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B - 11 City of Pleasanton Operating Budget • FY 2023/24 - FY 2024/25 <br />APPENDIX B <br />Governmental Fund <br />This category of funds account for all records or operations not normally found in business, such as the <br />General Fund, Special Revenue Funds, Debt Service Funds and Capital Projects Funds. <br />Grant <br />A sum of money given by an organization or agency for a particular purpose. The use of grant funds must <br />be consistent with any funding conditions required by the grant. <br />Historical Cost <br />Actual expenses incurred during the previous fiscal years. The basis for how trends are determined. <br />Accounting principle requiring that all financial statement items be based on original cost or acquisition <br />cost. <br />Hourly Billing Rate <br />The rate of a position on an hourly schedule including the cost of the positions hourly salary plus the <br />hourly fringe benefit costs, plus the division or department overhead costs, plus the City’s general and <br />administrative costs. This “Total” labor cost per hour is used to determine various costs of services provided <br />to the public. <br />Indirect Cost <br />Costs not directly accountable to a cost object but included in total cost overhead. <br />Inflation <br />Rise in the prices of goods and services, as happens when spending increases relative to the supply of <br />goods on the market. <br />Infrastructure <br />The physical assets of the City, such as streets, water, wastewater, public buildings and parks, and the <br />support structures within a development. <br />Interest Revenues <br />Revenues received as interest from the investment of funds not immediately required to meet cash <br />disbursements obligations. <br />Investment <br />Securities and real estate purchased and held for the production of income in the form of interest, <br />dividends, rentals or base payments. <br />Jurisdiction <br />Geographic or political entity governed by a particular legal system or body of laws. <br />Liability <br />Debt or other legal obligations arising out of transactions in the past which must be liquidated, renewed or <br />refunded at some future date. Encumbrances are not considered to be liabilities. <br />Line-Item Budget <br />A budget which lists detailed expenditures categories (personnel, operating, contractual, internal services <br />and capital outlay) separately, along with the amount budgeted for each specific category.