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CITY OF MORGAN HILL
FY 16-17 and 17-18
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 16-17 and 17-18
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 16-17 and 17-18
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
CITY OF MORGAN HILL
FY 16-17 and 17-18
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 16-17 and 17-18
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY16-17 and 17-18
Infrastructure
All City owned facilities supporting the operation of the governmental unit. It includes: streets, roads, bridges, curbs
and gutters, parks, water and sewer lines, storm drains, water pump stations and reservoirs, water wells, sewer lift
stations, all government buildings and related facilities.
Intergovernmental Grant
A contribution of assets (usually cash) by one governmental unit or other organization to another. Typically, these
contributions are made to local governments from the State and Federal Governments. Grants are usually made for
specified purposes.
Internal Service Fund
Funds used to account for the financing of goods or services provided by one department or agency to other depart-
ments or agencies of the City.
Investments
Securities and real estate purchased and held for the production of income in the form of interest, dividends, rentals
or base payments.
LAFCO
Local Agency Formation Commission.
Liability
A debt or other legal obligation arising out of transactions in the past which must be liquidated, renewed or refunded
at some future date. NOTE: The term does not include encumbrances.
Maturities
The dates on which the principal or stated values of investments or debt obligations mature and may be reclaimed.
Measure C
A measure approved by voters amending the Morgan Hill General Plan and Municipal Code to update Measure P, the
City’s Residential Development Control System (RDCS) to extend the RDCS to 2020, establishing a population ceiling
of 48,000 for the year 2020.
Modified Accrual
Recognizes increases and decreases in financial resources only to the extent that they reflect near-term inflows and
outflows of cash. Amounts are recognized as revenue when earned, only so long as they are collectible within the pe-
riod or soon enough afterwards to be used to pay liabilities of the current period.
Glossary