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GLOSSARY <br />ADA <br />Americans with Disabilities Act <br />Administration <br />The department of the City of St. Anthony that is responsible for implementing City <br />Council policies. The administration department is headed by the City Manager who is <br />appointed by the City Council. The City Manager makes all personnel appointments, <br />directs the work of the City Departments, ensures enforcement of laws, and makes <br />recommendations for Council consideration. <br />Book Value <br />The value of an asset as it is reported on financial statements. It is equal to the <br />purchase price of the asset minus its accumulated depreciation. <br />Budget <br />A financial operating plan showing proposed expenditures for a given period and the <br />proposed means of financing them (also know as the Operating Budget). <br />CAFR <br />Comprehensive Annual Financial Report. The Governmental Accounting Standards <br />Board requires this report as a matter of public record. <br />Capital Expenditures <br />Expenditures resulting in the acquisition of fixed assets. <br />Capital Equipment Fund W401) <br />A fund used to account for the acquisition of major capital purchases other than those <br />financed by proprietary funds. <br />Comprehensive Plan <br />A defined land use and zoning plan that was developed and placed in St. Anthony's City <br />ordinances. <br />Debt Service <br />Payment of interest and repayment of principal to holders of a government's debt <br />instruments. <br />Debt Service Fund <br />A fund used to account for the payment of principal and interest on various types of <br />general obligation debt other than those payable from proprietary funds. The City of St. <br />Anthony debt service funds are General Improvement Dept Service and General <br />Obligation Tax Increment Debt Service. <br />Depreciation <br />The systematic allocation of the cost of an asset over its useful life. <br />130 <br />