2016-2020_Financial_Plan_Web

Glossary

Public Sector Accounting Board (PSAB) - Sets accounting standards for the public sector. PSAB serves the public interests by setting standards and guidance with respect to the reporting of financial and other information.

Riparian Corridor - The habitat immediately adjacent to a river, stream, lake or other natural body of water.

RCMP - Royal Canadian Mounted Police.

Revenue - Sources of income used by the City to finance its operations.

South Fraser Perimeter Road (SFPR) - Capital roads project undertaken by the City.

Tax Levy - The total amount to be raised through general property taxes.

Taxes - Compulsory charges levied by the City for the purpose of financing services performed for the common benefit of its citizens.

Terrestrial Habitat - a place or environment on land.

Transfers To/From Own Sources - Amounts transferred to/from one fund to another fund or to/from deferred revenue or reserve accounts.

Triple Bottom Line Accounting - A performance measure that takes into account ecological and social performance in addition to financial performance.

2016-2020 FINANCIAL PLAN

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