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Glossary
Accounting System
The total set of records and procedures that are used to record, classify,
and report information on the financial status and operations of an entity.
The accounting system in Metro is commonly referred to as "FASTnet".
Active Position
A position that is available to be filled (budgeted and funded, whether
filled or not, at the current time.)
Allocate
To divide a lump-sum amount into parts that are designed for expenditure
by specific organization units and/or for specific purposes, activities,
or objects.
Allocation
A part of a lump-sum amount, which is designated for expenditure by specific
organization units and/or for special purposes, activities, or objects.
Allot
To divide an appropriation into amounts usually by month, which may be
encumbered or expended during an allotment period.
Allotment
A part of an appropriation, which may be encumbered or expended during
an allotment period. Allotments are created in a spread process at the
end of the budget preparation cycle in June or July; they are visible
on the Detailed Budget by Account screen, or by looking at BA ledger activity
and balances in each quarter of the fiscal year.
Allotment Period
A period of time less than one fiscal year in length during which an allotment
is effective. Metro generally uses quarterly allotment periods, but more
frequent spreads are available upon request to OMB.
Annual Budget
A budget applicable to a single fiscal year.
Appropriation
A legal authorization granted by a legislative body (the Council) to make
expenditures and to incur obligations for specific purposes. An appropriation
is usually limited in amount and as to the time when it may be expended.
All Metro general fund appropriations lapse (expire) at the end of each
fiscal year.
Authorized Positions
Number of positions authorized in the final budget.
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What's New...
Misc
Mayor's
Hearing Schedule, 2005
Council
Hearing Schedule, 2005
FY2005
Revenue Manual
Presentation
Budget Presentation
(streaming video)
Mayor's
Capital Plan
Mayor's Remarks
for Metro 2005 Budget Presentation
Finance
Director's Budget Presentation
School
Funding Task Force
Ordinances
The
Budget Ordinance
Tax
Levy Ordinance
Details
Summary
of Departmental Adjustments - Schedule I
Summary
of Budget Adjustments for Administrative Accounts - Schedule II
Detailed
Summary of Budget Adjustments - Schedule III
Detailed
Summary of Budget Reductions Not Included in the Proposed Budget - Schedule
IV
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click the image below.
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