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47 <br /> City of Saint Anthc <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 /> iii <br />