§ 2-550. Definitions.

Latest version.

For the purpose of this division the following words, terms or phrases shall have the meaning ascribed to them in this section unless the context clearly indicates otherwise:

Emergency sinking account. Checking, saving and/or investments accounts.

Non-discretionary spending. Spending that is required by a contract or other commitment.

Operating expenditures. Appropriated financial resources necessary for the operational costs, excluding:

(a) Capital expenditures;

(b) Debt service;

(c) Depreciation/amortization; and

(d) Transfers to other funds.

(Ord. No. 2011-11, § 1, 7-19-11)

                    
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