Operating and CIP Budget Fiscal Year 2015-16

Glossary (continued)

 CITY OF MORGAN HILL  FY 15-16  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 15-16  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 15-16  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 15-16 OPERATING AND CIP CITY OF MORGAN HILL  FY 15-16  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY 15-16  OPERATING AND CIP BUDGET  CITY OF MORGAN HILL  FY15-16  OPERATING AND CIP BUDGET  CITY Capital Project Fund Used to account for financial resources used for the acquisition or construction of major capital facilities (other than those financed by Enterprise and Internal Service Funds). CCC Community and Cultural Center - the campus includes the Community Playhouse, Gavilan College, the Outdoor Amphi- theater, the main Community and Cultural Center building. CDBG Community Development Block Grant - the CDBG program is a flexible program that provides communities with re- sources to address a wide range of unique community development needs. Beginning in 1974, the CDBG program is one of the longest continuously run programs at the US Department of Housing and Urban Development (HUD). The CDBG program provides annual grants on a formula basis to 1180 general units of local government and States. Certificate of Deposit A negotiable or non-negotiable receipt for monies deposited in a bank or financial institution for a specified period at a specified rate of interest CIP Engineering All work involved in preparation of construction plans, contractual documents and construction administration for the design and upgrade of various infrastructures for projects identified in the 5-year Capital Improvement Program. Contingency A budgetary reserve set aside for emergencies or unforeseen expenditures not otherwise budgeted for. COP Certificate of Participation - provides long-term financing through a lease or installment sale agreement that does not constitute indebtedness under the state constitutional debt limit and does not require voter approval CRC Centennial Recreation Center - the 52,000 square foot Centennial Recreation Center features a gymnasium, fitness center, indoor pool with water play features, teen and senior wing, multi-purpose room, and computer lab. CSOA Community Service Officers Association – the City of Morgan Hill public safety support union

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