ITEM 15 ATTACHMENT 1 - Laserfiche WebLink

Jurisdiction Geographic or political entity governed by a particular legal system or body of laws. Liability Debt or other legal obligations arising out of transactions in the past which must be liquidated, renewed or refunded at some future date. Encumbrances are not considered to be liabilities. Line -Item Budget A budget which lists detailed expenditures categories (personnel, operating, contractual, internal services and capital outlay) separately, along with the amount budgeted for each specific category. Measure B A half -cent transportation sales tax authorized by the passage of Alameda County in 2000. Measure B went into effect on April 1, 2002 and expired on March 31, 2022. Funding can be used for street construction, repairs and maintenance and for bicycle and pedestrian safety projects. Measure BB A half -cent transportation sales tax authorized by the passage of Alameda County in 2000. Measure BB went into effect on April 1, 2005 and will expire on March 31, 2022. The full one - cent sales tax will begin April 1, 2022 and will extend through March 31, 2045. Funding is to be used for transportation priorities that includes streets and roads improvements, bicycle/pedestrian enhancements, and transit related projects. Measure F The Vehicle Registration Fee ballot measure was passed in 2012 by Alameda County. Approximately 60% of Measure F funding is allocated directly to local agencies to be put towards the maintenance and improvement of essential transportation services and facilities. City applies it for repairs and maintenance of local streets and roads and the improvement of traffic flow, public transportation, and bicyclist, pedestrian, and driver safety. Modified Accrual Basis or Modified Accrual Method An accounting method whereby income and expense items are recognized, as they are available and measurable. Net Figure remaining after all relevant deductions have been made from the gross amount; or to arrive at the difference between additions and subtractions or plus amounts and minus amounts. Object Codes Specific numerical classifications for which money is allocated for disbursements. The City uses object codes as the last six characters of the account number and represents the lowest level of classification within the General Ledger accounting system. Objective Measurable statement of the intended beneficial and tangible effects of a program's activities. An objective is a specific target toward which a manager can plan, schedule work activities and make staff assignments. An objective is stated in quantifiable terms, such that it is possible to know when it has been achieved. 204