§ 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)