The acquisition of property, facility, or equipment whose cost exceeds $5,000 per unit. Capital costs include installation, delivery cost, staff training, sales and use taxes, and general and administrative overhead costs.
The original budget plus all budget amendments adopted by formal MTA action. Budget amendments are changes to the “scope work.” The Project Manager has the authority to approve budget fund shifts from one budget category to another via the Project…
Funds to account for those resources used to repay the principal and interest on long-term debt.
Electronic Clearing House Operations Payment System – Federal.
The exchange of money via telecommunications. EFT refers to any financial transaction that originates at a terminal and transfers a sum of money from one account to another.
Commitments related to unperformed contracts for goods or services. A purchase order is the most common encumbrance.
Fund established to finance and account for the acquisition, operation, and maintenance of governmental facilities and services that are entirely or predominantly self-supporting by user charges; or where the governing body of the governmental unit has decided periodic determination of…
Total system-generated revenue (including farebox revenue) divided by Section 15 operating costs.
An audit designed to determine the accuracy of financial records and information.
Financial Information System. The name of the computer services function at the MTA.