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Glossary
2017-2021 FINANCIAL PLAN
GVWD
—
Greater Vancouver Water District, an organization of member municipalities
for planning and delivery of water services.
Infrastructure
—
Large-scale, physical assets required for the operation of a society
(i.e., streets, water, sewer, public buildings, and parks).
Internal Services Recovered
—
Recovery from one department to another for services
rendered, such as data processing or insurance funded from a control pool. See
internal services used.
Internal Services Used
—
Charge from one department to another for services
rendered. See internal services recovered.
LTCP
—
Long Term Capital Plan.
Levy
—
To impose taxes to fund City services.
Long-term Debt
—
Debt with a maturity of more than one year after the date of
issuance.
Materials and Supplies
—
Expendable goods necessary to conduct departmental
operations.
Neighbourhood Concept Plan (“NCP”)
—
Part of the City's Official Community Plan,
and is a conceptual framework for proposed development of a neighborhood. It
identifies a pattern of land uses, densities, services and infrastructure.
Objective
—
Something to be accomplished in specific, well-defined, and measurable
terms and that is achievable within a specific time frame. See goal.
Obligations
—Amounts that the City may be legally required to pay. They include not
only actual liabilities, but also encumbrances.
Official Community Plan (“OCP”)
—
The City’s primary and governing document
under Bylaw, 2013, No. 18020, that outlines the community’s objectives and the
corresponding policies and maps to guide decisions on planning, land use
management, and development within the area covered by the plan (usually an entire
municipality or parts of a regional district).
One Hundred Person Years
—
The estimate of the actual time-at-risk in years that all
persons contributed to the study i.e. (# of years in study x # of members in the study).
Operating Expenditures
—
The cost of personnel, materials and equipment
associated with the City’s day-to-day operation.
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