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City of Saint Anthony <br />Financial Plan <br />GENERAL OPERATING BUDGET........ The part of the operating budget which <br />includes the general, special revenue, and <br />capital funds. (Excludes the enterprise funds). <br />GENERALLY ACCEPTED <br />ACCOUNTING PRINCIPLES <br />(GAAP)...................................................Uniform minimum for standards and guidelines <br />for financial accounting and reporting. The <br />primary authoritative body on the application of <br />GAAP to state and local governments is the <br />Governmental Accounting Standards Board <br />(GASB). <br />GRANT...................................................A contribution of cash or other asset from a <br />government or other organization for a <br />specified purpose, activity, or facility. <br />INFRASTRUCTURE...............................Immovable assets such as roads, bridges, <br />curbs and gutters, streets and sidewalks, <br />drainage systems, and lighting systems that <br />are of value only to the City. <br />INTERGOVERNMENTAL <br />REVENUE .............................................. Revenues from other governments in the form <br />of grants, entitlements, shared revenues, or <br />payments in lieu of taxes. <br />LEVY......................................................The total amount of taxes or special <br />assessments imposed by the City. <br />LOCAL GOVERNMENT AID (LGA)....... Funds passed down to the City by the State <br />of Minnesota. <br />MARKET VALUE ...................................The value determined by the County Assessor <br />for real estate or property used for levying <br />taxes. <br />OPERATING BUDGET ..........................The annual financial plan for funding the costs <br />of providing services and programs. <br />PARKS IMPROVEMENT FUND.............A fund used to account for revenues and <br />expenditures for the purchase, upgrade and <br />maintenance of City parks. <br />128 <br />