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For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
APPROPRIATION. An authorization granted by the Council to make expenditures and to incur obligations for specific purposes.
BUDGET. The plan of financial operation adopted by the Council embodying an estimate of authorized expenditures for the applicable fiscal year and the proposed means of financing them.
CAPITAL PROJECT. A public improvement such as a building, structure, bridge, or acquisition of real property.
CHARTER. The charter of the city of Alhambra.
COUNCIL. The City Council of the city of Alhambra.
DEPARTMENT. A department or agency of the city of Alhambra.
ENCUMBRANCE. An obligation in the form of a purchase order or a contract. Such obligation ceases to be an encumbrance when paid.
ESTIMATED REVENUE. All revenues from any source whatsoever for all funds anticipated to be collected during the fiscal year.
EXPENDITURES. Any charges incurred, whether paid or unpaid.
FISCAL YEAR. As set forth in Article XVIII, Section 121 of the charter, the FISCAL YEAR of the city shall commence on July 1 of each year and shall end on June 30 of the following year.
PROPOSED BUDGET. The plan of financial operation for the next fiscal year submitted by the City Manager to the Council for its consideration.
UNAPPROPRIATED SURPLUS. That portion of a given fund which is not segregated for specific purposes. It can include (but is not limited to) unallocated funds from previous years and revenues received in excess of estimated revenues and require-ments.
UNENCUMBERED APPROPRIATION. That portion of an appropriation not yet expended or encumbered.
UNFUNDED LIABILITY. Either an ongoing or one time only obligation for which insufficient or no assets have been set aside to cover the current and/or future cost incurred to retire such obligation.
('86 Code, § 3.12.010) (Ord. 3552, passed - - ; Am. Ord. 4196, passed - - )