2019 Budget Book

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Glossary & Bond A written promise to pay a sum of
Acronyms money on a specific date(s) at a specific
interest rate. The interest payments and
Accrual Any individual entry recording the repayment of the principal are
detailed in a bond ordinance.
revenue or expense in the absence of a
BPD Branson police Department.
cash transaction.
Budget An estimate of expected
Appropriate A legal authorization revenues and expenditures for a given
period in the future.
granted by the Board of Aldermen to
Budget Document The compilation of
incur obligations and make expenditures the individual departmental spending
plans for the various funds, along with
for designated purposes. supporting schedules, tables and graphs
which, in total, comprise the annual
Assessed Valuation The valuation set revenue and expenditure plan.
upon real estate and certain personal
property by the Assessor as a basis for Budget Message The opening section of
levying property taxes. the budget from the City Manager, which
provides the City Council and the public
Audit Auditing refers to a systematic and with a general summary of the most
independent examination of books, important aspects of the budget.
accounts, documents and vouchers of
an organization to ascertain how far the Capital Assets Assets with a cost of
financial statements present a true and $5,000 or greater and an estimated useful
fair view of the concern. It also attempts life of at least one year. Capital assets
to ensure that the books of accounts are include land, building, improvements,
properly maintained by the concern as equipment and infrastructure assets such
required by law. as roads, bridges, storm sewers and similar
items.
Balanced Budget A budget is balanced
when current expenditures are equal to Capital Expenditures money spent by
current receipts. the city for acquisition or maintenance of

Board of Aldermen (BOA) The Mayor
and six aldermen that collectively act as
the legislative and policy-making body of
the City.

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fixed assets, such as land, buildings or type activities similar to those found in the
equipment. private sector.

Capital Project Funds Funds set up to EPA Environmental Protection Agency.
account for resources used for the
acquisition or construction of major Expenditures Decreases in net financial
capital assets by a governmental unit, resources that include current operating
except those projects financed by an expenses which require the current or
enterprise fund or by a special future use of net current assets, debt
assessment. services and capital outlays.

CID Community Improvement District. Financial Policy
with respect to revenues, spending and
CIP Capital Improvement Program. debt management as these relate to
government services, programs and
Debt Service Funds Funds set up to capital investment. A financial policy
account for the accumulation of provides an agreed-upon set of principles
resources and the payment of interest for the planning and programming of
and principal on all general obligation governmental budgets and their funding.
debt, other than that serviced by
enterprise funds or by special assessments Fiscal Year A 12-month period to which
in another fund. the annual budget applies. The City of
Branson has specified January 1 to
Department An individual section within December 31 as its fiscal year.
the city government having a specialized
function or activity and a separate Fixed Asset Assets of long-term nature
spending plan. that are intended to continue to be held
or used, such as land, buildings,
Depreciation An accounting method of machinery, furniture and other
allocating the cost of a tangible asset equipment.
over its useful life.
Full-Time Equivalents (FTE) Employee
DNR Department of Natural Resources. positions, which are authorized in the
adopted budget, to be filled during the
Enterprise Fund A type of fund required
by the Generally Accepted Accounting
Principles (GAAP) to account for business-

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year. One FTE is equivalent to a 40-hour GFOA Government Finance Officers
per week position. Association.

Fund An accounting device established Governmental Funds All funds are
to control receipt and disbursement of classified into one of five fund types: the
income from sources set aside to support general fund, special revenue funds,
specific activities or attain certain debt service funds, capital project funds
objectives. Each fund is treated as a and permanent funds.
distinct fiscal entity with a self-balancing
set of accounts. Grant A contribution by a governmental
or other organization to support a
Fund Balance The exce particular function. Typically, these
current assets over its current liabilities. A contributions are made to local
negative fund balance is often referred governments from state or federal
to as a deficit. governments.

GAAP Generally Accepted Accounting LAGERS Local Government Employees
Principles are a common set of Retirement System.
accounting principles, standards and
procedures that entities must follow in MDFB The Missouri Development
compiling financial statements.
Finance Board assists infrastructure and

economic development projects in

GASB The Governmental Accounting Missouri.

Standards Board is the independent, Mission A broad statement of the goals,
in terms of meeting public service needs,
private-sector organization that that a department or organization is
formed to meet.
establishes accounting and financial

reporting standards for U.S. state and

local governments that follow GAAP.

General Fund A fund set up to account Modified Accrual Accounting A basis of
for the ordinary operations of a accounting which is a mixture of accrual
governmental unit that are financed from accounting and cash basis accounting.
taxes and other general revenues. All Expenditures are recognized when the
transactions not accounted for in some liability is incurred and revenues are
other fund are accounted for in this fund.

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recognized when they become available and externally. There are two types of
and measurable. proprietary funds, enterprise and internal
service.
NFP: Non for Profit.
Resources Total dollars available for
Operating Budget The financial plan appropriation including estimated
adopted for a single fiscal year. The revenues, transfers and beginning fund
balance.
financial plan initially developed by
departments and presented by the City Revenues All amounts of money
Administrator to the Board of Alderman
received by a government from external

sources other than expense refunds,

the plan as modified and finally capital contributions and residual equity
approved by the Board of Alderman. The
adopted budget is authorized by transfers.
ordinance and thus establishes the legal
spending limits for the fiscal year. Special Revenue Funds Funds set up to
account for revenues from specific taxes
Organization Chart A flowchart or or other earmarked sources that (by law)
picture representation of the employee are designated to finance particular
positions within an organization. activities of government.

Performance Measures Process of Tax Increment Financing District (TIF) A
geographical area or district created
collecting, analyzing and/or reporting under Missouri law to encourage
development of the area within its
regarding the accomplishments toward a boundaries by the reinvestment of half of
the incremental tax growth generated by
goal by a department. For more property value increases and new
development within the district.
information see the Strategic Plan.

Priority Based Budgeting An improved Tax Levy The resultant product when the
budget system that identifies the primary tax rate per one hundred dollars is
annual objectives, then structures the multiplied by the tax base.
budget to achieve these goals.

Proprietary Funds Accounts for services
for which the city charges a fee, internally

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Transfers In/Out Amounts transferred under Missouri law to encourage
from one fund to another to assist in development of the area within its
financing the services for the recipient boundaries by imposing a sales tax.
fund.
User Fee Fees charged for the use of
Transportation Development District (TDD) services; user fees are charged only to the
A geographical area or district created individual using the service.

Endnotes

i https://factfinder.census.gov/faces/nav/jsf/pages/community_facts.xhtml
ii https://www.missourieconomy.org/indicators/LAUS/default.aspx
iii City of Branson. Board of Alderman meeting. 9 October 2018. http://www.bransonmo.gov/ Agenda
Center/ViewFile/Agenda/_10092018-1357
iv https://apps.dese.mo.gov/MCDS/Reports/SSRS_Print.aspx
v Source: https://mcds.dese.mo.gov/quickfacts/Pages/District-and-School-Information.aspx.
vi https://www.branson.k12.mo.us/site/default.aspx?PageType=3&DomainID=4&ModuleInstance ID
=24&ViewID=6446EE88-D30C-497E-93163F8874B3E108&RenderLoc=0&FlexDataID=798 6& Page
ID=1
vii https://www.usnews.com/best-colleges/college-ozarks-2500
viii https://www.usnews.com/best-colleges/search
ix https://coxhealth-prod-2.s3.amazonaws.com/images/14706895_1232881303399719_6941338188988
915638_o.original.jpg

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