EXPENSES
The City's largest expense.
What is Personnel? (Salaries and Benefits)
The City's largest source of revenue.
What are Property Taxes?
Day the City's fiscal year begins and ends.
What is September 1st and August 31st?
The office that prepares the city’s annual financial plan.
What is the Office of Management and Budget?
A purchase of major assets, like vehicles or buildings.
What is a Capital Expense?
Type of revenue that is uncertain and can fluctuate with the economy.
What is Sales Tax?
City Strategic Goal that has the largest General Fund share.
What is Goal 2 - Public Safety?
Form submitted by departments to amend their budget.
What is a Budget Transfer?
Type of expense that includes utilities, supplies, and maintenance.
What is an Operating Expense?
This rate was lowered through the FY 2026 budget adoption.
What is Property Tax Rate?
Airport, ESD, Sun Metro, Bridges, and Tax are considered this type of department.
What is Enterprise?
Monthly process of estimating how much money will be received and spent.
What is projecting/forecasting?
Survey available to public to voice their top City funding priorities.
What is a Chime In?
The difference between revenues and expenditures when revenues are higher.
What is a Budget Surplus?
Date of the FY 2026 Budget Adoption.
What is August 19, 2025?
Document that gives authorization for OMB to approve budget transfers.
What is the Budget Resolution?
Payment that needs to be made before any other expenses.
What is Debt Service?
Document that gives authorization for Departments to charge fees.
What is Schedule C?
City Strategic Goal that has the most Departments.
What is Goal 6 - Sound Governance?
Report that updates City leadership and the public on the City's future financial health.
What is Multi-Year Financial Outlook (MYFO)?