in the acquisition of, or addition to, fixed assets. A capital item is tangible, durable, non-consumable, costs $10,000 or more and has a useful life of more than ten years. Carryover or Carry Forward Process of carrying a budgeted and encumbered item from the current fiscal year to the next fiscal year. For example, a purchase order for a budgeted computer purchase is placed in FY 2016/17. The budget for FY 2017/18 did not include a purchase of a computer. The unspent FY 2017/18 budget is adjusted (increased) for this purchase. Cash Basis or Cash Method Is an accounting method that recognizes income and deductions when money is received or paid. The modified accrual method is the preferred method for government organizations. Community Development Block Grant Program Funded by the Department of Housing and Urban Development of the Federal Government. Community Facilities District These funds account for special benefit assessments levied for a variety of allowable uses, including but not limited to police services, joint use school facilities and library facilities. The allowable uses of the funds are governed by the formation documents of each individual District. Compensation Direct and indirect monetary and non-monetary rewards given to employees on the basis of the value of the job, their personal contributions and their performance. These rewards must meet both the organization’s ability to pay and any governing legal regulations. Contractual Services A series of object codes, which include the expense of custodial, janitorial and other services, procured independently by contract or agreement with an individual, firm, corporation or other governmental units. Controllable Costs Costs that can be influenced by the department involved, unlike other fixed costs such as rent, which is contracted by lease in advance. Cost Accounting The continuous process of analyzing, classifying, recording and summarizing cost data within the confines and controls of a formal cost accounting system and reporting them to users on a regular basis. Cost Basis Original price of an asset, used in determining depreciation and capital gains or losses. It usually is the purchase price, but in the case of an inheritance or gift is the market value of the asset at the time of receipt.