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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

Glossary

(continued)