GO - GENERAL OBLIGATION: General obligation refers to the process of using long-term debt to finance the cost of a capital improvement. Prior to project planning and design, statutory authority must be established and the Governing Body must adopt a resolution authorizing the improvement.
PAYG - PAY AS YOU GO: Funding budgeted each year in order to pay cash for the capital improvement. This fund is used in lieu of issuing general obligation bonds.
EXCIS - EXCISE TAX: Represents excise tax payments.
1/8STX - 1/8-CENT SALES TAX: Revenues from a city-wide, voter-approved 1/8-cent sales tax finance an Accelerated Street Improvement Program targeted to fund improvements to residential streets and throughfares. The tax was approved in November of 1998, went into effect in April of 1999 and will expire in March of 2004. An extension of the 1/8 cent sales tax was approved by voters in April 2003, extending its collection until March 31, 2009.
ESC - ESCROW FUNDS NOT AT RISK: Escrow funding paid by private developers or property owners to pay their portion of the project. This money is paid prior to the start of the project.
SA - SPECIAL ASSESSMENT: Property owners benefited by improvements are charged a all or a portion of the cost of the improvement, based on the type of project. In the case of a storm drainage project, the property owner is assessed 4.5% of their total property and improvement valuation.
CTY-COUNTY: County funding includes both the CARS program and the Johnson County Storm Water Drainage program. The funding source for the drainage program is the County's 1/10 cent storm water sales tax.
OCITY- OTHER CITY: The cost of a capital improvement project that is adjacent to another city is shared with that city.
KDOT - KANSAS DEPARTMENT OF TRANSPORTATION: Represents a one-time state funding of system enhancements as a result of an increase in car registration and motor vehicle fees.
ISTEA - INTERMODAL SERVICE TRANSPORTATION EFFICIENCY ACT, and TEA21 - TRANSPORTATION EQUITY ACT OF THE 21st CENTURY: These federal funds are allocated by Congress to each state, which distributes the funding. Prioritization of projects and funds in the Kansas City metropolitan area is done by the Mid-America Regional Council (MARC).
CDBG - COMMUNITY DEVELOPMENT BLOCK GRANT: Funds from the city's CDBG entitlement appropriation are used to fund Residential Street improvement projects recommended by the CDBG Advisory Committee. Federal guidelines require that a minimum of 70% of these funds be spent on projects and programs which benefit low and moderate-income persons within the community.
ERF - EQUIPMENT RESERVE FUND: Represents funding available from the Equipment Reserve Fund. This fund was established to provide flexibility in meeting operational needs by providing a resource to stabilize citywide equipment replacement in lieu of issuing short-term debt.
RECV - RECOVERED COSTS: Represents projects whose costs will be recovered through increased efficiencies, which result in a decrease in operating expenditures.
GCR - GOLF COURSE REVENUE: Golf Course revenues that exceed operating expenses (which include a computation for overhead) are used to make golf course improvements.
SPR - SPECIAL PARKS AND RECREATION: Revenue to this fund is provided by the liquor tax imposed on gross receipts of liquor sales by clubs, caterers and drinking establishments. One-third of the city's total revenue from this tax is required by state statute to be "expended only for the purchase, establishment, maintenance, or expansion of park and recreational services, programs and facilities." Projects are recommended by the Citizens Advisory Committee for Parks and Recreation
PRIV - PRIVATE FUNDS: These funds will be provided by the fund-raising efforts to support specific projects.
OFIN - OTHER FINANCING: Other financing refers to sources of funding that are not normally used in the context of the city's CIP planning.