Oracle Vocab
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Oracle Vocab
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1. A separate fund established to account for services that are supported primarly by service charges. They are similar to private business enterprise - where the costs of providing goods or services to the general public or to customer departments on a

2. When one department or fund desires services from another department or fund and the department or fund providing the service sgree to a scope of work and an estimated budget and schedule.

3. Is derived from taxes - licenses - fees - and investment earnings.

4. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.

5. The amount of direct and indirect costs that would be reduced or eliminated if a service currently provided by County staff were to be provided by contract. These costs are typically include all direct and variable costs - as well as any portions of

6. Fund is an independent fiscla and accounting entity.

7. As a political subdivision of the State of California - the County is governed by a five- member Board of Supervisor - which has legislative and executed authority. Each member of the Board of Supervisors is elected by geographic district.

8. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.

9. The account structure an enterprise uses to record transactions and maintain account balances.

10. Governmental funds established to accont for financial resources used for the acqusition or construction of major capital facilities ( other than those accounted for in proprietary funds).

11. An account that contains money set aside for a legaly restricted specifi future use.

12. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.

13. A fund used to account for assets held by a government in a trustee capacity for individuals - private organizations - other governments and/or other funds.

14. Enterprise Funds - Internal Service Fund

15. An excess of liabilites over assets - of losses over profits - or of expenditures over revenue.

16. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.

17. The types of invoices- Standard - Credit memo - Debit memo - Expense Report - Prepayment - Mixed.

18. An internal request for goods or services. A requisiton can originate from an employee or from another process. Each requition can include many lines - generally with a distict item on each requisition line.

19. The version of the Operations Plan that is formally approved and implemented by the Board of Supervisors after the proposed Operational Plan has gone through a process of Change Letters - public hearing - and deliberations.

20. An itemized statement of money owed for goods shipped or services rendered

21. A budget Format prescribed by the State Controller. Refers to account and sub-account detail typically provided by revenue source - and objects of expenditures based on the types of goods or services(salaries & benefits - services & supplies - other

22. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.

23. Elements of cost necessary in the production of an article of the performance of a services - but an integral part of the finished product or service - such a rent - heat light - supplies - management - second-level supervision. Can refer to Departme

24. Funds that account for resources that government hold in trust for individuals or other governments. Examples include the Community Services Trust Fund for Developer deposit and School District Funds tha are included in the County Investment Pool.

25. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.

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