For the purpose of this chapter, the following definition shall apply unless the context clearly indicates or requires a different meaning.
BIENNIAL BUDGET. A budget by the city that provides for a biennial period to determine and carry on the city’s financial and taxing affairs.
BIENNIAL PERIOD. The two fiscal years comprising a biennium commencing in odd-numbered or even-numbered years used by the city in determining and carrying on its financial and taxing affairs.
PUBLIC FUNDS. All money, including non-tax money, used in the operation and functions of governing bodies. If the city has a lottery established under the state’s County and City Lottery Act, only those net proceeds which are actually received by the city from a licensed lottery operator shall be considered PUBLIC FUNDS and PUBLIC FUNDS shall not include amounts awarded as prizes.
(Neb. RS 13-503)