Page 515 - 2020-21 Budget Summary

GLOSSARY

Substitute Position Authority: A position not funded in the budget. Positions are temporary, usually a year or less,
and must be funded through departmental savings.

Surety Bond: An insurance policy obtained by the City to ensure that City bondholders are repaid. The surety
replaces existing reserve funds on several outstanding Municipal Improvement Corporation of Los Angeles
(MICLA) and Convention Center issuances.

Table of Common Acronyms: Various budget books and documents include common acronyms to provide the
reader with account information. Each salary account line item has a separate acronym. Expense, equipment,
and special account line items have general acronyms.

Acronym Account Name
EQ Equipment
EX Expense
SAN Salaries, As Needed
SCP Salaries, Construction Projects
SG Salaries, General
SGR Salaries, Grant Reimbursed
SHH Salaries, Hiring Hall
SHHCP Salaries, Hiring Hall Construction Projects
SHHFB Hiring Hall Fringe Benefits
SHHFBCP Hiring Hall Fringe Benefits Construction Projects
SHHOT Salaries, Hiring Hall Overtime
SHHOTCP Salaries, Hiring Hall Overtime Construction Projects
SOFFCS Overtime Firefighter Constant Staffing
SOPOA Salaries, Police Accumulated Overtime
SOT Salaries, Overtime
SOTCP Salaries, Overtime Construction Projects
SOVS Overtime Variable Staffing
SP Special
SPOSK Unused Sick Time
SPROP Salaries Proprietary
SW Sworn Salaries
SWB Sworn Bonuses
SWOT Overtime--Sworn

Taxes: Compulsory charges levied by a government to finance services performed for the common benefit of
people. This term does not include specific charges made against particular individuals or property for current or
permanent benefit, such as special assessments.

Unappropriated Balance: A budgetary reserve to meet contingencies and emergencies as they may arise during
the fiscal year.

Unrestricted Revenues: Revenues that the City can use for any general expenditure. All unrestricted revenues
accrue to the General Fund. Certain General Fund receipts resulting from fees imposed on various city services,
however, are “restricted” in the sense that the funds collected are used to offset the cost of the service provided.

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