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As used in this chapter the following definitions apply:

Administrative department” means grouping of borough activities established by ordinance or separate borough offices and organizational units which are to be budgeted, appropriated, and accounted for individually; including, but not limited to, the assembly, mayor’s office, borough attorney’s office, etc., but not including the school district.

Borough” means the Fairbanks North Star Borough, including the school district, unless otherwise indicated.

Encumbrance/obligation” means a commitment to expend appropriations.

Expenses” means the total disbursements and encumbrances made against an appropriation.

Fund” means a fiscal and accounting entity with a self-balancing set of accounts that is used to record cash and other financial resources, together with all related liabilities and residual equities or balances, and changes therein, that are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions, or limitations in accordance with governmental accounting standards.

Fund balance” means those funds remaining in a fund which have not been appropriated.

School district” means the Fairbanks North Star Borough school district.

Service area’s available fund balance” means the unreserved, unappropriated fund balance of a service area remaining at the close of the preceding fiscal year, as certified by the chief financial officer, less 20 percent of the service area’s appropriated expenditure level. (Ord. 2021-14 § 4, 2021; Ord. 90-028 § 12, 1990; Ord. 89-009 § 4, 1989; Ord. 85-001 § 2, 1985. 2004 Code § 3.03.300.)