2006 New York Code - Definitions.

 
    §  2.  Definitions. As used in this chapter, such terms shall have the
  following meanings:
    1. "Account". A classification  by  which  information  on  particular
  financial transactions and financial resources is recorded and arranged.
    2.  "Capital  projects  funds".  Funds  used  to account for financial
  resources to be used for  the  construction  of  capital  facilities  or
  acquisition  of  major  capital  facilities other than those financed by
  proprietary funds, special revenue funds, and fiduciary funds.
    2-a. "Capital project". Any project involving:
    (i) the acquisition, construction,  demolition  or  replacement  of  a
  fixed asset or assets;
    (ii)  the major repair or renovation of a fixed asset, or assets which
  materially extends its useful life or materially improves  or  increases
  its capacity; or
    (iii)  the  planning  or  design  of  the  acquisition,  construction,
  demolition, replacement, major repair or renovation of a fixed asset  or
  assets.
    3.  "Debt  service  funds".  Funds  which  are used to account for the
  accumulation of resources for, and the  payment  of,  general  long-term
  debt principal and interest.
    4.  "Disbursement". The payment or transfer of money from a fund other
  than for investment purposes.
    5. "Enterprise funds". Funds used to account for activities  of  state
  government  which  are  intended  by  law to be self-supporting or to be
  financed in whole or in part by user charges. "Enterprise  funds"  shall
  also  include  funds  used to account for activities of state government
  for which the law requires that there be  a  periodic  determination  of
  revenues earned and expenses incurred.
    6.  "Expenditure".  A  decrease  in net financial resources as further
  defined by generally accepted accounting principles.
    6-a. "Fixed assets". Assets of a long-term, tangible  character  which
  are  intended  to  continue to be held or used, such as land, buildings,
  improvements, machinery and equipment.
    6-b.  "Capital  assets".  Fixed  assets  and  infrastructure   assets,
  including   but   not   limited  to  roads,  bridges,  facilities,  mass
  transportation  facilities,  and  water,  sewer  and  drainage  systems.
  Capital  assets  shall also include capital asset groups, which are of a
  similar nature or perform a  similar  function  and  cannot  be  readily
  identified as individual capital assets, such as roads or canals.
    7.  "Fiduciary  funds".  Funds  used to account for assets held by the
  state in a trustee capacity or as  an  agent  for  individuals,  private
  organizations, and other governmental units.
    7-a.  Financial plan. A complete plan of receipts and disbursements or
  of revenues and expenditures for all governmental funds  as  defined  in
  this chapter.
    8. "Fund". A fiscal and accounting entity with a self-balancing set of
  accounts recording cash and other financial resources, together with all
  related  liabilities  and  residual  equities  or  balances, and changes
  therein, which are segregated for the purpose of  carrying  on  specific
  activities  or  attaining  certain objectives in accordance with special
  regulations, restrictions, or limitations.
    9. "Fund type". A  classification  by  which  funds  are  grouped  and
  reported on in accordance with generally accepted accounting principles.
    10.  "Generally  accepted  accounting  principles".  The principles of
  governmental   accounting   specified    by    authoritative    national
  standard-setting bodies.
    11.   "Generally   accepted  auditing  standards".  The  standards  of
  governmental    auditing    specified    by    authoritative    national
  standard-setting bodies.
    11-a.  "General  fixed  assets".  All  fixed assets used in operations
  accounted for in the general fund, special revenue funds,  debt  service
  funds or capital projects funds.
    11-b.  Governmental  funds.  A group of fund types that includes those
  funds that are classified as the general fund,  special  revenue  funds,
  debt service funds and capital project funds as defined in this chapter.
    12.  "Internal service funds". Funds used to account for the financing
  of goods or services provided on a cost-reimbursement basis by one state
  department or agency to another, or to other governmental units.
    13. "Local assistance". All payments and contributions by the state to
  and in aid of local governmental units or agencies in the manner and  to
  the extent provided by law.
    13-a.  "Research  institute".  Any  not-for-profit corporation closely
  affiliated with a specific state agency  or  agencies,  excluding  state
  agencies  governed  by  a board of trustees, and the purpose of which is
  essentially to support, supplement or  extend  the  research  and  other
  functions and programs of such state agency or agencies.
    14.  "Proprietary  funds". Enterprise funds and internal service funds
  as defined herein.
    15. "Receipt". Money paid or transferred into a fund other than moneys
  previously transferred from such fund for investment purposes.
    16. "Revenue". An increase  in  net  financial  resources  as  further
  defined by generally accepted accounting principles.
    17.  "Special  revenue funds". Funds which are used to account for the
  proceeds of specific sources that are  specifically  restricted  by  law
  from  being  deposited  in  the  general  fund  of  the state other than
  proprietary funds, fiduciary funds and capital project funds.
    18. "Financed equipment acquisition". Personal property acquired or to
  be acquired by any state department and agency  or  unit  of  the  state
  university  or city university of New York through (i) lease purchase or
  installment  purchase  agreements  financed  or  to   be   financed   by
  certificates  of  participation  sold pursuant to article five-A of this
  chapter or (ii) other lease purchase or installment purchase agreements.
    19. "Maintenance". Planned activities undertaken to reduce  or  arrest
  the rate of deterioration of capital assets, or to maintain such capital
  assets  in  a  state  of  good  repair,  including  but  not  limited to
  preventive maintenance, normal  periodic  repairs,  the  replacement  of
  parts,  and other activities intended to help achieve the optimum useful
  life of capital assets. These activities may correct minor defects as  a
  secondary  benefit,  but they shall not include alterations that either:
  (i) change the use of the asset; or (ii) materially  extend  the  useful
  life of the asset.